Wintrust Financial Co. (NASDAQ:WTFC) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 7.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 203,285 shares of the bank’s stock after acquiring an additional 14,699 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Wintrust Financial were worth $22,063,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in WTFC. Vanguard Group Inc. boosted its holdings in shares of Wintrust Financial by 3.9% during the first quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock worth $673,603,000 after purchasing an additional 244,168 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Wintrust Financial by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank’s stock valued at $297,376,000 after acquiring an additional 146,090 shares during the last quarter. F M Investments LLC acquired a new position in Wintrust Financial in the second quarter valued at $11,850,000. Van Lanschot Kempen Investment Management N.V. boosted its holdings in Wintrust Financial by 15.5% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 630,824 shares of the bank’s stock valued at $62,174,000 after acquiring an additional 84,687 shares during the last quarter. Finally, Capital International Investors boosted its holdings in Wintrust Financial by 4.6% in the first quarter. Capital International Investors now owns 1,638,085 shares of the bank’s stock valued at $171,000,000 after acquiring an additional 72,082 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wall Street Analysts Forecast Growth

WTFC has been the topic of a number of research analyst reports. Jefferies Financial Group reduced their target price on Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Piper Sandler lifted their target price on Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday. Keefe, Bruyette & Woods cut Wintrust Financial from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $110.00 to $115.00 in a report on Friday, July 19th. Royal Bank of Canada boosted their price objective on Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 9th. Finally, Citigroup boosted their price objective on Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $123.00.

Wintrust Financial Stock Down 0.1 %

Shares of NASDAQ WTFC opened at $114.17 on Friday. Wintrust Financial Co. has a 1 year low of $71.86 and a 1 year high of $117.77. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 11.95 and a beta of 1.16. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.99 and a current ratio of 1.02. The stock’s 50-day simple moving average is $107.44 and its 200-day simple moving average is $102.24.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The business had revenue of $615.73 million for the quarter, compared to analysts’ expectations of $623.45 million. During the same period in the previous year, the firm posted $2.53 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts anticipate that Wintrust Financial Co. will post 10.11 earnings per share for the current fiscal year.

Wintrust Financial Company 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.