KBC Group NV Buys 43,065 Shares of Wintrust Financial Corporation $WTFC

KBC Group NV boosted its stake in Wintrust Financial Corporation (NASDAQ:WTFC) by 2,145.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,072 shares of the bank’s stock after purchasing an additional 43,065 shares during the quarter. KBC Group NV’s holdings in Wintrust Financial were worth $6,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of WTFC. Advisors Asset Management Inc. bought a new position in shares of Wintrust Financial in the 1st quarter worth $27,000. Jones Financial Companies Lllp lifted its holdings in shares of Wintrust Financial by 49.0% during the 1st quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock worth $115,000 after acquiring an additional 335 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Wintrust Financial by 7.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank’s stock worth $20,179,000 after acquiring an additional 12,103 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Wintrust Financial by 400.0% in the second quarter. EverSource Wealth Advisors LLC now owns 400 shares of the bank’s stock worth $50,000 after acquiring an additional 320 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in Wintrust Financial by 1.6% in the second quarter. Cerity Partners LLC now owns 23,120 shares of the bank’s stock valued at $2,866,000 after acquiring an additional 355 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on WTFC. Truist Financial raised their price target on Wintrust Financial from $170.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, July 10th. TD Cowen reduced their price objective on Wintrust Financial from $184.00 to $183.00 and set a “buy” rating on the stock in a research report on Wednesday. Raymond James Financial started coverage on Wintrust Financial in a report on Tuesday, July 7th. They set an “outperform” rating and a $180.00 price objective on the stock. Brean Capital downgraded Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 target price for the company. in a research report on Tuesday. Finally, DA Davidson increased their price target on shares of Wintrust Financial from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Wintrust Financial has a consensus rating of “Moderate Buy” and a consensus price target of $177.77.

Wintrust Financial Stock Performance

Wintrust Financial stock opened at $157.77 on Friday. The firm has a fifty day simple moving average of $156.16 and a two-hundred day simple moving average of $149.43. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. Wintrust Financial Corporation has a twelve month low of $119.61 and a twelve month high of $167.21. The company has a market capitalization of $10.64 billion, a PE ratio of 12.67 and a beta of 0.84.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, July 20th. The bank reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.15. The firm had revenue of $738.63 million for the quarter, compared to analysts’ expectations of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the firm earned $2.78 earnings per share. Research analysts expect that Wintrust Financial Corporation will post 13.03 EPS for the current year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, August 6th. Wintrust Financial’s dividend payout ratio (DPR) is presently 17.67%.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, Director Suzet M. Mckinney sold 500 shares of Wintrust Financial stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $148.96, for a total value of $74,480.00. Following the transaction, the director directly owned 3,303 shares of the company’s stock, valued at $492,014.88. The trade was a 13.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO David A. Dykstra sold 9,579 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $148.82, for a total value of $1,425,546.78. Following the completion of the sale, the chief operating officer owned 179,810 shares of the company’s stock, valued at $26,759,324.20. The trade was a 5.06% decrease in their position. The SEC filing for this sale provides additional information. 1.24% of the stock is owned by company insiders.

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.