Wintrust Financial Co. (NASDAQ:WTFC) Shares Sold by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC trimmed its stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 1.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 114,847 shares of the bank’s stock after selling 1,171 shares during the period. Wintrust Financial comprises 2.3% of Moody Aldrich Partners LLC’s holdings, making the stock its largest position. Moody Aldrich Partners LLC’s holdings in Wintrust Financial were worth $12,464,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of WTFC. International Assets Investment Management LLC purchased a new position in Wintrust Financial in the third quarter valued at $35,000. DHJJ Financial Advisors Ltd. grew its position in shares of Wintrust Financial by 111.7% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 1,033 shares of the bank’s stock valued at $112,000 after acquiring an additional 545 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Wintrust Financial by 7.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 203,285 shares of the bank’s stock valued at $22,063,000 after purchasing an additional 14,699 shares in the last quarter. Vest Financial LLC raised its holdings in Wintrust Financial by 16.4% in the 3rd quarter. Vest Financial LLC now owns 13,725 shares of the bank’s stock worth $1,490,000 after purchasing an additional 1,931 shares during the period. Finally, Raymond James & Associates boosted its position in Wintrust Financial by 5.2% during the third quarter. Raymond James & Associates now owns 218,733 shares of the bank’s stock worth $23,739,000 after purchasing an additional 10,789 shares in the last quarter. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Wintrust Financial Trading Down 0.7 %

Wintrust Financial stock traded down $0.84 during trading on Thursday, reaching $113.49. 31,584 shares of the company were exchanged, compared to its average volume of 382,761. The stock’s 50 day simple moving average is $107.17 and its two-hundred day simple moving average is $102.16. The company has a market capitalization of $7.55 billion, a P/E ratio of 11.97 and a beta of 1.16. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 0.99. Wintrust Financial Co. has a 52-week low of $71.86 and a 52-week high of $117.77.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.03). Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The company had revenue of $615.73 million for the quarter, compared to analysts’ expectations of $623.45 million. During the same quarter in the prior year, the firm earned $2.53 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. On average, equities research analysts expect that Wintrust Financial Co. will post 10.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Truist Financial boosted their price objective on Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday. Royal Bank of Canada boosted their price target on shares of Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Tuesday, July 9th. Jefferies Financial Group decreased their price objective on shares of Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. DA Davidson boosted their target price on shares of Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Stephens reaffirmed an “overweight” rating and issued a $115.00 price target on shares of Wintrust Financial in a research note on Thursday, July 18th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.00.

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.