Westpac Banking Corp lowered its position in Wintrust Financial Corp. (NASDAQ:WTFC) by 22.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,724 shares of the company’s stock after selling 1,668 shares during the period. Westpac Banking Corp’s holdings in Wintrust Financial Corp. were worth $217,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of WTFC. BNP Paribas Arbitrage SA increased its position in Wintrust Financial Corp. by 22.7% in the second quarter. BNP Paribas Arbitrage SA now owns 34,262 shares of the company’s stock worth $1,747,000 after buying an additional 6,344 shares during the last quarter. Phocas Financial Corp. purchased a new position in Wintrust Financial Corp. during the first quarter worth about $8,344,000. Royal Bank of Canada increased its position 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 worth $252,000 after buying an additional 4,666 shares during the last quarter. Kennedy Capital Management Inc. increased its position in Wintrust Financial Corp. by 4.4% in the first quarter. Kennedy Capital Management Inc. now owns 244,880 shares of the company’s stock worth $10,858,000 after buying an additional 10,377 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Wintrust Financial Corp. by 0.7% in the first quarter. Geode Capital Management LLC now owns 415,601 shares of the company’s stock worth $18,427,000 after buying an additional 2,827 shares during the last quarter. Institutional investors and hedge funds own 91.90% of the company’s stock.
Shares of Wintrust Financial Corp. (NASDAQ:WTFC) opened at 56.03 on Monday. The firm has a market capitalization of $2.90 billion, a PE ratio of 17.88 and a beta of 0.86. The stock has a 50 day moving average price of $55.12 and a 200-day moving average price of $51.66. Wintrust Financial Corp. has a 52-week low of $37.96 and a 52-week high of $56.61.
Wintrust Financial Corp. (NASDAQ:WTFC) last announced its quarterly earnings data on Tuesday, July 19th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business posted $0.85 EPS. Equities analysts forecast that Wintrust Financial Corp. will post $3.60 EPS for the current year.
A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Wintrust Financial Corp. from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Saturday. Hovde Group started coverage on Wintrust Financial Corp. in a research report on Wednesday, August 24th. They set a “market perform” rating and a $59.00 price target for the company. Piper Jaffray Cos. reissued a “neutral” rating and set a $53.00 price target (up from $52.00) on shares of Wintrust Financial Corp. in a research report on Sunday, July 24th. Finally, Sterne Agee CRT started coverage on Wintrust Financial Corp. in a research report on Sunday, June 12th. They set a “hold” rating for the company. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Wintrust Financial Corp. presently has a consensus rating of “Hold” and a consensus target price of $53.10.
In other news, insider Richard B. Murphy sold 1,293 shares of the business’s 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 transaction, the insider now directly owns 28,445 shares of the company’s stock, valued at approximately $1,499,335.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.
Wintrust Financial Corp. Company Profile
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).
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