5,042 Shares in Wintrust Financial Co. (NASDAQ:WTFC) Acquired by Simplicity Wealth LLC

Simplicity Wealth LLC purchased a new position in shares of Wintrust Financial Co. (NASDAQ:WTFC) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,042 shares of the bank’s stock, valued at approximately $567,000.

A number of other large investors also recently modified their holdings of the business. Louisiana State Employees Retirement System lifted its holdings in shares of Wintrust Financial by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the bank’s stock worth $2,307,000 after buying an additional 100 shares during the last quarter. CHICAGO TRUST Co NA lifted its holdings in shares of Wintrust Financial by 0.5% during the first quarter. CHICAGO TRUST Co NA now owns 19,896 shares of the bank’s stock worth $2,238,000 after buying an additional 100 shares during the last quarter. Gitterman Wealth Management LLC lifted its holdings 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 worth $296,000 after buying an additional 113 shares during the last quarter. Huntington National Bank lifted its holdings 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 worth $495,000 after buying an additional 127 shares during the last quarter. Finally, Access Investment Management LLC lifted its holdings in shares of Wintrust Financial by 0.7% during the fourth quarter. Access Investment Management LLC now owns 17,855 shares of the bank’s stock worth $2,227,000 after buying an additional 130 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on WTFC shares. Jefferies Financial Group set a $145.00 price target on Wintrust Financial and gave the stock a “buy” rating in a report on Wednesday, May 21st. Barclays upped their price target on Wintrust Financial from $138.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, April 23rd. Stephens lowered their price objective on Wintrust Financial from $145.00 to $132.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. Piper Sandler restated an “above average” rating on shares of Wintrust Financial in a research report on Wednesday, April 23rd. Finally, Hovde Group boosted their price objective on Wintrust Financial from $107.00 to $115.00 and gave the company a “market perform” rating in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $135.77.

Wintrust Financial Stock Performance

Shares of NASDAQ:WTFC opened at $120.98 on Thursday. The business’s fifty day moving average price is $113.15 and its two-hundred day moving average price is $121.13. Wintrust Financial Co. has a fifty-two week low of $89.10 and a fifty-two week high of $142.04. The stock has a market capitalization of $8.10 billion, a price-to-earnings ratio of 11.73 and a beta of 0.82. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Monday, April 21st. The bank reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.17. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. The firm had revenue of $643.11 million for the quarter, compared to analysts’ expectations of $643.11 million. During the same period in the prior year, the business posted $2.89 earnings per share. As a group, analysts predict that Wintrust Financial Co. will post 10.36 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Thursday, May 8th. Wintrust Financial’s dividend payout ratio (DPR) is 19.78%.

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.