Victory Capital Management Inc. Has $171 Million Stock Position in Wintrust Financial Co. (NASDAQ:WTFC)

Victory Capital Management Inc. grew its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,843,679 shares of the bank's stock after buying an additional 79,672 shares during the period. Victory Capital Management Inc. owned 3.01% of Wintrust Financial worth $171,001,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Mach 1 Financial Group LLC bought a new stake in Wintrust Financial during the fourth quarter worth approximately $471,000. Jackson Creek Investment Advisors LLC acquired a new position in Wintrust Financial in the fourth quarter worth approximately $367,000. Intrust Bank NA grew its position in Wintrust Financial by 5.4% in the fourth quarter. Intrust Bank NA now owns 5,407 shares of the bank's stock worth $501,000 after buying an additional 277 shares during the last quarter. Retirement Systems of Alabama grew its position in Wintrust Financial by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 76,696 shares of the bank's stock worth $7,114,000 after buying an additional 265 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd grew its position in Wintrust Financial by 134.6% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 1,302 shares of the bank's stock worth $122,000 after buying an additional 747 shares during the last quarter. Institutional investors own 93.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on WTFC shares. StockNews.com upgraded shares of Wintrust Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 18th. UBS Group lifted their price objective on shares of Wintrust Financial from $105.00 to $113.00 and gave the stock a "buy" rating in a research report on Tuesday, January 23rd. Raymond James lifted their price objective on shares of Wintrust Financial from $95.00 to $115.00 and gave the stock a "strong-buy" rating in a research report on Friday, January 19th. Truist Financial lowered their price objective on shares of Wintrust Financial from $117.00 to $112.00 and set a "buy" rating on the stock in a research report on Monday, April 22nd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Wintrust Financial from $103.00 to $106.00 and gave the stock an "outperform" rating in a research report on Friday, January 19th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Wintrust Financial presently has a consensus rating of "Buy" and a consensus price target of $112.33.

Wintrust Financial Stock Up 2.0 %

Shares of Wintrust Financial stock traded up $1.94 on Thursday, hitting $100.06. 310,965 shares of the company traded hands, compared to its average volume of 403,469. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.78. Wintrust Financial Co. has a 12-month low of $58.12 and a 12-month high of $105.29. The company has a 50-day moving average price of $98.63 and a 200 day moving average price of $92.21. The company has a market cap of $6.18 billion, a PE ratio of 10.15 and a beta of 1.21.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.47. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.09%. The business had revenue of $604.77 million during the quarter, compared to analyst estimates of $577.80 million. During the same quarter in the previous year, the business earned $2.80 EPS. Wintrust Financial's quarterly revenue was up 6.9% compared to the same quarter last year. Sell-side analysts predict that Wintrust Financial Co. will post 10.17 earnings per share for the current year.

Wintrust Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Wednesday, May 8th. Wintrust Financial's payout ratio is presently 18.61%.

Insider Activity at Wintrust Financial

In related news, insider Edward J. Wehmer sold 9,500 shares of Wintrust Financial stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total value of $943,920.00. Following the completion of the sale, the insider now owns 177,124 shares of the company's stock, valued at approximately $17,599,040.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.47% of the stock is owned by company insiders.

About Wintrust Financial

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.