Envestnet Portfolio Solutions Inc. Sells 906 Shares of Wintrust Financial Corporation (NASDAQ:WTFC)

Envestnet Portfolio Solutions Inc. trimmed its holdings in Wintrust Financial Corporation (NASDAQ:WTFC) by 16.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,626 shares of the bank’s stock after selling 906 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Wintrust Financial were worth $520,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. CHICAGO TRUST Co NA grew its position in shares of Wintrust Financial by 0.5% during the 1st quarter. CHICAGO TRUST Co NA now owns 19,896 shares of the bank’s stock valued at $2,238,000 after purchasing an additional 100 shares in the last quarter. Gitterman Wealth Management LLC raised its stake in shares of Wintrust Financial by 5.0% during the fourth quarter. Gitterman Wealth Management LLC now owns 2,373 shares of the bank’s stock valued at $296,000 after acquiring an additional 113 shares during the last quarter. Huntington National Bank increased its position in shares of Wintrust Financial by 3.3% during the fourth quarter. Huntington National Bank now owns 3,971 shares of the bank’s stock valued at $495,000 after buying an additional 127 shares during the period. Quadrant Capital Group LLC increased its position in shares of Wintrust Financial by 3.9% during the fourth quarter. Quadrant Capital Group LLC now owns 3,599 shares of the bank’s stock valued at $449,000 after buying an additional 134 shares during the period. Finally, Global Retirement Partners LLC increased its position 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 buying an additional 146 shares during the period. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Wintrust Financial Price Performance

WTFC stock opened at $124.21 on Friday. Wintrust Financial Corporation has a 12 month low of $89.10 and a 12 month high of $142.04. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average price of $117.62 and a 200 day moving average price of $119.84. The stock has a market cap of $8.31 billion, a PE ratio of 12.29 and a beta of 0.82.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Monday, April 21st. The bank reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.17. The company had revenue of $643.11 million during the quarter, compared to analysts’ expectations of $643.11 million. Wintrust Financial had a net margin of 17.32% and a return on equity of 12.00%. During the same period in the previous year, the company earned $2.89 EPS. Equities research analysts anticipate that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $2.00 annualized dividend and a dividend yield of 1.61%. Wintrust Financial’s payout ratio is presently 19.78%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WTFC. Hovde Group upped their price objective on shares of Wintrust Financial from $107.00 to $115.00 and gave the stock a “market perform” rating in a report on Wednesday, April 23rd. Wall Street Zen upgraded shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, April 29th. Stephens dropped their price target on shares of Wintrust Financial from $145.00 to $132.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 23rd. Truist Financial decreased their price objective on shares of Wintrust Financial from $150.00 to $137.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Raymond James Financial set a $143.00 price target on shares of Wintrust Financial and gave the company a “strong-buy” rating in a report on Wednesday, April 23rd. Three investment 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.77.

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.