California Public Employees Retirement System Purchases 26,070 Shares of Wintrust Financial Corporation $WTFC

California Public Employees Retirement System boosted its position in shares of Wintrust Financial Corporation (NASDAQ:WTFCFree Report) by 20.1% in the 1st quarter, HoldingsChannel reports. The firm owned 156,063 shares of the bank’s stock after buying an additional 26,070 shares during the period. California Public Employees Retirement System’s holdings in Wintrust Financial were worth $21,683,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of Wintrust Financial by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,273,042 shares of the bank’s stock valued at $178,038,000 after acquiring an additional 16,997 shares during the last quarter. Bank of America Corp DE increased its holdings in Wintrust Financial by 1.4% during the 3rd quarter. Bank of America Corp DE now owns 1,071,763 shares of the bank’s stock valued at $141,944,000 after purchasing an additional 15,044 shares in the last quarter. Wellington Management Group LLP raised its position in Wintrust Financial by 22.2% in the 4th quarter. Wellington Management Group LLP now owns 832,352 shares of the bank’s stock valued at $116,379,000 after purchasing an additional 151,385 shares during the last quarter. Norges Bank acquired a new position in Wintrust Financial in the fourth quarter worth $111,924,000. Finally, Millennium Management LLC boosted its stake in Wintrust Financial by 3.4% in the fourth quarter. Millennium Management LLC now owns 774,529 shares of the bank’s stock worth $108,295,000 after purchasing an additional 25,521 shares in the last quarter. 93.48% of the stock is owned by institutional investors.

Insider Buying and Selling at Wintrust Financial

In related news, COO David A. Dykstra sold 9,579 shares of Wintrust Financial stock in a transaction on Monday, April 27th. The stock was sold at an average price of $148.82, for a total transaction of $1,425,546.78. Following the completion of the sale, the chief operating officer directly owned 179,810 shares of the company’s stock, valued at $26,759,324.20. The trade was a 5.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Suzet M. Mckinney sold 500 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $148.96, for a total value of $74,480.00. Following the completion of the sale, the director owned 3,303 shares of the company’s stock, valued at $492,014.88. This represents a 13.15% decrease in their position. The SEC filing for this sale provides additional information. 1.24% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

WTFC has been the subject of a number of research analyst reports. DA Davidson lifted their price target on Wintrust Financial from $185.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup downgraded shares of Wintrust Financial from a “buy” rating to a “neutral” rating in a research note on Tuesday. Barclays increased their price target on shares of Wintrust Financial from $190.00 to $192.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Truist Financial boosted their price objective on shares of Wintrust Financial from $170.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Finally, TD Cowen decreased their price objective on Wintrust Financial from $184.00 to $183.00 and set a “buy” rating on the stock in a research report on Wednesday. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $177.77.

View Our Latest Report on WTFC

Wintrust Financial Trading Down 0.3%

WTFC opened at $158.53 on Thursday. The firm has a 50 day simple moving average of $155.94 and a 200 day simple moving average of $149.33. Wintrust Financial Corporation has a fifty-two week low of $119.61 and a fifty-two week high of $167.21. The company has a market cap of $10.69 billion, a price-to-earnings ratio of 12.73 and a beta of 0.84. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last released its earnings results on Monday, July 20th. The bank reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.15. The firm had revenue of $738.63 million during the quarter, compared to analyst estimates of $735.36 million. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.78 EPS. On average, sell-side analysts anticipate that Wintrust Financial Corporation will post 13 earnings per share for the current year.

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About Wintrust Financial

(Free Report)

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.

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Institutional Ownership by Quarter for Wintrust Financial (NASDAQ:WTFC)

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