Renaissance Technologies LLC Trims Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Renaissance Technologies LLC cut its position in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 93.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,621 shares of the bank's stock after selling 64,074 shares during the quarter. Renaissance Technologies LLC's holdings in Wintrust Financial were worth $576,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Millstone Evans Group LLC purchased a new stake in shares of Wintrust Financial in the 4th quarter worth about $43,000. Global Retirement Partners LLC increased its stake in shares of Wintrust Financial by 63.5% during the fourth quarter. Global Retirement Partners LLC now owns 376 shares of the bank's stock valued at $47,000 after purchasing an additional 146 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Wintrust Financial by 32.1% in the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank's stock worth $67,000 after purchasing an additional 131 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Wintrust Financial by 32.2% in the 4th quarter. UMB Bank n.a. now owns 677 shares of the bank's stock worth $84,000 after buying an additional 165 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in Wintrust Financial by 920.9% during the 4th quarter. Jones Financial Companies Lllp now owns 684 shares of the bank's stock valued at $85,000 after buying an additional 617 shares in the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Royal Bank of Canada cut their target price on Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Stephens reduced their price objective on shares of Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. StockNews.com upgraded shares of Wintrust Financial from a "sell" rating to a "hold" rating in a research note on Tuesday, April 29th. Truist Financial decreased their price objective on shares of Wintrust Financial from $150.00 to $137.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Barclays lifted their target price on Wintrust Financial from $138.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $133.54.

Wintrust Financial Price Performance

NASDAQ WTFC opened at $115.84 on Friday. The company has a 50-day moving average price of $109.46 and a 200-day moving average price of $121.76. Wintrust Financial Co. has a 52 week low of $89.10 and a 52 week high of $142.04. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $7.75 billion, a P/E ratio of 11.24 and a beta of 0.94.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The bank reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.17. The business had revenue of $643.11 million for the quarter, compared to the consensus estimate of $643.11 million. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same period last year, the firm earned $2.89 earnings per share. Equities research analysts anticipate that Wintrust Financial Co. will post 10.36 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Thursday, May 8th. Wintrust Financial's payout ratio is 19.78%.

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.

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