Quantitative Systematic Strategies LLC Purchases 17,837 Shares of Wintrust Financial Corp (WTFC)

Quantitative Systematic Strategies LLC boosted its position in Wintrust Financial Corp (NASDAQ:WTFC) by 75.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,353 shares of the bank’s stock after purchasing an additional 17,837 shares during the quarter. Quantitative Systematic Strategies LLC owned about 0.07% of Wintrust Financial worth $2,784,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. OLD Second National Bank of Aurora raised its holdings in Wintrust Financial by 100.0% in the 4th quarter. OLD Second National Bank of Aurora now owns 400 shares of the bank’s stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. Huntington National Bank raised its holdings in Wintrust Financial by 43,700.0% in the 4th quarter. Huntington National Bank now owns 438 shares of the bank’s stock valued at $29,000 after acquiring an additional 437 shares in the last quarter. Quantamental Technologies LLC acquired a new position in shares of Wintrust Financial during the 4th quarter worth $33,000. Private Capital Group LLC raised its holdings in shares of Wintrust Financial by 1,251.0% during the 4th quarter. Private Capital Group LLC now owns 689 shares of the bank’s stock worth $46,000 after buying an additional 638 shares in the last quarter. Finally, Toronto Dominion Bank acquired a new position in shares of Wintrust Financial during the 4th quarter worth $74,000. Institutional investors and hedge funds own 90.04% of the company’s stock.

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

A number of research firms have recently commented on WTFC. Zacks Investment Research cut Wintrust Financial from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Jefferies Financial Group raised Wintrust Financial from a “hold” rating to a “buy” rating in a report on Monday, April 1st. BidaskClub raised Wintrust Financial from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. Finally, Piper Jaffray Companies raised Wintrust Financial from a “neutral” rating to an “overweight” rating in a report on Monday, January 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $93.57.

WTFC traded down $0.76 on Monday, reaching $74.37. The stock had a trading volume of 448,890 shares, compared to its average volume of 456,335. Wintrust Financial Corp has a fifty-two week low of $61.53 and a fifty-two week high of $99.96. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.39. The stock has a market cap of $4.16 billion, a PE ratio of 12.69, a PEG ratio of 0.83 and a beta of 0.93.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Tuesday, January 22nd. The bank reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.22). Wintrust Financial had a return on equity of 11.36% and a net margin of 22.47%. The firm had revenue of $329.40 million during the quarter, compared to analyst estimates of $344.46 million. During the same period in the previous year, the company earned $1.17 EPS. On average, equities research analysts expect that Wintrust Financial Corp will post 6.56 EPS for the current year.

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

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