Allspring Global Investments Holdings LLC lifted its position in shares of Wintrust Financial Co. (NASDAQ:WTFC - Free Report) by 7.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 203,285 shares of the bank's stock after buying an additional 14,699 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.33% of Wintrust Financial worth $22,063,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in Wintrust Financial by 84.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the bank's stock valued at $533,000 after purchasing an additional 2,623 shares in the last quarter. Park Avenue Securities LLC increased its stake in Wintrust Financial by 17.8% during the 1st quarter. Park Avenue Securities LLC now owns 6,620 shares of the bank's stock valued at $691,000 after purchasing an additional 998 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Wintrust Financial by 8.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,234 shares of the bank's stock worth $651,000 after buying an additional 498 shares during the last quarter. Oliver Luxxe Assets LLC raised its holdings in Wintrust Financial by 1.7% during the first quarter. Oliver Luxxe Assets LLC now owns 9,290 shares of the bank's stock worth $970,000 after buying an additional 157 shares during the last quarter. Finally, State of Michigan Retirement System lifted its stake in shares of Wintrust Financial by 2.7% in the first quarter. State of Michigan Retirement System now owns 15,063 shares of the bank's stock valued at $1,572,000 after buying an additional 400 shares in the last quarter. Institutional investors own 93.48% of the company's stock.
Wintrust Financial Price Performance
Shares of WTFC stock traded down $1.15 during trading hours on Friday, reaching $113.02. The stock had a trading volume of 305,265 shares, compared to its average volume of 383,999. The stock's fifty day simple moving average is $107.44 and its 200 day simple moving average is $102.24. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $7.52 billion, a PE ratio of 11.95 and a beta of 1.16. Wintrust Financial Co. has a 12 month low of $72.14 and a 12 month high of $117.77.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing the consensus estimate of $2.50 by ($0.03). The firm had revenue of $615.73 million during the quarter, compared to the consensus estimate of $623.45 million. Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The company's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.53 EPS. On average, equities research analysts predict that Wintrust Financial Co. will post 10.11 EPS for the current year.
Analyst Upgrades and Downgrades
WTFC has been the topic of a number of analyst reports. Truist Financial upped their target price on shares of Wintrust Financial from $123.00 to $127.00 and gave the stock a "buy" rating in a report on Wednesday. Keefe, Bruyette & Woods lowered Wintrust Financial from an "outperform" rating to a "market perform" rating and raised their target price for the company from $110.00 to $115.00 in a report on Friday, July 19th. Raymond James upped their target price on shares of Wintrust Financial from $125.00 to $135.00 and gave the stock a "strong-buy" rating in a research note on Wednesday. Citigroup upped their target price on Wintrust Financial from $126.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Piper Sandler lifted their target price on Wintrust Financial from $131.00 to $136.00 and gave the stock an "overweight" rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Wintrust Financial presently has an average rating of "Moderate Buy" and a consensus target price of $123.00.
Check Out Our Latest Analysis on WTFC
Wintrust Financial Profile
(
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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