Cipher Capital LP Takes Position in Wintrust Financial Corp (WTFC)

Cipher Capital LP purchased a new position in shares of Wintrust Financial Corp (NASDAQ:WTFC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,720 shares of the bank’s stock, valued at approximately $513,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in shares of Wintrust Financial by 3.7% during the fourth quarter. BlackRock Inc. now owns 5,607,346 shares of the bank’s stock worth $372,835,000 after buying an additional 200,648 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Wintrust Financial by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,119,942 shares of the bank’s stock valued at $434,889,000 after purchasing an additional 102,924 shares in the last quarter. Vanguard Group Inc boosted its holdings in Wintrust Financial by 2.1% in the 3rd quarter. Vanguard Group Inc now owns 5,119,942 shares of the bank’s stock valued at $434,889,000 after purchasing an additional 102,924 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Wintrust Financial by 2.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,604,175 shares of the bank’s stock valued at $106,662,000 after purchasing an additional 44,503 shares in the last quarter. Finally, Citadel Advisors LLC boosted its holdings in Wintrust Financial by 280.1% in the 3rd quarter. Citadel Advisors LLC now owns 1,143,203 shares of the bank’s stock valued at $97,104,000 after purchasing an additional 842,454 shares in the last quarter. 90.04% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Timothy Crane sold 2,097 shares of Wintrust Financial stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $72.82, for a total transaction of $152,703.54. Following the completion of the sale, the insider now directly owns 18,433 shares in the company, valued at approximately $1,342,291.06. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Thomas P. Zidar sold 3,482 shares of Wintrust Financial stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $72.62, for a total transaction of $252,862.84. Following the sale, the executive vice president now owns 31,016 shares of the company’s stock, valued at $2,252,381.92. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by company insiders.

Shares of WTFC opened at $64.46 on Tuesday. Wintrust Financial Corp has a twelve month low of $61.53 and a twelve month high of $99.96. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 0.72 and a beta of 0.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.98 and a current ratio of 0.99.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Tuesday, January 22nd. The bank reported $1.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.57 by ($0.22). Wintrust Financial had a net margin of 22.47% and a return on equity of 11.36%. The business had revenue of $329.40 million during the quarter, compared to analysts’ expectations of $344.46 million. During the same period in the prior year, the firm posted $1.17 EPS. Analysts expect that Wintrust Financial Corp will post 6.58 EPS for the current year.

A number of brokerages have weighed in on WTFC. BidaskClub lowered Wintrust Financial from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a report on Saturday, December 8th. Finally, Piper Jaffray Companies raised Wintrust Financial from a “neutral” rating to an “overweight” rating in a report on Monday, January 7th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $93.00.

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About Wintrust Financial

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

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