Y Intercept Hong Kong Ltd Purchases Shares of 24,291 Wintrust Financial Corporation $WTFC

Y Intercept Hong Kong Ltd purchased a new stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 24,291 shares of the bank’s stock, valued at approximately $3,375,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Wintrust Financial during the fourth quarter valued at about $111,924,000. Wellington Management Group LLP purchased a new stake in Wintrust Financial in the third quarter worth $90,187,000. Artemis Investment Management LLP purchased a new stake in shares of Wintrust Financial in the 4th quarter worth $59,287,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Wintrust Financial in the 1st quarter worth $34,272,000. Finally, Balyasny Asset Management L.P. grew its position in shares of Wintrust Financial by 491.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 254,329 shares of the bank’s stock worth $35,560,000 after buying an additional 211,338 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Insider Buying and Selling at Wintrust Financial

In related news, COO David A. Dykstra sold 9,579 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $148.82, for a total value of $1,425,546.78. Following the transaction, the chief operating officer directly owned 179,810 shares of the company’s stock, valued at $26,759,324.20. This trade represents a 5.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Suzet M. Mckinney sold 500 shares of Wintrust Financial stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $148.96, for a total value of $74,480.00. Following the sale, the director owned 3,303 shares in the company, valued at $492,014.88. This trade represents a 13.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 13,099 shares of company stock worth $1,954,386 over the last ninety days. Corporate insiders own 1.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Wintrust Financial in a report on Monday, June 29th. Citigroup increased their target price on shares of Wintrust Financial from $178.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada boosted their price target on shares of Wintrust Financial from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. UBS Group reaffirmed a “neutral” rating and issued a $170.00 price target on shares of Wintrust Financial in a research report on Tuesday. Finally, DA Davidson reiterated a “buy” rating and set a $185.00 price objective on shares of Wintrust Financial in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $170.25.

Wintrust Financial Price Performance

NASDAQ:WTFC traded up $0.24 during trading hours on Tuesday, reaching $163.03. 82,806 shares of the company were exchanged, compared to its average volume of 479,943. The stock’s 50-day moving average is $153.06 and its 200-day moving average is $147.66. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. The firm has a market cap of $11.00 billion, a PE ratio of 13.66 and a beta of 0.84. Wintrust Financial Corporation has a twelve month low of $119.61 and a twelve month high of $164.00.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Monday, April 20th. The bank reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $2.96 by $0.26. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The company had revenue of $713.17 million for the quarter, compared to the consensus estimate of $707.23 million. During the same quarter in the previous year, the business earned $2.69 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, sell-side analysts anticipate that Wintrust Financial Corporation will post 13.09 earnings per share for the current fiscal year.

Wintrust Financial Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.