Moody Aldrich Partners LLC Has $13.92 Million Position in Wintrust Financial Co. (NASDAQ:WTFC)

Moody Aldrich Partners LLC trimmed its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 111,651 shares of the bank’s stock after selling 3,196 shares during the quarter. Wintrust Financial makes up about 2.6% of Moody Aldrich Partners LLC’s investment portfolio, making the stock its largest holding. Moody Aldrich Partners LLC’s holdings in Wintrust Financial were worth $13,924,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in shares of Wintrust Financial in the third quarter valued at $35,000. UMB Bank n.a. grew its holdings in Wintrust Financial by 62.0% during the 3rd quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock worth $56,000 after acquiring an additional 196 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Wintrust Financial in the 3rd quarter valued at about $61,000. Versant Capital Management Inc boosted its holdings in shares of Wintrust Financial by 32.1% in the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock valued at $67,000 after buying an additional 131 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of Wintrust Financial by 77.9% in the 3rd quarter. Covestor Ltd now owns 653 shares of the bank’s stock valued at $71,000 after purchasing an additional 286 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC opened at $132.11 on Wednesday. The business has a 50 day moving average price of $131.07 and a 200 day moving average price of $117.31. Wintrust Financial Co. has a twelve month low of $89.68 and a twelve month high of $142.04. The company has a market cap of $8.78 billion, a price-to-earnings ratio of 12.81 and a beta of 1.20. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, topping the consensus estimate of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same quarter in the prior year, the firm posted $1.87 earnings per share. Research analysts predict that Wintrust Financial Co. will post 10.17 earnings per share for the current year.

Wintrust Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be given a $0.50 dividend. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Thursday, February 6th. Wintrust Financial’s dividend payout ratio (DPR) is currently 17.46%.

Wall Street Analysts Forecast Growth

WTFC has been the subject of a number of recent research reports. DA Davidson raised their price target on shares of Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Truist Financial upgraded shares of Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. Citigroup boosted their price target on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Raymond James reaffirmed a “strong-buy” rating and issued a $150.00 price target (up from $135.00) on shares of Wintrust Financial in a report on Thursday, January 23rd. Finally, Barclays increased their price objective on Wintrust Financial from $151.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $133.69.

About Wintrust Financial

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.