Wintrust Financial Corporation (NASDAQ:WTFCM) Trading Volume Significantly Lower

Remigio Civitarese
Ottobre 22, 2017

The firm owned 454,982 shares of the company's stock after selling 18,125 shares during the period. Macquarie Research has "Neutral" rating and $50 target.

Short traders are feeling a little more bullish on Wintrust Financial Corporation of late if you consider the fall in short interest. Victory Capital Management Inc. boosted its position in shares of Wintrust Financial Corporation by 77.5% in the second quarter. Assenagon Asset Management S.A. now owns 52,731 shares of the bank's stock valued at $4,129,000 after buying an additional 12,384 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Wintrust Financial Corporation during the third quarter valued at approximately $183,000. The stock of Wintrust Financial Corp (NASDAQ:WTFC) earned "Hold" rating by Jefferies on Friday, September 15. The value of the investment in (WTFC) went from $94,226,000 to $95,567,000 increasing 1.4% since the last quarter.

Wintrust Financial Corporation is a financial holding company. Northern Trust Corp raised its holdings in Wintrust Financial Corporation by 33.2% in the second quarter.

Shares of Wintrust Financial Corporation (NASDAQ WTFC) traded up 2.29% during midday trading on Thursday, hitting $81.42. 85,457 shares of the stock were exchanged. The firm has a market capitalization of $4.54 billion, a PE ratio of 20.53 and a beta of 0.83.

Wintrust Financial Corporation has a 50 day moving average of 75.24 and a 200 day moving average of 73.59.

Wintrust Financial Corporation (NASDAQ:WTFC) last posted its quarterly earnings data on Wednesday, October 18th. Days to cover decreased from 5.0 to 4.0 and the percentage of shorted shares is 0.02% as of September 29. The company had revenue of $295.70 million for the quarter, compared to the consensus estimate of $298.96 million. During the same period in the prior year, the business earned $0.69 EPS. The firm's revenue for the quarter was up 9.0% compared to the same quarter a year ago. On average, equities research analysts expect that Wintrust Financial Corporation will post $3.63 earnings per share for the current year. CNX Coal Resources LP had 34 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Wintrust Financial Corp (NASDAQ:WTFC) has "Hold" rating given on Friday, June 9 by Jefferies. SunTrust Banks, Inc. began coverage on shares of Wintrust Financial Corporation in a report on Tuesday, December 20th. Over the same time span, the stock marked US$80.72 as its best level and the lowest price reached was US$51.66. Wintrust Financial Corporation recently declared a dividend which was paid on Thursday August 24th, 2017. Finally, Piper Jaffray Companies restated a hold rating and set a $74.00 price objective on shares of Wintrust Financial Corporation in a research report on Friday, September 1st. The average stock price target is $54.95 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell. Wintrust Financial Corporation presently has an average rating of "Hold" and an average target price of $81.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. They now have a United States dollars 49.3 price target on the stock. Following the completion of the acquisition, the director now owns 3,771 shares in the company, valued at $207,405. The company has market cap of $2.19 billion.

Wintrust Financial Corporation, launched on December 30, 1992, is a financial holding company. The Firm conducts its businesses through three divisions: 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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