Clark Capital Management Group Inc. Has $5.72 Million Stock Holdings in Wintrust Financial Corporation $WTFC

Clark Capital Management Group Inc. lessened its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 19.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,835 shares of the bank’s stock after selling 12,337 shares during the period. Clark Capital Management Group Inc. owned 0.08% of Wintrust Financial worth $5,717,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Park Place Capital Corp grew its holdings in Wintrust Financial by 1,264.7% during the first quarter. Park Place Capital Corp now owns 232 shares of the bank’s stock valued at $26,000 after purchasing an additional 215 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of Wintrust Financial in the first quarter worth $27,000. AlphaQuest LLC acquired a new stake in shares of Wintrust Financial in the first quarter worth $33,000. Wayfinding Financial LLC acquired a new stake in shares of Wintrust Financial in the first quarter worth $36,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Wintrust Financial in the first quarter worth $38,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Truist Financial raised their price objective on shares of Wintrust Financial from $137.00 to $151.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. DA Davidson raised their price objective on shares of Wintrust Financial from $135.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Wall Street Zen upgraded shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Jefferies Financial Group raised their price objective on shares of Wintrust Financial from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Piper Sandler restated an “overweight” rating and issued a $160.00 price objective (up previously from $141.00) on shares of Wintrust Financial in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $147.31.

Insiders Place Their Bets

In other Wintrust Financial news, COO David A. Dykstra sold 14,942 shares of Wintrust Financial stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $131.53, for a total transaction of $1,965,321.26. Following the completion of the transaction, the chief operating officer directly owned 182,208 shares of the company’s stock, valued at approximately $23,965,818.24. This trade represents a 7.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward J. Wehmer acquired 3,919 shares of the business’s stock in a transaction on Friday, July 25th. The shares were bought at an average cost of $26.35 per share, with a total value of $103,265.65. Following the completion of the acquisition, the insider owned 3,919 shares of the company’s stock, valued at approximately $103,265.65. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 1.01% of the stock is currently owned by company insiders.

Wintrust Financial Stock Up 2.2%

Shares of WTFC stock opened at $139.81 on Friday. The stock has a market cap of $9.36 billion, a P/E ratio of 13.23 and a beta of 0.87. Wintrust Financial Corporation has a one year low of $89.10 and a one year high of $142.04. The stock has a fifty day moving average price of $130.79 and a 200 day moving average price of $120.34. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.01.

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

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.4%. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.92%.

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.