Wintrust Financial Corp (WTFC) Short Interest Down 39.0% in December
Wintrust Financial Corp (NASDAQ:WTFC) was the target of a large drop in short interest in the month of December. As of December 29th, there was short interest totalling 522,264 shares, a drop of 39.0% from the December 15th total of 855,931 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily volume of 285,797 shares, the days-to-cover ratio is currently 1.8 days.
In related news, Director Ingrid S. Stafford sold 1,405 shares of the stock in a transaction on Thursday, November 2nd. The stock was 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 in the company, valued at approximately $1,672,749.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David A. Dykstra sold 22,476 shares of the stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $79.86, for a total value of $1,794,933.36. Following the completion of the transaction, the executive vice president now 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. Insiders sold a total of 44,500 shares of company stock valued at $3,563,512 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in WTFC. Janus Henderson Group PLC acquired a new stake in shares of Wintrust Financial during the 2nd quarter valued at about $63,086,000. BlackRock Inc. lifted its holdings in shares of Wintrust Financial by 6.3% during the 2nd quarter. BlackRock Inc. now owns 6,492,888 shares of the bank’s stock valued at $496,316,000 after buying an additional 382,791 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Wintrust Financial by 33.2% during the 2nd quarter. Northern Trust Corp now owns 1,403,270 shares of the bank’s stock valued at $107,265,000 after buying an additional 349,965 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Wintrust Financial by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,586,706 shares of the bank’s stock valued at $350,607,000 after buying an additional 327,529 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Wintrust Financial by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,637,332 shares of the bank’s stock valued at $127,646,000 after buying an additional 257,613 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.
Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.04. The business had revenue of $295.70 million during the quarter, compared to analyst estimates of $298.96 million. Wintrust Financial had a return on equity of 9.32% and a net margin of 19.74%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 EPS. sell-side analysts anticipate that Wintrust Financial will post 4.38 earnings per share for the current year.
A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods restated a “buy” rating on shares of Wintrust Financial in a research report on Tuesday, September 26th. Zacks Investment Research upgraded Wintrust Financial from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research report on Wednesday, September 20th. Royal Bank of Canada restated a “buy” rating and set a $84.00 price objective on shares of Wintrust Financial in a research report on Friday, October 20th. BidaskClub upgraded Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Finally, ValuEngine upgraded Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $86.88.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at https://www.americanbankingnews.com/2018/01/15/wintrust-financial-corp-wtfc-short-interest-down-39-0-in-december.html.
About Wintrust Financial
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.
Receive News & Ratings for Wintrust Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial and related companies with MarketBeat.com's FREE daily email newsletter.