Wintrust Financial Co. (NASDAQ:WTFC) Shares Bought by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. raised its position in Wintrust Financial Co. (NASDAQ:WTFC) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 188,283 shares of the bank’s stock after buying an additional 2,058 shares during the period. Westwood Holdings Group Inc. owned about 0.30% of Wintrust Financial worth $18,557,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sei Investments Co. boosted its holdings in shares of Wintrust Financial by 25.2% during the 2nd quarter. Sei Investments Co. now owns 148,151 shares of the bank’s stock worth $14,602,000 after purchasing an additional 29,839 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Wintrust Financial during the 2nd quarter worth approximately $446,000. Inspire Investing LLC boosted its holdings in shares of Wintrust Financial by 4.4% during the 2nd quarter. Inspire Investing LLC now owns 3,574 shares of the bank’s stock worth $352,000 after purchasing an additional 151 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Wintrust Financial during the 2nd quarter worth approximately $265,000. Finally, Hsbc Holdings PLC boosted its holdings in shares of Wintrust Financial by 910.1% during the 2nd quarter. Hsbc Holdings PLC now owns 20,181 shares of the bank’s stock worth $1,976,000 after purchasing an additional 18,183 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on WTFC shares. Piper Sandler boosted their target price on Wintrust Financial from $113.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Truist Financial upped their price objective on Wintrust Financial from $118.00 to $123.00 and gave the company a “buy” rating in a report on Friday. DA Davidson upped their price objective on Wintrust Financial from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, July 19th. Hovde Group reiterated a “market perform” rating and issued a $100.00 price objective on shares of Wintrust Financial in a report on Friday, June 21st. Finally, Keefe, Bruyette & Woods cut Wintrust Financial from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $110.00 to $115.00 in a report on Friday, July 19th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $118.23.

Wintrust Financial Stock Down 1.8 %

Wintrust Financial stock opened at $108.26 on Friday. Wintrust Financial Co. has a twelve month low of $71.86 and a twelve month high of $113.68. The stock’s fifty day simple moving average is $104.83 and its 200-day simple moving average is $100.60. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $6.69 billion, a P/E ratio of 11.20 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Wednesday, July 17th. The bank reported $2.32 earnings per share for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.10). Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The company had revenue of $591.76 million for the quarter, compared to analysts’ expectations of $587.33 million. During the same period in the prior year, the company posted $2.38 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. As a group, equities analysts expect that Wintrust Financial Co. will post 10.11 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Thursday, August 8th. Wintrust Financial’s dividend payout ratio is currently 18.61%.

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.