Walleye Capital LLC Invests $4.58 Million in Wintrust Financial Corporation $WTFC

Walleye Capital LLC bought a new stake in Wintrust Financial Corporation (NASDAQ:WTFCFree Report) during the first quarter, HoldingsChannel.com reports. The fund bought 33,001 shares of the bank’s stock, valued at approximately $4,585,000.

A number of other institutional investors have also recently added to or reduced their stakes in WTFC. Norges Bank acquired a new stake in Wintrust Financial in the 4th quarter valued at $111,924,000. Wellington Management Group LLP purchased a new stake in shares of Wintrust Financial in the third quarter worth about $90,187,000. Artemis Investment Management LLP acquired a new stake in shares of Wintrust Financial in the fourth quarter valued at about $59,287,000. First Trust Advisors LP lifted its position in Wintrust Financial by 26.6% during the 1st quarter. First Trust Advisors LP now owns 1,830,268 shares of the bank’s stock worth $254,297,000 after acquiring an additional 385,069 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in Wintrust Financial in the 1st quarter worth approximately $34,272,000. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Stock Down 0.3%

WTFC stock opened at $158.53 on Thursday. The firm has a fifty day moving average price of $155.94 and a two-hundred day moving average price of $149.33. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. Wintrust Financial Corporation has a 1-year low of $119.61 and a 1-year high of $167.21. The firm has a market cap of $10.69 billion, a price-to-earnings ratio of 12.73 and a beta of 0.84.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last issued its earnings results on Monday, July 20th. The bank reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.15. The firm had revenue of $738.63 million for the quarter, compared to analysts’ expectations of $735.36 million. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. Wintrust Financial’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the company posted $2.78 earnings per share. Research analysts predict that Wintrust Financial Corporation will post 13 EPS for the current year.

Wintrust Financial News Summary

Here are the key news stories impacting Wintrust Financial this week:

Insider Transactions at Wintrust Financial

In other Wintrust Financial news, COO David A. Dykstra sold 9,579 shares of Wintrust Financial stock in a transaction on Monday, April 27th. The stock was sold at an average price of $148.82, for a total transaction of $1,425,546.78. Following the sale, the chief operating officer owned 179,810 shares of the company’s stock, valued at $26,759,324.20. The trade was a 5.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Suzet M. Mckinney sold 500 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $148.96, for a total value of $74,480.00. Following the transaction, the director directly owned 3,303 shares in the company, valued at $492,014.88. This trade represents a 13.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.24% of the company’s stock.

Analyst Ratings Changes

WTFC has been the subject of several analyst reports. DA Davidson upped their target price on shares of Wintrust Financial from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday. Citigroup downgraded Wintrust Financial from a “buy” rating to a “neutral” rating in a research note on Tuesday. Piper Sandler set a $186.00 price target on Wintrust Financial in a report on Wednesday. Raymond James Financial started coverage on Wintrust Financial in a report on Tuesday, July 7th. They set an “outperform” rating and a $180.00 price objective on the stock. Finally, Royal Bank Of Canada lifted their price target on shares of Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $177.77.

Read Our Latest Stock Report on Wintrust Financial

Wintrust Financial Profile

(Free Report)

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.

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Want to see what other hedge funds are holding WTFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wintrust Financial Corporation (NASDAQ:WTFCFree Report).

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

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