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.

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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.

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

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