Royal Bank of Canada lifted its position in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 53.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 485,280 shares of the bank’s stock after buying an additional 169,847 shares during the quarter. Royal Bank of Canada owned about 0.87% of Wintrust Financial Corporation worth $37,094,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Miles Capital Inc. lifted its holdings in shares of Wintrust Financial Corporation by 0.3% during the first quarter. Miles Capital Inc. now owns 3,595 shares of the bank’s stock worth $248,000 after buying an additional 10 shares in the last quarter. United Capital Financial Advisers LLC lifted its holdings in shares of Wintrust Financial Corporation by 0.3% during the first quarter. United Capital Financial Advisers LLC now owns 4,193 shares of the bank’s stock worth $290,000 after buying an additional 14 shares in the last quarter. Bellwether Investment Group LLC lifted its holdings in shares of Wintrust Financial Corporation by 0.4% during the second quarter. Bellwether Investment Group LLC now owns 3,666 shares of the bank’s stock worth $280,000 after buying an additional 14 shares in the last quarter. Suntrust Banks Inc. lifted its holdings in shares of Wintrust Financial Corporation by 0.7% during the second quarter. Suntrust Banks Inc. now owns 7,307 shares of the bank’s stock worth $558,000 after buying an additional 49 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Wintrust Financial Corporation by 1.3% during the second quarter. Teacher Retirement System of Texas now owns 4,157 shares of the bank’s stock worth $318,000 after buying an additional 55 shares in the last quarter. 90.65% of the stock is owned by institutional investors.

Wintrust Financial Corporation (NASDAQ:WTFC) opened at 77.94 on Friday. The company has a 50 day moving average price of $73.44 and a 200-day moving average price of $72.85. Wintrust Financial Corporation has a 12 month low of $51.66 and a 12 month high of $80.52. The company has a market cap of $4.35 billion, a PE ratio of 19.66 and a beta of 0.83.

Wintrust Financial Corporation (NASDAQ:WTFC) last issued its quarterly earnings data on Tuesday, July 18th. The bank reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.12. The business had revenue of $294.38 million for the quarter, compared to analysts’ expectations of $279.69 million. Wintrust Financial Corporation had a return on equity of 9.15% and a net margin of 19.24%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 EPS. Equities analysts predict that Wintrust Financial Corporation will post $4.30 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Royal Bank of Canada Boosts Stake in Wintrust Financial Corporation (WTFC)” was first published by Watch List News and is owned by of Watch List News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at https://www.watchlistnews.com/royal-bank-of-canada-boosts-stake-in-wintrust-financial-corporation-wtfc/1615393.html.

In related news, Director Gary D. Sweeney acquired 485 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The shares were acquired at an average price of $77.12 per share, with a total value of $37,403.20. Following the acquisition, the director now owns 2,186 shares of the company’s stock, valued at approximately $168,584.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David A. Dykstra sold 26,861 shares of the stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $76.82, for a total value of $2,063,462.02. Following the sale, the executive vice president now directly owns 185,651 shares in the company, valued at approximately $14,261,709.82. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Hovde Group reissued a “market perform” rating and set a $80.00 target price (up previously from $76.50) on shares of Wintrust Financial Corporation in a report on Wednesday, August 2nd. ValuEngine raised Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Jefferies Group LLC reissued a “hold” rating and set a $80.00 target price on shares of Wintrust Financial Corporation in a report on Friday, August 11th. Zacks Investment Research raised Wintrust Financial Corporation from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Wednesday, September 27th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating on shares of Wintrust Financial Corporation in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Wintrust Financial Corporation has an average rating of “Hold” and an average target price of $81.13.

Wintrust Financial Corporation 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.

Institutional Ownership by Quarter for Wintrust Financial Corporation (NASDAQ:WTFC)

Receive News & Ratings for Wintrust Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.