Miles Capital Inc. Has $273,000 Stake in Wintrust Financial Corporation (WTFC)
Miles Capital Inc. cut its stake in Wintrust Financial Corporation (NASDAQ:WTFC) by 0.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,574 shares of the bank’s stock after selling 21 shares during the period. Miles Capital Inc.’s holdings in Wintrust Financial Corporation were worth $273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of the stock. Advisors Asset Management Inc. purchased a new position in Wintrust Financial Corporation during the second quarter worth approximately $121,000. Exane Derivatives acquired a new position in Wintrust Financial Corporation during the second quarter worth $128,000. Essex Investment Management Co. LLC acquired a new position in Wintrust Financial Corporation during the second quarter worth $215,000. Oppenheimer & Co. Inc. boosted its stake in Wintrust Financial Corporation by 3.4% during the first quarter. Oppenheimer & Co. Inc. now owns 2,956 shares of the bank’s stock worth $204,000 after buying an additional 96 shares during the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new position in Wintrust Financial Corporation during the second quarter worth $228,000. 90.65% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on WTFC. Zacks Investment Research raised Wintrust Financial Corporation from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Wednesday, June 7th. Jefferies Group LLC restated a “hold” rating and set a $80.00 price objective on shares of Wintrust Financial Corporation in a research report on Sunday, June 11th. Wedbush restated an “outperform” rating and set a $89.00 price objective on shares of Wintrust Financial Corporation in a research report on Tuesday, June 27th. Stephens lowered shares of Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a report on Monday, July 10th. Finally, BidaskClub lowered shares of Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Wintrust Financial Corporation presently has a consensus rating of “Hold” and an average target price of $81.13.
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In related news, insider Edward J. Wehmer sold 29,779 shares of the stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $76.89, for a total transaction of $2,289,707.31. Following the completion of the sale, the insider now owns 137,352 shares of the company’s stock, valued at approximately $10,560,995.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gary D. Sweeney bought 485 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The shares were acquired at an average cost of $77.12 per share, with a total value of $37,403.20. Following the transaction, the director now owns 2,186 shares in the company, valued at approximately $168,584.32. The disclosure for this purchase can be found here. Insiders own 1.97% of the company’s stock.
Wintrust Financial Corporation (WTFC) traded down 0.31% during midday trading on Monday, hitting $78.07. The company had a trading volume of 27,254 shares. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 19.69 and a beta of 0.83. Wintrust Financial Corporation has a 52-week low of $51.66 and a 52-week high of $80.52. The stock has a 50 day moving average of $72.50 and a 200 day moving average of $72.46.
Wintrust Financial Corporation (NASDAQ:WTFC) last issued its earnings results on Tuesday, July 18th. The bank reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.12. Wintrust Financial Corporation had a return on equity of 9.15% and a net margin of 19.24%. The business had revenue of $294.38 million for the quarter, compared to analyst estimates of $279.69 million. During the same period last year, the company posted $0.90 EPS. The business’s quarterly revenue was up 13.2% on a year-over-year basis. On average, analysts anticipate that Wintrust Financial Corporation will post $4.30 EPS for the current year.
Wintrust Financial Corporation Company Profile
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.
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