Strategic Investment Solutions Inc. IL Sells 1,500 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Strategic Investment Solutions Inc. IL decreased its position in shares of Wintrust Financial Co. (NASDAQ:WTFC) by 26.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,129 shares of the bank’s stock after selling 1,500 shares during the quarter. Strategic Investment Solutions Inc. IL’s holdings in Wintrust Financial were worth $448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Concord Wealth Partners bought a new position in shares of Wintrust Financial during the first quarter worth approximately $26,000. Versant Capital Management Inc lifted its position in Wintrust Financial by 825.0% during the second quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock worth $29,000 after purchasing an additional 264 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Wintrust Financial in the 3rd quarter valued at approximately $35,000. UMB Bank n.a. lifted its stake in Wintrust Financial by 62.0% during the third quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock worth $56,000 after purchasing an additional 196 shares during the last quarter. Finally, Whittier Trust Co. lifted its stake in Wintrust Financial by 138.8% during the first quarter. Whittier Trust Co. now owns 578 shares of the bank’s stock worth $60,000 after purchasing an additional 336 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Citigroup lifted their price target on Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday. Wedbush restated an “outperform” rating and issued a $130.00 price target on shares of Wintrust Financial in a research note on Tuesday. Keefe, Bruyette & Woods downgraded shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $110.00 to $115.00 in a report on Friday, July 19th. Royal Bank of Canada lifted their price target on Wintrust Financial from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Tuesday, July 9th. Finally, Jefferies Financial Group lowered their target price on Wintrust Financial from $118.00 to $116.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Wintrust Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.00.

Wintrust Financial Stock Down 0.1 %

WTFC stock traded down $0.09 during trading on Friday, reaching $114.08. 25,956 shares of the stock were exchanged, compared to its average volume of 382,651. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.73. Wintrust Financial Co. has a twelve month low of $72.14 and a twelve month high of $117.77. The firm’s 50 day moving average is $107.44 and its 200 day moving average is $102.24. The firm has a market cap of $7.59 billion, a P/E ratio of 11.95 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing the consensus estimate of $2.50 by ($0.03). Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The business had revenue of $615.73 million for the quarter, compared to analyst estimates of $623.45 million. During the same quarter in the previous year, the company posted $2.53 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, research analysts forecast that Wintrust Financial Co. will post 10.11 EPS for the current year.

Wintrust Financial Profile

Wintrust Financial Corporation operates as a financial holding company. 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), online and mobile banking, and other services.