Wintrust Financial Co. (NASDAQ:WTFC) Shares Sold by Trifecta Capital Advisors LLC

Trifecta Capital Advisors LLC cut its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 60.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,229 shares of the bank’s stock after selling 1,842 shares during the period. Trifecta Capital Advisors LLC’s holdings in Wintrust Financial were worth $128,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Opal Wealth Advisors LLC purchased a new position in shares of Wintrust Financial in the first quarter worth about $27,000. Johnson Financial Group Inc. purchased a new stake in shares of Wintrust Financial in the fourth quarter valued at approximately $25,000. Quent Capital LLC increased its holdings in shares of Wintrust Financial by 120.8% in the fourth quarter. Quent Capital LLC now owns 351 shares of the bank’s stock valued at $33,000 after purchasing an additional 192 shares during the last quarter. GAMMA Investing LLC purchased a new position in Wintrust Financial during the fourth quarter worth approximately $41,000. Finally, DHJJ Financial Advisors Ltd. grew its holdings in Wintrust Financial by 70.0% in the 1st quarter. DHJJ Financial Advisors Ltd. now owns 488 shares of the bank’s stock valued at $51,000 after buying an additional 201 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Stephens reissued an “overweight” rating and issued a $110.00 price objective on shares of Wintrust Financial in a report on Tuesday, April 16th. StockNews.com raised Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. Jefferies Financial Group raised their price objective on Wintrust Financial from $114.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Wedbush reaffirmed an “outperform” rating and issued a $116.00 target price on shares of Wintrust Financial in a research report on Thursday, April 18th. Finally, Barclays dropped their price target on shares of Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $111.38.

Wintrust Financial Stock Up 3.0 %

Shares of Wintrust Financial stock traded up $2.86 on Friday, reaching $98.56. 504,560 shares of the company were exchanged, compared to its average volume of 286,625. The stock’s 50 day moving average price is $97.66 and its 200-day moving average price is $96.84. The company has a market cap of $6.09 billion, a P/E ratio of 10.19 and a beta of 1.19. Wintrust Financial Co. has a 1-year low of $70.25 and a 1-year high of $105.29. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.98 and a quick ratio of 0.97.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.47. The company had revenue of $604.77 million for the quarter, compared to the consensus estimate of $577.80 million. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.09%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.80 EPS. As a group, equities analysts forecast that Wintrust Financial Co. will post 10.13 EPS for the current year.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 9th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.83%. The ex-dividend date was Wednesday, May 8th. Wintrust Financial’s payout ratio is 18.61%.

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.