Wintrust Financial Co. (NASDAQ:WTFC) Stock Position Cut by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 5.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 244,174 shares of the bank’s stock after selling 14,761 shares during the period. New York State Common Retirement Fund owned 0.40% of Wintrust Financial worth $22,647,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in shares of Wintrust Financial by 2,131.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 73,913 shares of the bank’s stock valued at $6,855,000 after purchasing an additional 70,601 shares in the last quarter. UBS Group AG boosted its position in shares of Wintrust Financial by 61.3% during the 3rd quarter. UBS Group AG now owns 32,210 shares of the bank’s stock valued at $2,432,000 after purchasing an additional 12,243 shares in the last quarter. abrdn plc boosted its position in shares of Wintrust Financial by 24.6% during the 3rd quarter. abrdn plc now owns 344,631 shares of the bank’s stock valued at $26,020,000 after purchasing an additional 68,042 shares in the last quarter. Boston Partners boosted its position in shares of Wintrust Financial by 13.4% during the 3rd quarter. Boston Partners now owns 644,050 shares of the bank’s stock valued at $48,549,000 after purchasing an additional 75,994 shares in the last quarter. Finally, Oliver Luxxe Assets LLC bought a new position in shares of Wintrust Financial during the 3rd quarter valued at about $476,000. Institutional investors own 93.48% of the company’s stock.

Insider Transactions at Wintrust Financial

In related news, EVP Jeffrey D. Hahnfeld sold 588 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total transaction of $57,553.44. Following the transaction, the executive vice president now owns 3,410 shares of the company’s stock, valued at $333,770.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Edward J. Wehmer sold 9,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the transaction, the insider now owns 177,124 shares of the company’s stock, valued at $17,599,040.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total transaction of $57,553.44. Following the transaction, the executive vice president now directly owns 3,410 shares in the company, valued at approximately $333,770.80. The disclosure for this sale can be found here. Insiders sold 10,309 shares of company stock valued at $1,023,730 over the last three months. 1.47% of the stock is owned by corporate insiders.

Wintrust Financial Price Performance

NASDAQ WTFC opened at $99.01 on Friday. The company has a 50 day simple moving average of $98.56 and a 200-day simple moving average of $91.62. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.98 and a quick ratio of 0.97. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 10.24 and a beta of 1.21. Wintrust Financial Co. has a 52-week low of $58.12 and a 52-week high of $105.29.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.47. The business had revenue of $604.77 million during the quarter, compared to analyst estimates of $577.80 million. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.09%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.80 earnings per share. Equities research analysts predict that Wintrust Financial Co. will post 10.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WTFC has been the subject of several research reports. UBS Group raised their price objective on shares of Wintrust Financial from $105.00 to $113.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Truist Financial reduced their price objective on shares of Wintrust Financial from $117.00 to $112.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Keefe, Bruyette & Woods upped their price objective on shares of Wintrust Financial from $103.00 to $106.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. Jefferies Financial Group upped their price objective on shares of Wintrust Financial from $114.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, Wedbush reaffirmed an “outperform” rating and set a $116.00 price objective on shares of Wintrust Financial in a research note on Thursday, April 18th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $112.33.

Wintrust Financial Company 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.