Wintrust Financial Corp (NASDAQ:WTFC) saw a significant decrease in short interest in June. As of June 30th, there was short interest totalling 959,300 shares, a decrease of 20.6% from the May 30th total of 1,208,400 shares. Based on an average daily trading volume, of 364,100 shares, the short-interest ratio is currently 2.6 days. Approximately 1.7% of the company’s shares are sold short.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Wintrust Financial by 1.6% during the first quarter. BlackRock Inc. now owns 5,698,685 shares of the bank’s stock valued at $383,690,000 after acquiring an additional 91,339 shares in the last quarter. Millennium Management LLC increased its position in shares of Wintrust Financial by 36.6% during the fourth quarter. Millennium Management LLC now owns 1,923,590 shares of the bank’s stock valued at $127,899,000 after acquiring an additional 515,719 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Wintrust Financial by 5.1% during the first quarter. JPMorgan Chase & Co. now owns 1,820,686 shares of the bank’s stock valued at $122,586,000 after acquiring an additional 87,899 shares in the last quarter. FMR LLC increased its position in shares of Wintrust Financial by 49.3% during the first quarter. FMR LLC now owns 988,775 shares of the bank’s stock valued at $66,574,000 after acquiring an additional 326,602 shares in the last quarter. Finally, AJO LP increased its position in shares of Wintrust Financial by 2.4% during the first quarter. AJO LP now owns 709,940 shares of the bank’s stock valued at $47,800,000 after acquiring an additional 16,758 shares in the last quarter. 88.91% of the stock is owned by institutional investors.
Shares of NASDAQ WTFC opened at $72.09 on Friday. Wintrust Financial has a fifty-two week low of $61.53 and a fifty-two week high of $92.56. The firm’s 50 day simple moving average is $71.64. The company has a market capitalization of $4.01 billion, a P/E ratio of 12.30, a price-to-earnings-growth ratio of 0.80 and a beta of 1.03. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.41.
Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, April 15th. The bank reported $1.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.01). Wintrust Financial had a net margin of 21.95% and a return on equity of 11.28%. The business had revenue of $343.64 million for the quarter, compared to the consensus estimate of $345.03 million. During the same period in the prior year, the business posted $1.40 EPS. Wintrust Financial’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, research analysts forecast that Wintrust Financial will post 6.56 earnings per share for the current year.
A number of research firms recently issued reports on WTFC. Zacks Investment Research raised shares of SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Friday, July 5th. Jefferies Financial Group increased their price target on shares of T. Rowe Price Group from $103.00 to $119.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Piper Jaffray Companies set a $92.00 price target on shares of Wintrust Financial and gave the stock a “buy” rating in a research note on Monday, July 8th. BidaskClub downgraded shares of Xilinx from a “buy” rating to a “hold” rating in a research note on Saturday, June 15th. Finally, Wedbush reaffirmed a “hold” rating and set a $9.00 target price on shares of Glu Mobile in a research note on Tuesday, May 7th. Three analysts have rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Wintrust Financial presently has a consensus rating of “Hold” and a consensus target price of $92.00.
About Wintrust Financial
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.
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