Cerebellum GP LLC Buys 1,701 Shares of Wintrust Financial Corp (WTFC)

Cerebellum GP LLC increased its stake in shares of Wintrust Financial Corp (NASDAQ:WTFC) by 77.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,889 shares of the bank’s stock after acquiring an additional 1,701 shares during the period. Cerebellum GP LLC’s holdings in Wintrust Financial were worth $259,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in WTFC. Millennium Management LLC lifted its position in Wintrust Financial by 741.4% during the 2nd quarter. Millennium Management LLC now owns 1,523,131 shares of the bank’s stock worth $132,589,000 after acquiring an additional 1,342,106 shares in the last quarter. Federated Investors Inc. PA lifted its position in Wintrust Financial by 964.3% during the 3rd quarter. Federated Investors Inc. PA now owns 1,060,333 shares of the bank’s stock worth $90,064,000 after acquiring an additional 960,708 shares in the last quarter. Citadel Advisors LLC lifted its position in Wintrust Financial by 280.1% during the 3rd quarter. Citadel Advisors LLC now owns 1,143,203 shares of the bank’s stock worth $97,104,000 after acquiring an additional 842,454 shares in the last quarter. Advisors Asset Management Inc. lifted its position in Wintrust Financial by 1,386.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 192,609 shares of the bank’s stock worth $1,509,000 after acquiring an additional 179,653 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in Wintrust Financial by 19.7% during the 3rd quarter. Alliancebernstein L.P. now owns 1,073,793 shares of the bank’s stock worth $91,208,000 after acquiring an additional 176,392 shares in the last quarter. 88.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WTFC opened at $70.66 on Friday. Wintrust Financial Corp has a 52-week low of $61.53 and a 52-week high of $99.96. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 0.79 and a beta of 0.97. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.45.



Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Wednesday, October 17th. The bank reported $1.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.03. The company had revenue of $347.49 million for the quarter, compared to analyst estimates of $342.18 million. Wintrust Financial had a return on equity of 11.27% and a net margin of 22.70%. Wintrust Financial’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.12 EPS. Sell-side analysts expect that Wintrust Financial Corp will post 6.09 earnings per share for the current fiscal year.

WTFC has been the topic of several recent research reports. DA Davidson raised Wintrust Financial from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $98.00 to $95.00 in a research report on Friday, October 19th. They noted that the move was a valuation call. Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research report on Tuesday, October 23rd. Finally, BidaskClub raised Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Thursday, November 15th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Wintrust Financial has a consensus rating of “Buy” and an average target price of $93.70.

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Wintrust Financial 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.

Further Reading: Debt-To-Equity Ratio

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

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