American Trust Sells 949 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

American Trust decreased its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 21.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,436 shares of the bank’s stock after selling 949 shares during the period. American Trust’s holdings in Wintrust Financial were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Belpointe Asset Management LLC grew its holdings in Wintrust Financial by 106.2% in the first quarter. Belpointe Asset Management LLC now owns 365 shares of the bank’s stock worth $27,000 after purchasing an additional 188 shares during the last quarter. CWM LLC grew its holdings in Wintrust Financial by 192.7% in the first quarter. CWM LLC now owns 521 shares of the bank’s stock worth $38,000 after purchasing an additional 343 shares during the last quarter. Parallel Advisors LLC grew its holdings in Wintrust Financial by 113.2% in the first quarter. Parallel Advisors LLC now owns 580 shares of the bank’s stock worth $42,000 after purchasing an additional 308 shares during the last quarter. Coppell Advisory Solutions Corp. purchased a new position in Wintrust Financial in the fourth quarter worth $44,000. Finally, Quarry LP grew its holdings in Wintrust Financial by 36.1% in the first quarter. Quarry LP now owns 663 shares of the bank’s stock worth $48,000 after purchasing an additional 176 shares during the last quarter. Institutional investors own 92.00% of the company’s stock.

Analysts Set New Price Targets

WTFC has been the topic of several analyst reports. StockNews.com initiated coverage on shares of Wintrust Financial in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Raymond James boosted their price objective on shares of Wintrust Financial from $95.00 to $100.00 and gave the company a “strong-buy” rating in a report on Friday, July 21st. Truist Financial boosted their price objective on shares of Wintrust Financial from $80.00 to $92.00 and gave the company a “buy” rating in a report on Monday, July 24th. DA Davidson boosted their price objective on shares of Wintrust Financial from $82.00 to $96.00 in a report on Friday, July 21st. Finally, Stephens reissued an “overweight” rating and set a $90.00 price objective on shares of Wintrust Financial in a report on Thursday, July 20th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $94.60.

Wintrust Financial Price Performance

NASDAQ:WTFC opened at $77.41 on Friday. Wintrust Financial Co. has a one year low of $57.48 and a one year high of $97.81. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.98 and a current ratio of 0.99. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 8.05 and a beta of 1.22. The firm’s fifty day moving average is $79.79 and its two-hundred day moving average is $74.13.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Thursday, July 20th. The bank reported $2.38 EPS for the quarter, meeting the consensus estimate of $2.38. The company had revenue of $810.21 million for the quarter, compared to analyst estimates of $555.16 million. Wintrust Financial had a net margin of 22.24% and a return on equity of 13.96%. During the same period in the prior year, the company earned $1.49 earnings per share. Research analysts expect that Wintrust Financial Co. will post 9.94 EPS for the current year.

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.07%. Wintrust Financial’s dividend payout ratio (DPR) is currently 16.63%.

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.