Oppenheimer & Co. Inc. Buys 567 Shares of Wintrust Financial Corporation (WTFC)

Oppenheimer & Co. Inc. increased its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC) by 19.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,523 shares of the bank’s stock after purchasing an additional 567 shares during the period. Oppenheimer & Co. Inc.’s holdings in Wintrust Financial Corporation were worth $269,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Miles Capital Inc. increased its stake in Wintrust Financial Corporation by 0.3% in the 1st quarter. Miles Capital Inc. now owns 3,595 shares of the bank’s stock worth $248,000 after acquiring an additional 10 shares during the last quarter. United Capital Financial Advisers LLC increased its stake in Wintrust Financial Corporation by 0.3% in the 1st quarter. United Capital Financial Advisers LLC now owns 4,193 shares of the bank’s stock worth $290,000 after acquiring an additional 14 shares during the last quarter. Bellwether Investment Group LLC increased its stake in Wintrust Financial Corporation by 0.4% in the 2nd quarter. Bellwether Investment Group LLC now owns 3,666 shares of the bank’s stock worth $280,000 after acquiring an additional 14 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Wintrust Financial Corporation by 1.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 4,157 shares of the bank’s stock worth $318,000 after acquiring an additional 55 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its stake in Wintrust Financial Corporation by 0.6% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 11,800 shares of the bank’s stock worth $816,000 after acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

In related news, insider Edward J. Wehmer sold 29,779 shares of the business’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $76.89, for a total value of $2,289,707.31. Following the sale, the insider now directly owns 137,352 shares in the company, valued at $10,560,995.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gary D. Sweeney bought 485 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The stock was purchased at an average price of $77.12 per share, for a total transaction of $37,403.20. Following the completion of the transaction, the director now directly owns 2,186 shares of the company’s stock, valued at approximately $168,584.32. The disclosure for this purchase can be found here. 1.97% of the stock is owned by insiders.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this news story on another website, it was copied illegally and reposted in violation of US & international trademark and copyright law. The correct version of this news story can be accessed at https://www.chaffeybreeze.com/2017/09/20/oppenheimer-co-inc-buys-567-shares-of-wintrust-financial-corporation-wtfc.html.

A number of equities analysts have weighed in on the company. Jefferies Group LLC restated a “hold” rating and issued a $80.00 target price on shares of Wintrust Financial Corporation in a research note on Friday, August 11th. ValuEngine upgraded Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. Piper Jaffray Companies restated a “hold” rating and issued a $74.00 target price on shares of Wintrust Financial Corporation in a research note on Friday, September 1st. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $82.00 target price on shares of Wintrust Financial Corporation in a research note on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Wintrust Financial Corporation currently has an average rating of “Hold” and a consensus price target of $80.63.

Wintrust Financial Corporation (WTFC) opened at 72.72 on Wednesday. Wintrust Financial Corporation has a 12 month low of $51.66 and a 12 month high of $80.52. The stock’s 50 day moving average price is $72.50 and its 200 day moving average price is $72.46. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 18.34 and a beta of 0.81.

Wintrust Financial Corporation (NASDAQ:WTFC) last announced its quarterly earnings data on Tuesday, July 18th. The bank reported $1.11 EPS for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $279.69 million. During the same period in the previous year, the business earned $0.90 earnings per share. The business’s revenue was up 13.2% on a year-over-year basis. Equities research analysts anticipate that Wintrust Financial Corporation will post $4.30 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were given a $0.14 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $0.56 annualized dividend and a dividend yield of 0.77%. Wintrust Financial Corporation’s payout ratio is 14.11%.

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.

Want to see what other hedge funds are holding WTFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wintrust Financial Corporation (NASDAQ:WTFC).

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 MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply