Wintrust Financial Co. (NASDAQ:WTFC) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC decreased its stake in shares of Wintrust Financial Co. (NASDAQ:WTFCFree Report) by 43.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 333 shares of the bank’s stock after selling 256 shares during the period. Parallel Advisors LLC’s holdings in Wintrust Financial were worth $31,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of WTFC. Johnson Financial Group Inc. bought a new position in Wintrust Financial during the 4th quarter worth approximately $25,000. Quent Capital LLC lifted its stake in Wintrust Financial by 120.8% during the fourth quarter. Quent Capital LLC now owns 351 shares of the bank’s stock worth $33,000 after purchasing an additional 192 shares during the last quarter. GAMMA Investing LLC acquired a new position in Wintrust Financial in the fourth quarter worth $41,000. McGlone Suttner Wealth Management Inc. bought a new stake in Wintrust Financial during the fourth quarter valued at $46,000. Finally, Huntington National Bank raised its holdings in shares of Wintrust Financial by 30.6% during the third quarter. Huntington National Bank now owns 725 shares of the bank’s stock worth $55,000 after purchasing an additional 170 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Stock Performance

WTFC opened at $95.43 on Friday. The business has a 50 day moving average price of $98.90 and a two-hundred day moving average price of $96.06. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.98 and a quick ratio of 0.97. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 9.87 and a beta of 1.19. Wintrust Financial Co. has a 1-year low of $67.61 and a 1-year high of $105.29.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.47. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. 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 prior year, the firm posted $2.80 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. Research analysts predict that Wintrust Financial Co. will post 10.14 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 9th were issued a $0.45 dividend. The ex-dividend date was Wednesday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.89%. Wintrust Financial’s payout ratio is currently 18.61%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WTFC. Stephens reaffirmed an “overweight” rating and set a $110.00 price objective on shares of Wintrust Financial in a research report on Tuesday, April 16th. Barclays cut their price target on Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Citigroup lowered their price objective on Wintrust Financial from $115.00 to $113.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Wedbush reiterated an “outperform” rating and issued a $116.00 target price on shares of Wintrust Financial in a research note on Thursday, April 18th. Finally, Truist Financial lowered their price target on shares of Wintrust Financial from $117.00 to $112.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $112.33.

View Our Latest Stock Report on Wintrust Financial

Wintrust Financial Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Wintrust Financial (NASDAQ:WTFC)

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