First Citizens Bank & Trust Co. reduced its stake in shares of Wintrust Financial Corp. (NASDAQ:WTFC) by 9.0% during the second quarter, Holdings Channel reports. The institutional investor owned 11,488 shares of the company’s stock after selling 1,131 shares during the period. First Citizens Bank & Trust Co.’s holdings in Wintrust Financial Corp. were worth $586,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of WTFC. Capital Fund Management S.A. acquired a new stake in Wintrust Financial Corp. during the second quarter valued at $255,000. Strs Ohio boosted its stake in Wintrust Financial Corp. by 23.3% in the second quarter. Strs Ohio now owns 5,300 shares of the company’s stock valued at $270,000 after buying an additional 1,000 shares in the last quarter. Parametrica Management Ltd acquired a new stake in Wintrust Financial Corp. during the second quarter valued at $277,000. Royal Bank of Canada boosted its stake in Wintrust Financial Corp. by 453.9% in the first quarter. Royal Bank of Canada now owns 5,694 shares of the company’s stock valued at $252,000 after buying an additional 4,666 shares in the last quarter. Finally, Virginia Retirement System acquired a new stake in Wintrust Financial Corp. during the first quarter valued at $288,000. 91.90% of the stock is owned by institutional investors.
Shares of Wintrust Financial Corp. (NASDAQ:WTFC) traded up 0.35% on Friday, hitting $54.17. The company’s stock had a trading volume of 260,908 shares. Wintrust Financial Corp. has a 52 week low of $37.96 and a 52 week high of $56.68. The stock’s 50-day moving average price is $55.24 and its 200-day moving average price is $51.94. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 17.29 and a beta of 0.86.
Wintrust Financial Corp. (NASDAQ:WTFC) last posted its earnings results on Tuesday, July 19th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.86 by $0.04. Wintrust Financial Corp. had a return on equity of 8.27% and a net margin of 16.55%. During the same period in the prior year, the firm earned $0.85 earnings per share. Equities analysts expect that Wintrust Financial Corp. will post $3.60 earnings per share for the current fiscal year.
Several research firms have recently weighed in on WTFC. Zacks Investment Research cut Wintrust Financial Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. Piper Jaffray Cos. reissued a “neutral” rating and issued a $53.00 price objective (up from $52.00) on shares of Wintrust Financial Corp. in a research report on Sunday, July 24th. Finally, Hovde Group initiated coverage on Wintrust Financial Corp. in a research report on Wednesday, August 24th. They issued a “market perform” rating and a $59.00 target price for the company. Nine investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $53.10.
In other Wintrust Financial Corp. news, insider Richard B. Murphy sold 1,293 shares of the stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $52.71, for a total value of $68,154.03. Following the completion of the transaction, the insider now directly owns 28,445 shares in the company, valued at $1,499,335.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by company insiders.
About Wintrust Financial Corp.
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company provides community-oriented, personal and commercial banking services to customers located in the Chicago metropolitan area and in southeastern Wisconsin through its banking subsidiaries (the banks).
Want to see what other hedge funds are holding WTFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wintrust Financial Corp. (NASDAQ:WTFC).
Receive News & Ratings for Wintrust Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial Corp. and related companies with MarketBeat.com's FREE daily email newsletter.