Wintrust Financial Co. (NASDAQ:WTFC) Shares Sold by Trifecta Capital Advisors LLC

Trifecta Capital Advisors LLC lowered its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 60.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,229 shares of the bank’s stock after selling 1,842 shares during the quarter. Trifecta Capital Advisors LLC’s holdings in Wintrust Financial were worth $128,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS Group AG grew 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 buying an additional 12,243 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Wintrust Financial in the 3rd quarter worth approximately $285,000. Envestnet Asset Management Inc. raised its position in shares of Wintrust Financial by 37.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 119,038 shares of the bank’s stock worth $8,987,000 after buying an additional 32,368 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of Wintrust Financial in the 3rd quarter worth approximately $315,000. Finally, Natixis Advisors L.P. increased its stake in shares of Wintrust Financial by 10.9% during the third quarter. Natixis Advisors L.P. now owns 30,696 shares of the bank’s stock valued at $2,318,000 after acquiring an additional 3,006 shares during the period. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Up 3.0 %

WTFC stock traded up $2.86 during mid-day trading on Friday, hitting $98.56. The stock had a trading volume of 504,560 shares, compared to its average volume of 286,625. The company has a fifty day moving average of $97.66 and a 200 day moving average of $96.84. Wintrust Financial Co. has a 1-year low of $70.25 and a 1-year high of $105.29. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 10.19 and a beta of 1.19. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.78.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.47. The business had revenue of $604.77 million for the quarter, compared to the consensus estimate of $577.80 million. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.09%. Wintrust Financial’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.80 EPS. On average, equities analysts expect that Wintrust Financial Co. will post 10.13 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Wednesday, May 8th. Wintrust Financial’s dividend payout ratio is 18.61%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on WTFC shares. Royal Bank of Canada increased their price target on Wintrust Financial from $109.00 to $116.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th. StockNews.com upgraded shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 18th. Stephens reissued an “overweight” rating and issued a $110.00 price target on shares of Wintrust Financial in a report on Tuesday, April 16th. Wedbush reiterated an “outperform” rating and issued a $116.00 target price on shares of Wintrust Financial in a report on Thursday, April 18th. Finally, Jefferies Financial Group boosted their price target on shares of Wintrust Financial from $114.00 to $120.00 and gave the company a “buy” rating in a report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Wintrust Financial has an average rating of “Moderate Buy” and an average price target of $111.38.

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.