River & Mercantile Asset Management LLP acquired a new stake in shares of Wintrust Financial Corp (NASDAQ:WTFC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,850 shares of the bank’s stock, valued at approximately $135,000.
Other large investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC increased its stake in Wintrust Financial by 345.2% during the 2nd quarter. Advisory Services Network LLC now owns 374 shares of the bank’s stock valued at $27,000 after purchasing an additional 290 shares in the last quarter. Smith Asset Management Group LP bought a new stake in Wintrust Financial during the 2nd quarter valued at about $29,000. AllSquare Wealth Management LLC bought a new stake in shares of Wintrust Financial in the second quarter worth approximately $46,000. NumerixS Investment Technologies Inc bought a new stake in shares of Wintrust Financial in the first quarter worth approximately $88,000. Finally, Stonebridge Capital Advisors LLC bought a new stake in shares of Wintrust Financial in the second quarter worth approximately $110,000. Institutional investors and hedge funds own 88.16% of the company’s stock.
Shares of WTFC stock opened at $63.38 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $3.47 billion, a PE ratio of 10.51 and a beta of 1.08. The company has a 50 day moving average price of $63.65 and a 200-day moving average price of $69.19. Wintrust Financial Corp has a 52 week low of $59.34 and a 52 week high of $86.51.
Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, July 15th. The bank reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.27). The business had revenue of $364.36 million during the quarter, compared to analysts’ expectations of $365.40 million. Wintrust Financial had a return on equity of 10.72% and a net margin of 20.60%. During the same period in the previous year, the business posted $1.53 EPS. Analysts anticipate that Wintrust Financial Corp will post 6.1 earnings per share for the current year.
A number of analysts have recently commented on WTFC shares. SunTrust Banks reduced their price target on shares of Wintrust Financial from $77.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. ValuEngine upgraded shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub lowered shares of Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. 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. Finally, Wedbush reduced their price target on shares of Wintrust Financial from $84.00 to $78.00 and set an “outperform” rating for the company in a research note on Tuesday, July 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Wintrust Financial presently has a consensus rating of “Buy” and a consensus target price of $84.57.
In other Wintrust Financial news, Director Gary D. Sweeney acquired 747 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The shares were bought at an average price of $66.92 per share, with a total value of $49,989.24. Following the completion of the acquisition, the director now owns 4,392 shares in the company, valued at approximately $293,912.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.58% of the company’s stock.
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.
Further Reading: Momentum Investing
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