Signaturefd LLC Raises Stake in Wintrust Financial Co. (NASDAQ:WTFC)

Signaturefd LLC lifted its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 14.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,479 shares of the bank’s stock after buying an additional 451 shares during the quarter. Signaturefd LLC’s holdings in Wintrust Financial were worth $323,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quent Capital LLC grew its holdings in shares of Wintrust Financial by 120.8% during the fourth quarter. Quent Capital LLC now owns 351 shares of the bank’s stock worth $33,000 after buying an additional 192 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Wintrust Financial during the fourth quarter worth about $46,000. Huntington National Bank grew its holdings in shares of Wintrust Financial by 30.6% during the third quarter. Huntington National Bank now owns 725 shares of the bank’s stock worth $55,000 after buying an additional 170 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Wintrust Financial by 24.5% during the fourth quarter. Blue Trust Inc. now owns 1,026 shares of the bank’s stock worth $95,000 after buying an additional 202 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Wintrust Financial by 21.7% during the third quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the bank’s stock worth $78,000 after buying an additional 183 shares in the last quarter. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, EVP Jeffrey D. Hahnfeld sold 588 shares of Wintrust Financial stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total transaction of $57,553.44. Following the transaction, the executive vice president now directly owns 3,410 shares of the company’s stock, valued at $333,770.80. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Edward J. Wehmer sold 9,500 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the transaction, the insider now directly owns 177,124 shares of the company’s stock, valued at $17,599,040.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total transaction of $57,553.44. Following the transaction, the executive vice president now directly owns 3,410 shares in the company, valued at $333,770.80. The disclosure for this sale can be found here. Insiders have sold a total of 10,309 shares of company stock valued at $1,023,730 over the last ninety days. Corporate insiders own 1.47% of the company’s stock.

Wintrust Financial Trading Down 1.0 %

Shares of WTFC stock opened at $99.17 on Friday. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 10.26 and a beta of 1.21. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.78. Wintrust Financial Co. has a fifty-two week low of $58.12 and a fifty-two week high of $105.29. The firm’s 50 day moving average price is $98.52 and its two-hundred day moving average price is $91.45.

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

Analyst Ratings Changes

A number of brokerages have recently commented on WTFC. Jefferies Financial Group lifted their price target on shares of Wintrust Financial from $114.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Keefe, Bruyette & Woods raised their target price on shares of Wintrust Financial from $103.00 to $106.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. Wedbush reissued an “outperform” rating and issued a $116.00 target price on shares of Wintrust Financial in a research report on Thursday, April 18th. StockNews.com raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 18th. Finally, UBS Group raised their target price on shares of Wintrust Financial from $105.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Wintrust Financial has an average rating of “Buy” and an average price target of $112.33.

Wintrust Financial Company Profile

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.