State of Tennessee Department of Treasury Sells 3,353 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

State of Tennessee Department of Treasury trimmed its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 11.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,005 shares of the bank's stock after selling 3,353 shares during the period. State of Tennessee Department of Treasury's holdings in Wintrust Financial were worth $3,118,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Van Lanschot Kempen Investment Management N.V. boosted its stake in Wintrust Financial by 6.9% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 665,367 shares of the bank's stock valued at $82,978,000 after acquiring an additional 42,804 shares during the last quarter. MetLife Investment Management LLC increased its position in Wintrust Financial by 9.1% in the fourth quarter. MetLife Investment Management LLC now owns 37,454 shares of the bank's stock worth $4,671,000 after buying an additional 3,113 shares during the last quarter. Curi RMB Capital LLC bought a new stake in shares of Wintrust Financial in the fourth quarter valued at $5,146,000. First Trust Advisors LP grew its stake in shares of Wintrust Financial by 36.5% during the 4th quarter. First Trust Advisors LP now owns 1,263,837 shares of the bank's stock worth $157,613,000 after acquiring an additional 337,763 shares during the period. Finally, Alpha DNA Investment Management LLC increased its holdings in Wintrust Financial by 7.6% in the 4th quarter. Alpha DNA Investment Management LLC now owns 4,982 shares of the bank's stock worth $621,000 after acquiring an additional 353 shares during the last quarter. Institutional investors own 93.48% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Hovde Group lifted their target price on shares of Wintrust Financial from $107.00 to $115.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 23rd. 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. Stephens cut their price target on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Piper Sandler reiterated an "above average" rating on shares of Wintrust Financial in a research note on Wednesday, April 23rd. Finally, Raymond James set a $143.00 target price on Wintrust Financial and gave the stock a "strong-buy" rating in a research note on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $133.54.

Wintrust Financial Price Performance

Shares of NASDAQ WTFC traded up $2.75 during mid-day trading on Friday, reaching $115.38. 74,910 shares of the company were exchanged, compared to its average volume of 420,811. The stock has a market capitalization of $7.72 billion, a PE ratio of 11.19 and a beta of 0.94. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. Wintrust Financial Co. has a 52 week low of $89.10 and a 52 week high of $142.04. The company's 50 day moving average price is $109.60 and its 200 day moving average price is $121.69.

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 for the quarter, beating analysts' consensus estimates of $2.52 by $0.17. The company 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 12.60% and a net margin of 17.52%. During the same period last year, the firm posted $2.89 EPS. Sell-side analysts forecast that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors 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 of this dividend is Thursday, May 8th. Wintrust Financial's payout ratio is presently 19.78%.

Wintrust Financial 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.