Duality Advisers LP Grows Stock Position in Wintrust Financial Co. (NASDAQ:WTFC)

Duality Advisers LP grew its holdings in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 40.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,380 shares of the bank’s stock after purchasing an additional 1,845 shares during the quarter. Duality Advisers LP’s holdings in Wintrust Financial were worth $592,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quent Capital LLC increased its position in shares of Wintrust Financial by 120.8% during the 4th quarter. Quent Capital LLC now owns 351 shares of the bank’s stock valued at $33,000 after purchasing an additional 192 shares during the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in Wintrust Financial in the 4th quarter worth approximately $46,000. Huntington National Bank increased its holdings in Wintrust Financial by 30.6% in the 3rd quarter. Huntington National Bank now owns 725 shares of the bank’s stock worth $55,000 after acquiring an additional 170 shares in the last quarter. Blue Trust Inc. increased its holdings in Wintrust Financial by 24.5% in the 4th quarter. Blue Trust Inc. now owns 1,026 shares of the bank’s stock worth $95,000 after acquiring an additional 202 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in Wintrust Financial by 21.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the bank’s stock worth $78,000 after acquiring an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WTFC shares. UBS Group increased their target price on shares of Wintrust Financial from $105.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Royal Bank of Canada increased their target price on shares of Wintrust Financial from $109.00 to $116.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. StockNews.com raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. Wedbush reissued an “outperform” rating and issued a $116.00 target price on shares of Wintrust Financial in a report on Thursday, April 18th. Finally, Citigroup dropped their price target on Wintrust Financial from $115.00 to $113.00 and set a “buy” rating for the company in a research note on Monday. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Wintrust Financial currently has an average rating of “Buy” and a consensus target price of $112.33.

Insider Activity

In related news, insider Edward J. Wehmer sold 9,500 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $99.36, for a total value of $943,920.00. Following the completion of the sale, the insider now directly owns 177,124 shares in the company, valued at $17,599,040.64. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Jeffrey D. Hahnfeld sold 588 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total value of $57,553.44. Following the completion of the sale, the executive vice president now directly owns 3,410 shares in the company, valued at $333,770.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Edward J. Wehmer sold 9,500 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $99.36, for a total value of $943,920.00. Following the completion of the sale, the insider now owns 177,124 shares of the company’s stock, valued at $17,599,040.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,309 shares of company stock worth $1,023,730. 1.47% of the stock is currently owned by insiders.

Wintrust Financial Stock Down 1.0 %

NASDAQ WTFC opened at $99.17 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.97 and a current ratio of 0.98. The company has a market capitalization of $6.12 billion, a P/E ratio of 10.26 and a beta of 1.21. Wintrust Financial Co. has a one year low of $58.12 and a one year high of $105.29. The stock has a 50 day moving average price of $98.52 and a 200-day moving average price of $91.45.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Thursday, April 18th. The bank reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.47. The firm had revenue of $604.77 million during the quarter, compared to the consensus estimate of $577.80 million. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.80 EPS. As a group, equities analysts predict that Wintrust Financial Co. will post 10.12 EPS for the current fiscal year.

About Wintrust Financial

Wintrust Financial Corporation operates as a financial holding company. 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), online and mobile banking, and other services.