Reyes Financial Architecture Inc. Raises Stock Holdings in Wintrust Financial Corporation (NASDAQ:WTFC)

Reyes Financial Architecture Inc. boosted its holdings in Wintrust Financial Corporation (NASDAQ:WTFC) by 33.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 929 shares of the bank’s stock after purchasing an additional 231 shares during the period. Reyes Financial Architecture Inc.’s holdings in Wintrust Financial were worth $104,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. CHICAGO TRUST Co NA boosted its stake in Wintrust Financial by 0.5% in the 1st quarter. CHICAGO TRUST Co NA now owns 19,896 shares of the bank’s stock worth $2,238,000 after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Wintrust Financial by 0.5% during the first quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the bank’s stock valued at $2,092,000 after buying an additional 100 shares during the period. Gitterman Wealth Management LLC lifted its holdings in shares of Wintrust Financial by 5.0% in the fourth quarter. Gitterman Wealth Management LLC now owns 2,373 shares of the bank’s stock worth $296,000 after buying an additional 113 shares in the last quarter. Xponance Inc. boosted its position in shares of Wintrust Financial by 1.6% in the first quarter. Xponance Inc. now owns 7,646 shares of the bank’s stock valued at $860,000 after acquiring an additional 123 shares during the period. Finally, Huntington National Bank grew its stake in Wintrust Financial by 3.3% during the fourth quarter. Huntington National Bank now owns 3,971 shares of the bank’s stock valued at $495,000 after acquiring an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Performance

NASDAQ:WTFC opened at $131.87 on Friday. The company has a market capitalization of $8.83 billion, a price-to-earnings ratio of 13.04 and a beta of 0.82. The business has a 50 day moving average of $122.12 and a 200 day moving average of $119.91. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.00. Wintrust Financial Corporation has a 1-year low of $89.10 and a 1-year high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, April 21st. The bank reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.17. Wintrust Financial had a net margin of 17.32% and a return on equity of 12.00%. The firm had revenue of $643.11 million during the quarter, compared to analyst estimates of $643.11 million. During the same period in the previous year, the business posted $2.89 EPS. On average, sell-side analysts predict that Wintrust Financial Corporation will post 10.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

WTFC has been the topic of several recent analyst reports. Piper Sandler reiterated an “above average” rating on shares of Wintrust Financial in a research note on Wednesday, April 23rd. Wall Street Zen upgraded Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Saturday. DA Davidson reduced their target price on Wintrust Financial from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Raymond James Financial restated a “strong-buy” rating and issued a $155.00 target price (up from $143.00) on shares of Wintrust Financial in a research note on Tuesday, July 8th. Finally, Truist Financial dropped their price target on Wintrust Financial from $150.00 to $137.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $138.00.

Wintrust Financial Company 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.