Moody Aldrich Partners LLC Has $5.72 Million Holdings in Wintrust Financial Corporation $WTFC

by · The Markets Daily

Moody Aldrich Partners LLC trimmed its position in Wintrust Financial Corporation (NASDAQ:WTFC – Free Report) by 15.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 43,192 shares of the bank’s stock after selling 7,971 shares during the period. Moody Aldrich Partners LLC owned 0.06% of Wintrust Financial worth $5,720,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of WTFC. Maseco LLP bought a new position in Wintrust Financial in the second quarter valued at about $25,000. Advisors Asset Management Inc. bought a new position in Wintrust Financial in the 1st quarter valued at approximately $27,000. AlphaQuest LLC bought a new position in Wintrust Financial in the 1st quarter valued at approximately $33,000. MassMutual Private Wealth & Trust FSB boosted its position in Wintrust Financial by 52.9% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 289 shares of the bank’s stock worth $36,000 after buying an additional 100 shares during the period. Finally, REAP Financial Group LLC grew its holdings in Wintrust Financial by 196.0% during the 2nd quarter. REAP Financial Group LLC now owns 296 shares of the bank’s stock worth $37,000 after acquiring an additional 196 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Wall Street Analysts Forecast Growth

WTFC has been the subject of several analyst reports. Cowen reaffirmed a “buy” rating on shares of Wintrust Financial in a research note on Wednesday, October 22nd. 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. Truist Financial lifted their target price on Wintrust Financial from $151.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Citigroup upped their price target on Wintrust Financial from $159.00 to $167.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Jefferies Financial Group lowered their price objective on Wintrust Financial from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $154.00.

Get Our Latest Stock Analysis on WTFC

Wintrust Financial Stock Performance

WTFC stock opened at $139.82 on Thursday. Wintrust Financial Corporation has a 1-year low of $89.10 and a 1-year high of $144.70. 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 stock has a 50-day moving average price of $134.62 and a 200-day moving average price of $131.76. The firm has a market cap of $9.36 billion, a PE ratio of 12.85 and a beta of 0.90.

Wintrust Financial (NASDAQ:WTFC – Get Free Report) last issued its earnings results on Thursday, November 6th. The bank reported $3.06 earnings per share for the quarter. The business 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%. As a group, equities research analysts expect that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.

Wintrust Financial Announces Dividend

The business 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. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $2.00 annualized dividend and a yield of 1.4%. Wintrust Financial’s dividend payout ratio is currently 18.38%.

Wintrust Financial Profile

(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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