Wintrust Financial Corp (NASDAQ:WTFC) saw a large decline in short interest in December. As of December 29th, there was short interest totalling 522,264 shares, a decline of 39.0% from the December 15th total of 855,931 shares. Based on an average trading volume of 285,797 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.0% of the company’s shares are sold short.

In other news, CEO Edward J. Wehmer sold 9,000 shares of Wintrust Financial stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $79.91, for a total value of $719,190.00. Following the completion of the transaction, the chief executive officer now owns 121,873 shares in the company, valued at approximately $9,738,871.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Leona A. Gleason sold 8,441 shares of Wintrust Financial stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $80.78, for a total value of $681,863.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,500 shares of company stock valued at $3,563,512. 2.00% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of WTFC. Schwab Charles Investment Management Inc. lifted its stake in Wintrust Financial by 4.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 290,354 shares of the bank’s stock worth $22,195,000 after purchasing an additional 12,868 shares during the last quarter. Swiss National Bank lifted its stake in Wintrust Financial by 1.3% during the second quarter. Swiss National Bank now owns 86,467 shares of the bank’s stock worth $6,610,000 after purchasing an additional 1,100 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in Wintrust Financial by 19.2% during the second quarter. Oppenheimer & Co. Inc. now owns 3,523 shares of the bank’s stock worth $269,000 after purchasing an additional 567 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Wintrust Financial by 6.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,123 shares of the bank’s stock worth $621,000 after purchasing an additional 471 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Wintrust Financial by 2.2% during the second quarter. Wells Fargo & Company MN now owns 287,595 shares of the bank’s stock worth $21,984,000 after purchasing an additional 6,120 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Several brokerages have recently issued reports on WTFC. Royal Bank of Canada reiterated a “buy” rating and issued a $84.00 price objective on shares of Wintrust Financial in a research note on Friday, October 20th. BidaskClub cut Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Zacks Investment Research upgraded Wintrust Financial from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Wednesday, December 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $90.00 price objective on shares of Wintrust Financial in a research note on Thursday, December 14th. Finally, ValuEngine upgraded Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $86.88.

Shares of Wintrust Financial (NASDAQ:WTFC) opened at $87.81 on Friday. The firm has a market capitalization of $4,905.03, a P/E ratio of 21.06, a P/E/G ratio of 1.19 and a beta of 0.83. Wintrust Financial has a 52 week low of $64.14 and a 52 week high of $88.54. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 1.01.

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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.

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