Federated Hermes Inc. Trims Holdings in Wintrust Financial Corporation $WTFC

Federated Hermes Inc. lowered its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 22.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 597,769 shares of the bank’s stock after selling 171,755 shares during the quarter. Federated Hermes Inc.’s holdings in Wintrust Financial were worth $74,111,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of WTFC. LPL Financial LLC boosted its position in shares of Wintrust Financial by 151.7% during the 1st quarter. LPL Financial LLC now owns 40,220 shares of the bank’s stock valued at $4,523,000 after acquiring an additional 24,240 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Wintrust Financial by 30.1% during the first quarter. PNC Financial Services Group Inc. now owns 7,015 shares of the bank’s stock worth $789,000 after purchasing an additional 1,622 shares during the period. Deutsche Bank AG boosted its holdings in Wintrust Financial by 50.4% in the 1st quarter. Deutsche Bank AG now owns 14,016 shares of the bank’s stock valued at $1,576,000 after purchasing an additional 4,697 shares during the last quarter. Townsquare Capital LLC grew its stake in shares of Wintrust Financial by 14.6% in the 1st quarter. Townsquare Capital LLC now owns 3,007 shares of the bank’s stock valued at $338,000 after buying an additional 382 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Wintrust Financial during the 1st quarter worth approximately $2,239,000. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Price Performance

WTFC stock opened at $137.52 on Monday. The business’s fifty day moving average price is $130.18 and its 200 day moving average price is $129.14. Wintrust Financial Corporation has a 12-month low of $89.10 and a 12-month high of $141.69. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $9.21 billion, a PE ratio of 12.64 and a beta of 0.90.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Thursday, November 6th. The bank reported $3.06 earnings per share for the quarter. The company had revenue of $1.26 billion during the quarter. Wintrust Financial had a return on equity of 12.82% and a net margin of 18.85%. On average, sell-side analysts anticipate that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 6th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, November 6th. Wintrust Financial’s dividend payout ratio is presently 18.38%.

Wall Street Analysts Forecast Growth

WTFC has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Wintrust Financial in a report on Wednesday, October 8th. Jefferies Financial Group decreased their price target on Wintrust Financial from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Tuesday, October 21st. Truist Financial increased their price target on Wintrust Financial from $151.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Piper Sandler restated an “overweight” rating and issued a $161.00 price objective (up from $160.00) on shares of Wintrust Financial in a report on Wednesday, October 22nd. Finally, TD Cowen initiated coverage on shares of Wintrust Financial in a research note on Thursday, September 25th. They set a “buy” rating and a $166.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $152.92.

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.