Allspring Global Investments Holdings LLC Grows Position in Wintrust Financial Corporation $WTFC

Allspring Global Investments Holdings LLC raised its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 200,710 shares of the bank’s stock after buying an additional 8,758 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.30% of Wintrust Financial worth $26,413,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in WTFC. Advisors Asset Management Inc. bought a new position in Wintrust Financial during the 1st quarter valued at approximately $27,000. Millennium Management LLC lifted its holdings in shares of Wintrust Financial by 539.2% during the 1st quarter. Millennium Management LLC now owns 594,711 shares of the bank’s stock valued at $66,881,000 after buying an additional 501,669 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Wintrust Financial during the 1st quarter valued at about $1,208,000. Jones Financial Companies Lllp lifted its stake in shares of Wintrust Financial by 49.0% in the 1st quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock worth $115,000 after purchasing an additional 335 shares during the period. Finally, United Services Automobile Association bought a new stake in Wintrust Financial during the first quarter valued at approximately $478,000. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on WTFC shares. TD Cowen initiated coverage on Wintrust Financial in a research report on Thursday, September 25th. They set a “buy” rating and a $166.00 target price on the stock. Piper Sandler reissued an “overweight” rating and set a $161.00 target price (up previously from $160.00) on shares of Wintrust Financial in a research note on Wednesday, October 22nd. Barclays boosted their price target on shares of Wintrust Financial from $175.00 to $178.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. Cowen reiterated a “buy” rating on shares of Wintrust Financial in a research report on Wednesday, October 22nd. Finally, DA Davidson reissued a “buy” rating and issued a $158.00 price objective on shares of Wintrust Financial in a research note on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $154.00.

Wintrust Financial Stock Up 2.0%

Shares of NASDAQ WTFC opened at $142.66 on Friday. Wintrust Financial Corporation has a 52-week low of $89.10 and a 52-week high of $144.70. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a 50 day moving average price of $135.16 and a 200 day moving average price of $132.09. The firm has a market capitalization of $9.55 billion, a price-to-earnings ratio of 13.11 and a beta of 0.88.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Thursday, November 6th. The bank reported $3.06 earnings per share for the quarter. Wintrust Financial had a return on equity of 12.82% and a net margin of 18.85%.The firm had revenue of $1.26 billion during the quarter. Sell-side analysts expect that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th were issued a $0.50 dividend. The ex-dividend date was Thursday, November 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.4%. Wintrust Financial’s dividend payout ratio (DPR) is currently 18.38%.

Wintrust Financial Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.