Wintrust Financial Corp (NASDAQ:WTFC) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC lowered its stake in shares of Wintrust Financial Corp (NASDAQ:WTFC) by 16.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 125,500 shares of the bank’s stock after selling 25,315 shares during the period. Lazard Asset Management LLC’s holdings in Wintrust Financial were worth $8,449,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of WTFC. State Board of Administration of Florida Retirement System lifted its stake in shares of Wintrust Financial by 0.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 49,502 shares of the bank’s stock worth $3,333,000 after purchasing an additional 130 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Wintrust Financial by 2.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 8,202 shares of the bank’s stock worth $545,000 after purchasing an additional 182 shares during the period. Private Vista LLC lifted its stake in shares of Wintrust Financial by 5.6% in the 1st quarter. Private Vista LLC now owns 5,374 shares of the bank’s stock worth $361,000 after purchasing an additional 287 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of Wintrust Financial by 7.1% in the 1st quarter. Crossmark Global Holdings Inc. now owns 5,266 shares of the bank’s stock worth $355,000 after purchasing an additional 350 shares during the period. Finally, American International Group Inc. lifted its stake in shares of Wintrust Financial by 0.3% in the 4th quarter. American International Group Inc. now owns 114,933 shares of the bank’s stock worth $7,642,000 after purchasing an additional 364 shares during the period. Institutional investors and hedge funds own 88.98% of the company’s stock.

Wintrust Financial stock opened at $72.00 on Friday. The company has a market capitalization of $4.08 billion, a P/E ratio of 12.06, a PEG ratio of 0.81 and a beta of 1.03. Wintrust Financial Corp has a 12-month low of $61.53 and a 12-month high of $95.32. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.41.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, April 15th. The bank reported $1.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.01). The firm had revenue of $343.64 million during the quarter, compared to analysts’ expectations of $345.03 million. Wintrust Financial had a return on equity of 11.28% and a net margin of 21.95%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.40 earnings per share. Analysts forecast that Wintrust Financial Corp will post 6.62 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Wednesday, May 8th. Wintrust Financial’s dividend payout ratio (DPR) is currently 17.06%.

Several equities research analysts recently issued reports on WTFC shares. Zacks Investment Research raised shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a report on Wednesday, June 5th. Piper Jaffray Companies set a $93.00 target price on shares of Wintrust Financial and gave the stock a “buy” rating in a report on Wednesday, April 17th. Jefferies Financial Group raised shares of Wintrust Financial from a “hold” rating to a “buy” rating in a report on Monday, April 1st. BidaskClub raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. Finally, Wedbush reissued an “outperform” rating and issued a $85.00 target price (up from $80.00) on shares of Wintrust Financial in a report on Tuesday, May 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $91.75.

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Wintrust Financial Company Profile

Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.

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

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