Wintrust Financial Corporation $WTFC Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 2.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 585,064 shares of the bank’s stock after selling 12,705 shares during the period. Federated Hermes Inc. owned about 0.87% of Wintrust Financial worth $77,486,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. EFG Asset Management North America Corp. boosted its stake in shares of Wintrust Financial by 1.3% during the 3rd quarter. EFG Asset Management North America Corp. now owns 28,324 shares of the bank’s stock worth $3,749,000 after acquiring an additional 369 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Wintrust Financial by 8.9% during the third quarter. Jennison Associates LLC now owns 1,020,660 shares of the bank’s stock valued at $135,176,000 after purchasing an additional 83,826 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Wintrust Financial by 3.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 16,926 shares of the bank’s stock valued at $2,242,000 after purchasing an additional 570 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Wintrust Financial by 1.4% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 56,826 shares of the bank’s stock valued at $7,526,000 after purchasing an additional 785 shares during the period. Finally, Vest Financial LLC raised its holdings in Wintrust Financial by 10.0% during the 3rd quarter. Vest Financial LLC now owns 123,509 shares of the bank’s stock worth $16,358,000 after buying an additional 11,273 shares during the period. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Trading Down 0.1%

Shares of NASDAQ:WTFC opened at $145.26 on Thursday. The firm has a fifty day moving average of $141.50 and a two-hundred day moving average of $134.57. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. Wintrust Financial Corporation has a 12-month low of $89.10 and a 12-month high of $155.99. The firm has a market capitalization of $9.73 billion, a P/E ratio of 12.74 and a beta of 0.88.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Tuesday, January 20th. The bank reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.22. The business had revenue of $586.67 million during the quarter, compared to analyst estimates of $700.85 million. Wintrust Financial had a return on equity of 12.95% and a net margin of 19.48%.During the same period last year, the company earned $2.63 earnings per share. On average, equities analysts expect that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th will be issued a dividend of $0.55 per share. The ex-dividend date is Thursday, February 5th. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.50. Wintrust Financial’s dividend payout ratio is presently 17.54%.

Analyst Upgrades and Downgrades

WTFC has been the subject of several recent analyst reports. Barclays raised their target price on shares of Wintrust Financial from $178.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. Truist Financial raised their price objective on shares of Wintrust Financial from $158.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday. Weiss Ratings reissued a “buy (b-)” rating on shares of Wintrust Financial in a research note on Wednesday, January 21st. Jefferies Financial Group reduced their target price on Wintrust Financial from $165.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. Finally, TD Cowen lifted their price target on Wintrust Financial from $170.00 to $177.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.42.

About Wintrust Financial

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.