Wintrust Financial Corporation (NASDAQ:WTFC) Holdings Cut by Calamos Advisors LLC

Calamos Advisors LLC lowered its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 74.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,514 shares of the bank's stock after selling 77,379 shares during the period. Calamos Advisors LLC's holdings in Wintrust Financial were worth $2,982,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of WTFC. Park Place Capital Corp increased its stake in shares of Wintrust Financial by 1,264.7% during the 1st quarter. Park Place Capital Corp now owns 232 shares of the bank's stock worth $26,000 after purchasing an additional 215 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Wintrust Financial during the first quarter worth $38,000. Millstone Evans Group LLC acquired a new position in shares of Wintrust Financial during the 4th quarter valued at about $43,000. Parallel Advisors LLC increased its position in Wintrust Financial by 33.9% during the first quarter. Parallel Advisors LLC now owns 593 shares of the bank's stock worth $67,000 after purchasing an additional 150 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Wintrust Financial during the 4th quarter valued at $78,000. Hedge funds and other institutional investors own 93.48% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Hovde Group increased their target price on Wintrust Financial from $107.00 to $115.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 23rd. Jefferies Financial Group set a $145.00 price objective on shares of Wintrust Financial and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Stephens reduced their price target on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Raymond James Financial set a $143.00 price objective on shares of Wintrust Financial and gave the company a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, Barclays lifted their price objective on shares of Wintrust Financial from $138.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $135.77.

Wintrust Financial Stock Down 1.0%

Shares of Wintrust Financial stock traded down $1.31 during trading on Monday, reaching $130.61. The company had a trading volume of 368,348 shares, compared to its average volume of 432,991. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.01. Wintrust Financial Corporation has a fifty-two week low of $89.10 and a fifty-two week high of $142.04. The firm's fifty day moving average is $120.19 and its 200-day moving average is $119.62. The company has a market cap of $8.74 billion, a price-to-earnings ratio of 12.92 and a beta of 0.82.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The bank reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.17. The firm had revenue of $643.11 million for the quarter, compared to analysts' expectations of $643.11 million. Wintrust Financial had a return on equity of 12.00% and a net margin of 17.32%. During the same quarter in the prior year, the firm posted $2.89 earnings per share. On average, analysts anticipate that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Company Profile

Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services.