Wintrust Financial Corporation $WTFC Position Boosted by First Trust Advisors LP

First Trust Advisors LP grew its holdings in Wintrust Financial Corporation (NASDAQ:WTFCFree Report) by 26.6% during the first quarter, Holdings Channel.com reports. The firm owned 1,830,268 shares of the bank’s stock after buying an additional 385,069 shares during the period. First Trust Advisors LP’s holdings in Wintrust Financial were worth $254,297,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Advisors Asset Management Inc. purchased a new position in Wintrust Financial during the first quarter valued at approximately $27,000. Elyxium Wealth LLC acquired a new position in Wintrust Financial in the 4th quarter valued at approximately $31,000. Creative Financial Designs Inc. ADV lifted its position in Wintrust Financial by 231.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock worth $32,000 after buying an additional 160 shares in the last quarter. Harbour Investments Inc. lifted its position in Wintrust Financial by 72.7% in the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after buying an additional 101 shares in the last quarter. Finally, Strive Financial Group LLC acquired a new stake in shares of Wintrust Financial during the 4th quarter valued at $39,000. 93.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Wintrust Financial news, COO David A. Dykstra sold 9,579 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $148.82, for a total transaction of $1,425,546.78. Following the completion of the sale, the chief operating officer owned 179,810 shares of the company’s stock, valued at $26,759,324.20. This represents a 5.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Suzet M. Mckinney sold 500 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $148.96, for a total value of $74,480.00. Following the transaction, the director owned 3,303 shares in the company, valued at approximately $492,014.88. This trade represents a 13.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.24% of the stock is currently owned by company insiders.

Key Headlines Impacting Wintrust Financial

Here are the key news stories impacting Wintrust Financial this week:

Wintrust Financial Price Performance

NASDAQ WTFC opened at $158.53 on Thursday. Wintrust Financial Corporation has a fifty-two week low of $119.61 and a fifty-two week high of $167.21. The stock’s 50-day moving average is $155.94 and its two-hundred day moving average is $149.33. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. The firm has a market cap of $10.69 billion, a P/E ratio of 12.73 and a beta of 0.84.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last announced its quarterly earnings results on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.15. The company had revenue of $738.63 million during the quarter, compared to analysts’ expectations of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.78 earnings per share. On average, analysts anticipate that Wintrust Financial Corporation will post 13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on WTFC. Raymond James Financial began coverage on shares of Wintrust Financial in a report on Tuesday, July 7th. They set an “outperform” rating and a $180.00 price target on the stock. Royal Bank Of Canada increased their price objective on Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. TD Cowen lowered their target price on Wintrust Financial from $184.00 to $183.00 and set a “buy” rating on the stock in a research note on Wednesday. Citigroup lowered Wintrust Financial from a “buy” rating to a “neutral” rating in a research report on Tuesday. Finally, Brean Capital cut shares of Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 target price for the company. in a research note on Tuesday. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $177.77.

Check Out Our Latest Stock Report on Wintrust Financial

Wintrust Financial Profile

(Free Report)

Wintrust Financial Corporation is a Chicago?area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid?size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.

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

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