Burney Co. Grows Stock Holdings in Wintrust Financial Corporation $WTFC

Burney Co. lifted its holdings in Wintrust Financial Corporation (NASDAQ:WTFC) by 1,492.3% during the first quarter, Holdings Channel reports. The fund owned 41,144 shares of the bank’s stock after buying an additional 38,560 shares during the quarter. Burney Co.’s holdings in Wintrust Financial were worth $5,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Praxis Investment Management Inc. acquired a new stake in Wintrust Financial during the 1st quarter worth about $250,000. QRG Capital Management Inc. lifted its holdings in shares of Wintrust Financial by 25.1% in the 1st quarter. QRG Capital Management Inc. now owns 2,689 shares of the bank’s stock valued at $374,000 after buying an additional 540 shares during the period. HB Wealth Management LLC boosted its stake in shares of Wintrust Financial by 12.0% in the first quarter. HB Wealth Management LLC now owns 1,981 shares of the bank’s stock worth $275,000 after buying an additional 213 shares during the last quarter. Optas LLC boosted its stake in shares of Wintrust Financial by 16.7% in the first quarter. Optas LLC now owns 1,850 shares of the bank’s stock worth $257,000 after buying an additional 265 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Wintrust Financial during the first quarter worth about $3,375,000. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on WTFC shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Wintrust Financial in a research report on Monday, June 29th. Royal Bank Of Canada raised their price objective on shares of Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Barclays lifted their target price on shares of Wintrust Financial from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. UBS Group reiterated a “neutral” rating and issued a $170.00 target price on shares of Wintrust Financial in a research note on Tuesday. Finally, Citigroup raised their price target on shares of Wintrust Financial from $178.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Wintrust Financial has an average rating of “Moderate Buy” and an average price target of $170.08.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, Director Suzet M. Mckinney sold 500 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $148.96, for a total transaction of $74,480.00. Following the completion of the transaction, the director directly owned 3,303 shares in the company, valued at approximately $492,014.88. This represents a 13.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David L. Stoehr sold 3,020 shares of the stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $150.45, for a total transaction of $454,359.00. Following the transaction, the chief financial officer directly owned 13,213 shares in the company, valued at approximately $1,987,895.85. The trade was a 18.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 13,099 shares of company stock valued at $1,954,386. 1.24% of the stock is owned by company insiders.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $162.79 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. Wintrust Financial Corporation has a 12-month low of $119.61 and a 12-month high of $164.00. The business’s 50 day moving average is $153.06 and its two-hundred day moving average is $147.66. The company has a market capitalization of $10.98 billion, a P/E ratio of 13.65 and a beta of 0.84.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, April 20th. The bank reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $2.96 by $0.26. The business had revenue of $713.17 million during the quarter, compared to analysts’ expectations of $707.23 million. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The business’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.69 earnings per share. Analysts expect that Wintrust Financial Corporation will post 13.09 EPS for the current fiscal year.

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.