Wintrust Financial Corporation (WTFC) Shares Bought by Suntrust Banks Inc.
Suntrust Banks Inc. increased its holdings in Wintrust Financial Corporation (NASDAQ:WTFC) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,307 shares of the bank’s stock after acquiring an additional 49 shares during the quarter. Suntrust Banks Inc.’s holdings in Wintrust Financial Corporation were worth $558,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. purchased a new stake in Wintrust Financial Corporation in the second quarter worth $121,000. Exane Derivatives purchased a new stake in Wintrust Financial Corporation in the second quarter worth $128,000. Oppenheimer & Co. Inc. lifted its stake in Wintrust Financial Corporation by 3.4% in the first quarter. Oppenheimer & Co. Inc. now owns 2,956 shares of the bank’s stock worth $204,000 after acquiring an additional 96 shares during the period. Essex Investment Management Co. LLC purchased a new stake in Wintrust Financial Corporation in the second quarter worth $215,000. Finally, Two Sigma Securities LLC purchased a new stake in Wintrust Financial Corporation in the first quarter worth $223,000. 90.65% of the stock is owned by institutional investors.
A number of brokerages recently commented on WTFC. ValuEngine raised Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $80.00 price target on shares of Wintrust Financial Corporation in a research note on Friday, August 11th. Zacks Investment Research raised Wintrust Financial Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Wednesday, September 27th. Hovde Group reaffirmed a “market perform” rating and issued a $80.00 price target (up previously from $76.50) on shares of Wintrust Financial Corporation in a research note on Wednesday, August 2nd. Finally, Piper Jaffray Companies set a $72.00 price target on Wintrust Financial Corporation and gave the stock a “hold” rating in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $81.13.
In other news, insider Edward J. Wehmer sold 29,779 shares of the stock in a transaction on Friday, July 21st. The stock was sold at an average price of $76.89, for a total transaction of $2,289,707.31. Following the transaction, the insider now owns 137,352 shares of the company’s stock, valued at approximately $10,560,995.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gary D. Sweeney purchased 485 shares of the company’s stock in a transaction dated Friday, July 21st. The shares were purchased at an average cost of $77.12 per share, for a total transaction of $37,403.20. Following the transaction, the director now directly owns 2,186 shares in the company, valued at approximately $168,584.32. The disclosure for this purchase can be found here. 1.97% of the stock is currently owned by corporate insiders.
Wintrust Financial Corporation (NASDAQ WTFC) opened at 78.08 on Tuesday. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 19.69 and a beta of 0.83. Wintrust Financial Corporation has a 12 month low of $51.66 and a 12 month high of $80.52. The firm’s 50-day moving average price is $73.63 and its 200 day moving average price is $73.00.
Wintrust Financial Corporation (NASDAQ:WTFC) last posted its quarterly earnings results on Tuesday, July 18th. The bank reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.12. Wintrust Financial Corporation had a return on equity of 9.15% and a net margin of 19.24%. The business had revenue of $294.38 million for the quarter, compared to the consensus estimate of $279.69 million. During the same quarter in the prior year, the company earned $0.90 EPS. The business’s revenue was up 13.2% compared to the same quarter last year. On average, analysts anticipate that Wintrust Financial Corporation will post $4.30 earnings per share for the current year.
About Wintrust Financial Corporation
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.
Want to see what other hedge funds are holding WTFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wintrust Financial Corporation (NASDAQ:WTFC).
Receive News & Ratings for Wintrust Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.