BNP Paribas Arbitrage SA trimmed its stake in Wintrust Financial Corporation (NASDAQ:WTFC) by 4.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,896 shares of the bank’s stock after selling 7,700 shares during the period. BNP Paribas Arbitrage SA owned 0.30% of Wintrust Financial Corporation worth $12,991,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of WTFC. Morgan Stanley increased its stake in shares of Wintrust Financial Corporation by 49.9% in the 1st quarter. Morgan Stanley now owns 233,896 shares of the bank’s stock worth $16,167,000 after purchasing an additional 77,888 shares in the last quarter. Tudor Investment Corp ET AL increased its stake in shares of Wintrust Financial Corporation by 31.2% in the 1st quarter. Tudor Investment Corp ET AL now owns 5,900 shares of the bank’s stock worth $408,000 after purchasing an additional 1,403 shares in the last quarter. HighTower Advisors LLC bought a new position in Wintrust Financial Corporation in the 1st quarter worth $399,000. Creative Planning boosted its holdings in Wintrust Financial Corporation by 6.9% in the 2nd quarter. Creative Planning now owns 17,213 shares of the bank’s stock worth $1,316,000 after buying an additional 1,112 shares during the period. Finally, Oregon Public Employees Retirement Fund bought a new position in Wintrust Financial Corporation in the 2nd quarter worth $1,562,000. Hedge funds and other institutional investors own 91.11% of the company’s stock.
In related news, Director Ingrid S. Stafford sold 1,405 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $80.63, for a total value of $113,285.15. Following the completion of the transaction, the director now owns 20,746 shares of the company’s stock, valued at approximately $1,672,749.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP David A. Dykstra sold 22,476 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $79.86, for a total transaction of $1,794,933.36. Following the completion of the transaction, the executive vice president now directly owns 188,604 shares of the company’s stock, valued at approximately $15,061,915.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,500 shares of company stock valued at $3,563,512. 1.97% of the stock is owned by insiders.
Several research analysts recently weighed in on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $80.00 target price on shares of Wintrust Financial Corporation in a report on Friday, August 11th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $84.00 target price on shares of Wintrust Financial Corporation in a report on Friday, October 20th. Zacks Investment Research downgraded shares of Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $74.00 target price on shares of Wintrust Financial Corporation in a report on Friday, September 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $82.00 target price on shares of Wintrust Financial Corporation in a report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Wintrust Financial Corporation currently has an average rating of “Hold” and a consensus target price of $81.38.
Wintrust Financial Corporation (NASDAQ WTFC) opened at $77.90 on Tuesday. Wintrust Financial Corporation has a 1-year low of $61.08 and a 1-year high of $82.16. The company has a market cap of $4,307.21, a PE ratio of 18.47, a price-to-earnings-growth ratio of 1.30 and a beta of 0.83. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.40.
Wintrust Financial Corporation (NASDAQ:WTFC) last announced its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.04. Wintrust Financial Corporation had a net margin of 19.74% and a return on equity of 9.32%. The firm had revenue of $295.70 million during the quarter, compared to the consensus estimate of $298.96 million. During the same quarter last year, the firm earned $0.92 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. equities research analysts forecast that Wintrust Financial Corporation will post 4.38 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, November 9th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Wednesday, November 8th. Wintrust Financial Corporation’s payout ratio is 13.43%.
Wintrust Financial Corporation Profile
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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