Yousif Capital Management LLC Reduces Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Yousif Capital Management LLC lowered its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 2.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,848 shares of the bank’s stock after selling 484 shares during the quarter. Yousif Capital Management LLC’s holdings in Wintrust Financial were worth $2,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Millstone Evans Group LLC bought a new stake in shares of Wintrust Financial in the 4th quarter worth approximately $43,000. Global Retirement Partners LLC grew its holdings in shares of Wintrust Financial by 63.5% in the fourth quarter. Global Retirement Partners LLC now owns 376 shares of the bank’s stock worth $47,000 after acquiring an additional 146 shares during the period. Parallel Advisors LLC grew its stake in shares of Wintrust Financial by 33.9% during the 1st quarter. Parallel Advisors LLC now owns 593 shares of the bank’s stock valued at $67,000 after purchasing an additional 150 shares during the period. Quarry LP purchased a new stake in Wintrust Financial during the fourth quarter valued at approximately $78,000. Finally, Jones Financial Companies Lllp raised its holdings in Wintrust Financial by 920.9% in the 4th quarter. Jones Financial Companies Lllp now owns 684 shares of the bank’s stock worth $85,000 after purchasing an additional 617 shares during the period. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $117.99 on Friday. Wintrust Financial Co. has a 12-month low of $89.10 and a 12-month high of $142.04. The business’s fifty day simple moving average is $114.09 and its 200-day simple moving average is $120.74. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The company has a market cap of $7.90 billion, a PE ratio of 11.44 and a beta of 0.82.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Monday, April 21st. The bank reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.17. The business had revenue of $643.11 million for the quarter, compared to analyst estimates of $643.11 million. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same quarter in the prior year, the business posted $2.89 EPS. Analysts expect that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Thursday, May 8th. Wintrust Financial’s dividend payout ratio is presently 19.78%.

Analyst Upgrades and Downgrades

WTFC has been the topic of a number of analyst reports. Barclays lifted their target price 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. Jefferies Financial Group set a $145.00 price objective on Wintrust Financial and gave the company a “buy” rating in a research report on Wednesday, May 21st. Truist Financial cut their price target on shares of Wintrust Financial from $150.00 to $137.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Raymond James set a $143.00 target price on Wintrust Financial and gave the stock a “strong-buy” rating in a research report on Wednesday, April 23rd. Finally, Wall Street Zen raised Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, April 29th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Wintrust Financial currently has an average rating of “Moderate Buy” and a consensus price target of $135.77.

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.