Fox Run Management L.L.C. Buys New Position in Wintrust Financial Corp (WTFC)

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Fox Run Management L.L.C. bought a new stake in Wintrust Financial Corp (NASDAQ:WTFC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,647 shares of the bank’s stock, valued at approximately $395,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. lifted its stake in shares of Wintrust Financial by 11.3% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 6,106 shares of the bank’s stock valued at $532,000 after purchasing an additional 620 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Wintrust Financial by 3.0% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 21,516 shares of the bank’s stock valued at $1,873,000 after purchasing an additional 632 shares during the period. Hancock Holding Co. lifted its stake in shares of Wintrust Financial by 12.7% in the 1st quarter. Hancock Holding Co. now owns 7,100 shares of the bank’s stock valued at $611,000 after purchasing an additional 800 shares during the period. Moneta Group Investment Advisors LLC lifted its stake in shares of Wintrust Financial by 99.4% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,705 shares of the bank’s stock valued at $148,000 after purchasing an additional 850 shares during the period. Finally, Oakbrook Investments LLC lifted its stake in shares of Wintrust Financial by 21.2% in the 2nd quarter. Oakbrook Investments LLC now owns 5,150 shares of the bank’s stock valued at $448,000 after purchasing an additional 900 shares during the period. Institutional investors own 88.34% of the company’s stock.

WTFC has been the subject of a number of recent research reports. Zacks Investment Research upgraded Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 6th. BidaskClub upgraded Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Thursday. Hovde Group set a $98.00 price objective on Wintrust Financial and gave the company a “hold” rating in a research note on Monday, July 23rd. Wedbush lifted their price objective on Wintrust Financial from $100.00 to $101.00 and gave the company a “$90.84” rating in a research note on Wednesday, July 18th. Finally, FIG Partners upgraded Wintrust Financial from a “market perform” rating to an “outperform” rating and set a $99.00 price objective for the company in a research note on Tuesday, October 2nd. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $95.00.

In other Wintrust Financial news, insider Timothy Crane sold 954 shares of Wintrust Financial stock in a transaction on Friday, July 20th. The stock was sold at an average price of $90.96, for a total value of $86,775.84. Following the completion of the sale, the insider now owns 17,272 shares of the company’s stock, valued at approximately $1,571,061.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Edward J. Wehmer sold 12,301 shares of Wintrust Financial stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $91.12, for a total value of $1,120,867.12. Following the completion of the sale, the insider now directly owns 133,308 shares of the company’s stock, valued at approximately $12,147,024.96. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by insiders.

Shares of NASDAQ:WTFC opened at $86.50 on Thursday. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 1.05 and a beta of 0.80. Wintrust Financial Corp has a 12-month low of $76.00 and a 12-month high of $99.96. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.00 and a quick ratio of 0.99.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Tuesday, July 17th. The bank reported $1.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.09. The business had revenue of $333.40 million during the quarter, compared to analysts’ expectations of $327.03 million. Wintrust Financial had a return on equity of 10.62% and a net margin of 22.07%. During the same quarter in the previous year, the business earned $1.11 earnings per share. As a group, research analysts anticipate that Wintrust Financial Corp will post 6.01 EPS for the current year.

Wintrust Financial Company Profile

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.

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

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