Silvercrest Asset Management Group LLC Increases Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Silvercrest Asset Management Group LLC increased its position in Wintrust Financial Co. (NASDAQ:WTFC) by 21.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 101,944 shares of the bank’s stock after acquiring an additional 17,805 shares during the quarter. Silvercrest Asset Management Group LLC owned about 0.15% of Wintrust Financial worth $12,713,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Millstone Evans Group LLC purchased a new position in Wintrust Financial during the 4th quarter valued at about $43,000. Global Retirement Partners LLC grew its holdings in Wintrust Financial by 63.5% during the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank’s stock valued at $47,000 after buying an additional 146 shares in the last quarter. Quarry LP purchased a new position in Wintrust Financial during the 4th quarter valued at about $78,000. UMB Bank n.a. grew its holdings in Wintrust Financial by 32.2% during the 4th quarter. UMB Bank n.a. now owns 677 shares of the bank’s stock valued at $84,000 after buying an additional 165 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in Wintrust Financial by 920.9% during the 4th quarter. Jones Financial Companies Lllp now owns 684 shares of the bank’s stock valued at $85,000 after buying an additional 617 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Barclays lifted their target price on Wintrust Financial from $138.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, April 23rd. Piper Sandler reaffirmed an “above average” rating on shares of Wintrust Financial in a report on Wednesday, April 23rd. DA Davidson dropped their price target on Wintrust Financial from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Royal Bank of Canada dropped their price target on Wintrust Financial from $152.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Finally, Truist Financial dropped their price target on Wintrust Financial from $150.00 to $137.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $133.54.

Wintrust Financial Stock Up 0.0%

Shares of WTFC opened at $122.30 on Friday. The firm has a market cap of $8.19 billion, a P/E ratio of 11.86 and a beta of 0.81. The stock has a 50 day simple moving average of $109.89 and a two-hundred day simple moving average of $122.02. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00. Wintrust Financial Co. has a 1 year low of $89.10 and a 1 year high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, April 21st. The bank reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.17. The business had revenue of $643.11 million during the quarter, compared to analyst estimates of $643.11 million. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same quarter in the prior year, the firm earned $2.89 earnings per share. On average, analysts forecast that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, May 8th. Wintrust Financial’s dividend payout ratio is currently 19.78%.

About Wintrust Financial

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.