Signaturefd LLC Trims Holdings in Wintrust Financial Co. (NASDAQ:WTFC)

Signaturefd LLC trimmed its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 8.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,609 shares of the bank’s stock after selling 332 shares during the period. Signaturefd LLC’s holdings in Wintrust Financial were worth $392,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in WTFC. Concord Wealth Partners purchased a new stake in shares of Wintrust Financial in the 1st quarter valued at approximately $26,000. Versant Capital Management Inc increased its stake in Wintrust Financial by 825.0% during the 2nd quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock worth $29,000 after buying an additional 264 shares during the period. UMB Bank n.a. increased its stake in Wintrust Financial by 62.0% during the 3rd quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock worth $56,000 after buying an additional 196 shares during the period. Whittier Trust Co. increased its stake in Wintrust Financial by 138.8% during the 1st quarter. Whittier Trust Co. now owns 578 shares of the bank’s stock worth $60,000 after buying an additional 336 shares during the period. Finally, GAMMA Investing LLC increased its stake in Wintrust Financial by 62.6% during the 2nd quarter. GAMMA Investing LLC now owns 818 shares of the bank’s stock worth $81,000 after buying an additional 315 shares during the period. 93.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WTFC has been the topic of several recent research reports. Citigroup upped their target price on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday. Royal Bank of Canada upped their target price on shares of Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 9th. Jefferies Financial Group cut their target price on shares of Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. DA Davidson boosted their price target on shares of Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Stephens reiterated an “overweight” rating and set a $115.00 price target on shares of Wintrust Financial in a report on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Wintrust Financial has a consensus rating of “Moderate Buy” and an average target price of $123.00.

Wintrust Financial Trading Down 1.0 %

Shares of Wintrust Financial stock opened at $113.02 on Friday. The company has a fifty day simple moving average of $107.69 and a 200-day simple moving average of $102.32. Wintrust Financial Co. has a 12-month low of $72.14 and a 12-month high of $117.77. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.73. The stock has a market cap of $6.98 billion, a price-to-earnings ratio of 11.69 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). The business had revenue of $615.73 million for the quarter, compared to analyst estimates of $623.45 million. Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.53 EPS. On average, equities analysts forecast that Wintrust Financial Co. will post 10.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO David L. Stoehr sold 1,607 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total transaction of $182,330.22. Following the completion of the sale, the chief financial officer now owns 14,874 shares in the company, valued at $1,687,604.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.47% of the stock is owned by company insiders.

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.