Wintrust Financial Corp (WTFC) Sees Significant Decrease in Short Interest

Wintrust Financial Corp (NASDAQ:WTFC) was the recipient of a significant decrease in short interest in December. As of December 29th, there was short interest totalling 522,264 shares, a decrease of 39.0% from the December 15th total of 855,931 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average trading volume of 285,797 shares, the days-to-cover ratio is presently 1.8 days.

WTFC has been the topic of several analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $84.00 price target on shares of Wintrust Financial in a research report on Friday, October 20th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $90.00 price target on shares of Wintrust Financial in a research report on Thursday, December 14th. BidaskClub lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. SunTrust Banks set a $79.00 price target on shares of Wintrust Financial and gave the stock a “hold” rating in a research report on Thursday, October 19th. Finally, Zacks Investment Research lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Saturday, November 18th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $86.88.

In other Wintrust Financial news, insider Thomas P. Zidar sold 3,178 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $80.00, for a total transaction of $254,240.00. Following the sale, the insider now directly owns 31,239 shares of the company’s stock, valued at $2,499,120. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David A. Dykstra sold 22,476 shares of the company’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $79.86, for a total transaction of $1,794,933.36. Following the sale, the executive vice president now directly owns 188,604 shares in the company, valued at $15,061,915.44. The disclosure for this sale can be found here. Insiders have sold 44,500 shares of company stock worth $3,563,512 over the last ninety days. Insiders own 1.97% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Suntrust Banks Inc. raised its position in shares of Wintrust Financial by 0.7% in the second quarter. Suntrust Banks Inc. now owns 7,307 shares of the bank’s stock valued at $558,000 after purchasing an additional 49 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Wintrust Financial by 6.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,123 shares of the bank’s stock valued at $621,000 after purchasing an additional 471 shares during the period. Nordea Investment Management AB raised its position in shares of Wintrust Financial by 0.9% in the second quarter. Nordea Investment Management AB now owns 56,400 shares of the bank’s stock valued at $4,311,000 after purchasing an additional 500 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of Wintrust Financial by 19.2% in the second quarter. Oppenheimer & Co. Inc. now owns 3,523 shares of the bank’s stock valued at $269,000 after purchasing an additional 567 shares during the period. Finally, Amalgamated Bank raised its position in shares of Wintrust Financial by 9.1% in the second quarter. Amalgamated Bank now owns 7,892 shares of the bank’s stock valued at $603,000 after purchasing an additional 657 shares during the period. 91.60% of the stock is currently owned by institutional investors.

Wintrust Financial (NASDAQ WTFC) opened at $87.71 on Thursday. The firm has a market cap of $4,892.73, a PE ratio of 21.03, a PEG ratio of 1.19 and a beta of 0.83. Wintrust Financial has a 1 year low of $64.14 and a 1 year high of $88.54. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 0.99.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.04. The company had revenue of $295.70 million for the quarter, compared to analyst estimates of $298.96 million. Wintrust Financial had a net margin of 19.74% and a return on equity of 9.32%. The company’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 earnings per share. sell-side analysts predict that Wintrust Financial will post 4.37 EPS for the current fiscal year.

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About Wintrust Financial

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 offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.

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