Royce & Associates LP decreased its holdings in shares of Wintrust Financial Corporation (NASDAQ:WTFC - Free Report) by 46.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,410 shares of the bank's stock after selling 28,461 shares during the period. Royce & Associates LP's holdings in Wintrust Financial were worth $3,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Legato Capital Management LLC lifted its position in shares of Wintrust Financial by 20.2% during the 1st quarter. Legato Capital Management LLC now owns 14,370 shares of the bank's stock valued at $1,616,000 after buying an additional 2,415 shares in the last quarter. Vestor Capital LLC lifted its position in shares of Wintrust Financial by 2.5% during the 1st quarter. Vestor Capital LLC now owns 19,524 shares of the bank's stock valued at $2,196,000 after buying an additional 473 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Wintrust Financial in the 1st quarter valued at $6,278,000. Flynn Zito Capital Management LLC raised its stake in Wintrust Financial by 34.7% in the 1st quarter. Flynn Zito Capital Management LLC now owns 2,875 shares of the bank's stock valued at $323,000 after purchasing an additional 740 shares during the last quarter. Finally, HighPoint Advisor Group LLC raised its stake in Wintrust Financial by 4.3% in the 1st quarter. HighPoint Advisor Group LLC now owns 4,051 shares of the bank's stock valued at $458,000 after purchasing an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 93.48% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on WTFC shares. DA Davidson increased their price objective on Wintrust Financial from $135.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Wall Street Zen raised Wintrust Financial from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Piper Sandler reissued an "overweight" rating and issued a $160.00 price objective (up from $141.00) on shares of Wintrust Financial in a research note on Wednesday, July 23rd. Hovde Group increased their price objective on Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a research note on Wednesday, April 23rd. Finally, Royal Bank Of Canada set a $158.00 price objective on Wintrust Financial and gave the company an "outperform" rating in a research note on Wednesday. Three research 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 data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $145.77.

Read Our Latest Research Report on WTFC

Wintrust Financial Stock Down 0.5%

Shares of WTFC opened at $132.11 on Monday. Wintrust Financial Corporation has a 52-week low of $89.10 and a 52-week high of $142.04. The company has a market capitalization of $8.84 billion, a PE ratio of 12.50 and a beta of 0.82. The stock has a fifty day simple moving average of $124.88 and a two-hundred day simple moving average of $120.31. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.68.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its earnings results on Monday, July 21st. The bank reported $2.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.59 by $0.19. Wintrust Financial had a return on equity of 12.08% and a net margin of 18.06%. The business had revenue of $670.78 million during the quarter, compared to the consensus estimate of $661.43 million. During the same period last year, the company earned $2.32 EPS. As a group, equities analysts forecast that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, August 7th. Wintrust Financial's dividend payout ratio (DPR) is presently 18.92%.

About Wintrust Financial

(Free Report)

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.

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