Cwm LLC Buys 902 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Cwm LLC increased its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 387.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,135 shares of the bank’s stock after acquiring an additional 902 shares during the period. Cwm LLC’s holdings in Wintrust Financial were worth $123,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Park Avenue Securities LLC boosted its position in Wintrust Financial by 17.8% during the first quarter. Park Avenue Securities LLC now owns 6,620 shares of the bank’s stock worth $691,000 after purchasing an additional 998 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Wintrust Financial by 8.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,234 shares of the bank’s stock worth $651,000 after buying an additional 498 shares during the period. Oliver Luxxe Assets LLC grew its stake in Wintrust Financial by 1.7% in the 1st quarter. Oliver Luxxe Assets LLC now owns 9,290 shares of the bank’s stock valued at $970,000 after buying an additional 157 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Wintrust Financial by 157.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 190,416 shares of the bank’s stock valued at $19,878,000 after buying an additional 116,503 shares during the last quarter. Finally, State of Michigan Retirement System raised its holdings in Wintrust Financial by 2.7% in the 1st quarter. State of Michigan Retirement System now owns 15,063 shares of the bank’s stock worth $1,572,000 after acquiring an additional 400 shares during the period. 93.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on WTFC. DA Davidson upped their price target on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday. Royal Bank of Canada increased their target price on Wintrust Financial from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Tuesday, July 9th. Keefe, Bruyette & Woods downgraded Wintrust Financial from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $110.00 to $115.00 in a research report on Friday, July 19th. Raymond James increased their price objective on Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a research report on Wednesday. Finally, Truist Financial raised their price objective on shares of Wintrust Financial from $123.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday. Three 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.00.

Wintrust Financial Trading Down 1.0 %

Shares of WTFC stock opened at $113.02 on Friday. The firm has a fifty day moving average of $107.69 and a 200-day moving average of $102.32. The stock has a market cap of $6.98 billion, a price-to-earnings ratio of 11.69 and a beta of 1.16. Wintrust Financial Co. has a 52-week low of $72.14 and a 52-week high of $117.77. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.99 and a current ratio of 1.02.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by ($0.03). Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The business had revenue of $615.73 million during the quarter, compared to analyst estimates of $623.45 million. During the same period last year, the company earned $2.53 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities research analysts forecast that Wintrust Financial Co. will post 10.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, CFO David L. Stoehr sold 1,607 shares of Wintrust Financial stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total transaction of $182,330.22. Following the completion of the transaction, the chief financial officer now directly owns 14,874 shares of the company’s stock, valued at approximately $1,687,604.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.47% of the company’s stock.

Wintrust Financial 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.