Zurcher Kantonalbank Zurich Cantonalbank Has $1.28 Million Stock Position in Wintrust Financial Co. (NASDAQ:WTFC)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,786 shares of the bank’s stock after acquiring an additional 1,061 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Wintrust Financial were worth $1,279,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WTFC. FMR LLC lifted its stake in shares of Wintrust Financial by 11.5% in the third quarter. FMR LLC now owns 4,651,381 shares of the bank’s stock worth $351,179,000 after acquiring an additional 480,942 shares during the period. Invesco Ltd. lifted its stake in Wintrust Financial by 60.4% in the third quarter. Invesco Ltd. now owns 716,253 shares of the bank’s stock valued at $54,077,000 after buying an additional 269,731 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in Wintrust Financial by 21.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,172,242 shares of the bank’s stock valued at $88,504,000 after buying an additional 207,606 shares during the period. Principal Financial Group Inc. lifted its stake in Wintrust Financial by 58.2% in the third quarter. Principal Financial Group Inc. now owns 363,558 shares of the bank’s stock valued at $27,449,000 after buying an additional 133,809 shares during the period. Finally, Walleye Capital LLC acquired a new position in Wintrust Financial in the third quarter valued at approximately $8,557,000. 93.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on WTFC. Stephens reissued an “overweight” rating and issued a $110.00 price target on shares of Wintrust Financial in a research note on Tuesday, April 16th. StockNews.com raised Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. Citigroup dropped their price target on Wintrust Financial from $115.00 to $113.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Truist Financial dropped their price target on Wintrust Financial from $117.00 to $112.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Finally, UBS Group upped their target price on Wintrust Financial from $105.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $112.33.

Wintrust Financial Trading Down 0.2 %

Shares of Wintrust Financial stock opened at $99.01 on Friday. The stock has a fifty day simple moving average of $98.56 and a 200 day simple moving average of $91.62. Wintrust Financial Co. has a 12-month low of $58.12 and a 12-month high of $105.29. The company has a market capitalization of $6.11 billion, a P/E ratio of 10.24 and a beta of 1.21. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.78.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.47. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. The business had revenue of $604.77 million during the quarter, compared to the consensus estimate of $577.80 million. During the same quarter in the prior year, the company posted $2.80 earnings per share. Wintrust Financial’s revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Wintrust Financial Co. will post 10.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Edward J. Wehmer sold 9,500 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $99.36, for a total transaction of $943,920.00. Following the completion of the sale, the insider now owns 177,124 shares in the company, valued at $17,599,040.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Edward J. Wehmer sold 9,500 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $99.36, for a total transaction of $943,920.00. Following the completion of the sale, the insider now owns 177,124 shares in the company, valued at $17,599,040.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total value of $57,553.44. Following the completion of the transaction, the executive vice president now owns 3,410 shares of the company’s stock, valued at approximately $333,770.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,309 shares of company stock worth $1,023,730. 1.47% of the stock is owned by corporate insiders.

Wintrust Financial 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.