Victory Capital Management Inc. Buys 994 Shares of Wintrust Financial Corp. (WTFC)
Victory Capital Management Inc. increased its stake in shares of Wintrust Financial Corp. (NASDAQ:WTFC) by 77.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,277 shares of the company’s stock after buying an additional 994 shares during the period. Victory Capital Management Inc.’s holdings in Wintrust Financial Corp. were worth $116,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of WTFC. Mesirow Financial Investment Management Equity Management raised its position in Wintrust Financial Corp. by 2,795.0% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 473,107 shares of the company’s stock valued at $24,130,000 after buying an additional 456,765 shares in the last quarter. Foundry Partners LLC purchased a new position in Wintrust Financial Corp. during the second quarter valued at approximately $12,180,000. Credit Agricole S A raised its position in Wintrust Financial Corp. by 834.6% in the first quarter. Credit Agricole S A now owns 238,800 shares of the company’s stock valued at $10,589,000 after buying an additional 213,248 shares in the last quarter. Phocas Financial Corp. purchased a new position in Wintrust Financial Corp. during the first quarter valued at approximately $8,344,000. Finally, Bank of Montreal Can purchased a new position in Wintrust Financial Corp. during the second quarter valued at approximately $7,397,000. 91.90% of the stock is owned by hedge funds and other institutional investors.
Wintrust Financial Corp. (NASDAQ:WTFC) traded down 0.45% during mid-day trading on Thursday, reaching $55.57. The company’s stock had a trading volume of 42,808 shares. The stock’s 50 day moving average price is $55.00 and its 200 day moving average price is $51.55. The stock has a market capitalization of $2.87 billion, a P/E ratio of 17.74 and a beta of 0.86. Wintrust Financial Corp. has a 1-year low of $37.96 and a 1-year high of $56.61.
Wintrust Financial Corp. (NASDAQ:WTFC) last announced its quarterly earnings results on Tuesday, July 19th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.86 by $0.04. Wintrust Financial Corp. had a net margin of 16.55% and a return on equity of 8.27%. During the same period last year, the company earned $0.85 EPS. Analysts expect that Wintrust Financial Corp. will post $3.60 EPS for the current fiscal year.
Several research analysts have recently commented on WTFC shares. Zacks Investment Research lowered Wintrust Financial Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. Piper Jaffray Cos. restated a “neutral” rating and set a $53.00 price target (up from $52.00) on shares of Wintrust Financial Corp. in a research report on Sunday, July 24th. Sterne Agee CRT initiated coverage on Wintrust Financial Corp. in a research report on Sunday, June 12th. They set a “hold” rating for the company. Finally, Hovde Group initiated coverage on Wintrust Financial Corp. in a report on Wednesday, August 24th. They issued a “market perform” rating and a $59.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $52.80.
In other Wintrust Financial Corp. news, insider Richard B. Murphy sold 1,293 shares of the firm’s stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $52.71, for a total value of $68,154.03. Following the sale, the insider now owns 28,445 shares in the company, valued at $1,499,335.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by company insiders.
Wintrust Financial Corp. Company Profile
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 provides community-oriented, personal and commercial banking services to customers located in the Chicago metropolitan area and in southeastern Wisconsin through its banking subsidiaries (the banks).
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