Glenmede Trust Co. NA reduced its holdings in Wintrust Financial Co. (NASDAQ:WTFC) by 10.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 669,903 shares of the bank’s stock after selling 78,862 shares during the quarter. Glenmede Trust Co. NA owned approximately 1.20% of Wintrust Financial worth $55,178,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of WTFC. Nationwide Fund Advisors grew its holdings in Wintrust Financial by 10.3% in the third quarter. Nationwide Fund Advisors now owns 205,999 shares of the bank’s stock worth $16,132,000 after purchasing an additional 19,271 shares during the period. Aperio Group LLC lifted its stake in shares of Wintrust Financial by 18.0% in the third quarter. Aperio Group LLC now owns 9,613 shares of the bank’s stock valued at $753,000 after buying an additional 1,466 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Wintrust Financial in the third quarter valued at $428,000. Principal Financial Group Inc. lifted its stake in shares of Wintrust Financial by 0.4% in the third quarter. Principal Financial Group Inc. now owns 239,123 shares of the bank’s stock valued at $18,726,000 after buying an additional 1,016 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of Wintrust Financial by 7.6% during the third quarter. Swiss National Bank now owns 93,067 shares of the bank’s stock valued at $7,288,000 after purchasing an additional 6,600 shares in the last quarter. Institutional investors own 90.99% of the company’s stock.
A number of research analysts recently weighed in on WTFC shares. Keefe, Bruyette & Woods reissued a “buy” rating and set a $90.00 price target on shares of Wintrust Financial in a research report on Thursday, December 14th. ValuEngine upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a report on Wednesday, December 27th. BidaskClub upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Finally, SunTrust Banks reiterated a “hold” rating and issued a $94.00 target price on shares of Wintrust Financial in a research note on Tuesday, January 9th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $90.90.
In other news, CFO David L. Stoehr sold 5,268 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $87.59, for a total value of $461,424.12. Following the sale, the chief financial officer now directly owns 11,347 shares of the company’s stock, valued at approximately $993,883.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David A. Dykstra sold 11,235 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.56, for a total transaction of $983,736.60. Following the completion of the sale, the executive vice president now directly owns 39,365 shares in the company, valued at $3,446,799.40. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 21 shares of company stock worth $1,170 and have sold 30,676 shares worth $2,687,566. 2.00% of the stock is currently owned by insiders.
Shares of WTFC traded down $2.74 during mid-day trading on Friday, reaching $85.99. The company’s stock had a trading volume of 564,262 shares, compared to its average volume of 425,355. The firm has a market cap of $4,834.62, a price-to-earnings ratio of 19.54, a PEG ratio of 1.14 and a beta of 0.83. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 1.01. Wintrust Financial Co. has a 52 week low of $64.14 and a 52 week high of $91.67.
Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, January 22nd. The bank reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.04. Wintrust Financial had a net margin of 20.35% and a return on equity of 9.49%. The company had revenue of $300.14 million during the quarter, compared to analyst estimates of $299.47 million. During the same period in the prior year, the business posted $0.94 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. equities research analysts predict that Wintrust Financial Co. will post 5.57 earnings per share for the current year.
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Wintrust Financial Profile
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), Internet banking, and other services.
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