Tower Research Capital LLC TRC reduced its stake in shares of Wintrust Financial Corp (NASDAQ:WTFC) by 50.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,469 shares of the bank’s stock after selling 2,513 shares during the period. Tower Research Capital LLC TRC’s holdings in Wintrust Financial were worth $180,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of WTFC. SG Americas Securities LLC raised its position in Wintrust Financial by 208.6% in the 2nd quarter. SG Americas Securities LLC now owns 19,735 shares of the bank’s stock worth $1,444,000 after purchasing an additional 13,341 shares during the period. Bailard Inc. purchased a new position in Wintrust Financial in the 2nd quarter worth $446,000. Kennedy Capital Management Inc. raised its position in Wintrust Financial by 5.1% in the 1st quarter. Kennedy Capital Management Inc. now owns 134,621 shares of the bank’s stock worth $9,064,000 after purchasing an additional 6,522 shares during the period. State Board of Administration of Florida Retirement System raised its position in Wintrust Financial by 9.1% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 54,008 shares of the bank’s stock worth $3,951,000 after purchasing an additional 4,506 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. raised its position in Wintrust Financial by 1,252.7% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 83,568 shares of the bank’s stock worth $6,114,000 after purchasing an additional 77,390 shares during the period. 88.16% of the stock is owned by institutional investors.
In other Wintrust Financial news, Director Gary D. Sweeney acquired 747 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The shares were acquired at an average price of $66.92 per share, with a total value of $49,989.24. Following the completion of the purchase, the director now directly owns 4,392 shares of the company’s stock, valued at approximately $293,912.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.58% of the company’s stock.
Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, July 15th. The bank reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.27). The company had revenue of $364.36 million for the quarter, compared to the consensus estimate of $365.40 million. Wintrust Financial had a net margin of 20.60% and a return on equity of 10.72%. During the same period in the previous year, the firm posted $1.53 EPS. On average, analysts expect that Wintrust Financial Corp will post 6.12 EPS for the current year.
WTFC has been the topic of a number of analyst reports. Wedbush decreased their target price on shares of Wintrust Financial from $84.00 to $78.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 16th. BidaskClub cut shares of Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. ValuEngine upgraded shares of Wintrust Financial from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 23rd. Zacks Investment Research upgraded shares of Wintrust Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 18th. Finally, Piper Jaffray Companies set a $92.00 price objective on shares of Wintrust Financial and gave the company a “buy” rating in a research report on Monday, July 8th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $87.86.
Wintrust Financial Company 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.
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