Wintrust Financial Corporation $WTFC Shares Sold by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC decreased its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 46.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 11,375 shares of the bank’s stock after selling 9,950 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Wintrust Financial were worth $1,828,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. F m Investments LLC boosted its position in Wintrust Financial by 61.6% during the fourth quarter. F m Investments LLC now owns 70,857 shares of the bank’s stock worth $9,907,000 after acquiring an additional 27,013 shares during the last quarter. Westfield Capital Management Co. LP raised its holdings in Wintrust Financial by 22.5% in the 4th quarter. Westfield Capital Management Co. LP now owns 559,762 shares of the bank’s stock valued at $78,266,000 after acquiring an additional 102,798 shares during the last quarter. Artemis Investment Management LLP acquired a new stake in shares of Wintrust Financial during the fourth quarter worth $59,287,000. Horizon Investments LLC grew its position in shares of Wintrust Financial by 79.8% in the fourth quarter. Horizon Investments LLC now owns 33,287 shares of the bank’s stock valued at $4,654,000 after purchasing an additional 14,776 shares during the period. Finally, Fifth Third Bancorp grew its position in shares of Wintrust Financial by 150.3% in the first quarter. Fifth Third Bancorp now owns 54,210 shares of the bank’s stock valued at $7,532,000 after purchasing an additional 32,555 shares during the period. 93.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WTFC. Piper Sandler set a $186.00 target price on Wintrust Financial in a research report on Wednesday, July 22nd. TD Cowen lowered their price target on Wintrust Financial from $184.00 to $183.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Truist Financial increased their price objective on shares of Wintrust Financial from $170.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Capital One Financial set a $170.00 target price on shares of Wintrust Financial in a report on Tuesday, July 21st. Finally, Raymond James Financial assumed coverage on shares of Wintrust Financial in a research report on Tuesday, July 7th. They set an “outperform” rating and a $180.00 price target for the company. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $177.77.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $158.75 on Monday. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. Wintrust Financial Corporation has a fifty-two week low of $119.61 and a fifty-two week high of $167.21. The firm’s 50 day moving average price is $158.58 and its two-hundred day moving average price is $150.55. The stock has a market cap of $10.71 billion, a price-to-earnings ratio of 12.75 and a beta of 0.85.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, July 20th. The bank reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.15. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The business had revenue of $738.63 million for the quarter, compared to the consensus estimate of $735.36 million. During the same quarter last year, the firm posted $2.78 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, analysts anticipate that Wintrust Financial Corporation will post 13.04 EPS for the current year.

Wintrust Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be given a $0.55 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. Wintrust Financial’s dividend payout ratio is presently 17.67%.

Wintrust Financial Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.