Signition LP Reduces Position in Wintrust Financial Corp (NASDAQ:WTFC)

Signition LP lessened its stake in shares of Wintrust Financial Corp (NASDAQ:WTFC) by 18.2% in the second quarter, HoldingsChannel.com reports. The firm owned 3,533 shares of the bank’s stock after selling 786 shares during the quarter. Signition LP’s holdings in Wintrust Financial were worth $258,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in WTFC. Advisory Services Network LLC boosted its stake in shares of Wintrust Financial by 345.2% during the second quarter. Advisory Services Network LLC now owns 374 shares of the bank’s stock valued at $27,000 after purchasing an additional 290 shares during the period. NumerixS Investment Technologies Inc purchased a new stake in shares of Wintrust Financial during the first quarter valued at approximately $88,000. Quantamental Technologies LLC boosted its stake in shares of Wintrust Financial by 196.8% during the first quarter. Quantamental Technologies LLC now owns 1,466 shares of the bank’s stock valued at $99,000 after purchasing an additional 972 shares during the period. Machina Capital S.A.S. purchased a new stake in shares of Wintrust Financial during the second quarter valued at approximately $135,000. Finally, 1492 Capital Management LLC purchased a new stake in shares of Wintrust Financial during the second quarter valued at approximately $206,000. 88.40% of the stock is owned by hedge funds and other institutional investors.

WTFC stock traded down $2.12 on Friday, reaching $61.75. The company’s stock had a trading volume of 256,242 shares, compared to its average volume of 518,618. The business has a fifty day simple moving average of $67.64 and a two-hundred day simple moving average of $71.27. Wintrust Financial Corp has a 12-month low of $60.20 and a 12-month high of $91.05. The firm has a market cap of $3.59 billion, a PE ratio of 10.54, a PEG ratio of 0.76 and a beta of 1.04. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.99 and a current ratio of 1.00.



Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Monday, July 15th. The bank reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.27). Wintrust Financial had a return on equity of 10.72% and a net margin of 20.60%. The business had revenue of $364.36 million during the quarter, compared to analysts’ expectations of $365.40 million. During the same period in the previous year, the business earned $1.53 EPS. As a group, research analysts anticipate that Wintrust Financial Corp will post 6.15 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Wednesday, August 7th. Wintrust Financial’s dividend payout ratio is currently 17.06%.

WTFC has been the subject of a number of research analyst reports. Piper Jaffray Companies set a $92.00 price target on Wintrust Financial and gave the stock a “buy” rating in a research note on Monday, July 8th. Wedbush dropped their price target on Wintrust Financial from $84.00 to $78.00 and set an “outperform” rating for the company in a research note on Tuesday, July 16th. BidaskClub lowered Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Zacks Investment Research lowered Wintrust Financial from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 20th. Finally, ValuEngine raised Wintrust Financial from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 23rd. Three research analysts have rated the stock with a sell rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $87.86.

In other news, Director Gary D. Sweeney acquired 747 shares of the stock in a transaction on Friday, July 19th. The stock was acquired at an average price of $66.92 per share, with a total value of $49,989.24. Following the completion of the transaction, the director now owns 4,392 shares of the company’s stock, valued at approximately $293,912.64. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.58% of the company’s stock.

About Wintrust Financial

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.

See Also: Real Estate Investment Trust (REIT) ETF

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

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