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Wintrust Financial Co. (NASDAQ:WTFC) Short Interest Up 25.1% in September

Defense World ·  09/29 16:02

Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 1,100,000 shares, a growth of 25.1% from the August 31st total of 879,400 shares. Based on an average daily trading volume, of 382,000 shares, the days-to-cover ratio is currently 2.9 days.

Wintrust Financial Price Performance

Wintrust Financial stock opened at $82.28 on Thursday. The stock's 50 day moving average is $85.98 and its 200 day moving average is $86.42. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.96. The firm has a market cap of $5.00 billion, a P/E ratio of 11.91 and a beta of 1.24. Wintrust Financial has a one year low of $76.13 and a one year high of $105.56.

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Wintrust Financial (NASDAQ:WTFC – Get Rating) last posted its quarterly earnings data on Wednesday, July 20th. The bank reported $1.49 EPS for the quarter, missing analysts' consensus estimates of $1.69 by ($0.20). Wintrust Financial had a return on equity of 10.43% and a net margin of 22.78%. The company had revenue of $440.75 million during the quarter, compared to analyst estimates of $449.93 million. During the same period in the prior year, the firm earned $1.70 earnings per share. As a group, research analysts expect that Wintrust Financial will post 7.99 EPS for the current year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Shareholders of record on Thursday, August 11th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.65%. The ex-dividend date was Wednesday, August 10th. Wintrust Financial's dividend payout ratio (DPR) is presently 19.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on WTFC shares. Truist Financial lifted their target price on Wintrust Financial to $100.00 in a report on Monday, July 25th. Jefferies Financial Group decreased their target price on Wintrust Financial from $109.00 to $96.00 in a research report on Monday, July 11th. Piper Sandler lifted their target price on Wintrust Financial to $107.00 in a research report on Friday, July 22nd. Raymond James decreased their target price on Wintrust Financial from $130.00 to $111.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, June 29th. Finally, DA Davidson reiterated a "buy" rating on shares of Wintrust Financial in a research report on Wednesday, July 27th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $105.29.

Hedge Funds Weigh In On Wintrust Financial

Institutional investors have recently added to or reduced their stakes in the business. Verition Fund Management LLC raised its position in shares of Wintrust Financial by 740.4% during the second quarter. Verition Fund Management LLC now owns 40,490 shares of the bank's stock worth $3,245,000 after purchasing an additional 35,672 shares during the period. Legal & General Group Plc raised its position in shares of Wintrust Financial by 1.4% during the second quarter. Legal & General Group Plc now owns 85,233 shares of the bank's stock worth $6,832,000 after purchasing an additional 1,211 shares during the period. Walleye Capital LLC raised its position in shares of Wintrust Financial by 254.2% during the second quarter. Walleye Capital LLC now owns 49,068 shares of the bank's stock worth $3,933,000 after purchasing an additional 35,215 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Wintrust Financial by 136.2% during the second quarter. Goldman Sachs Group Inc. now owns 664,210 shares of the bank's stock worth $53,237,000 after purchasing an additional 382,944 shares during the period. Finally, Centiva Capital LP acquired a new position in shares of Wintrust Financial during the second quarter worth approximately $248,000. 92.21% of the stock is owned by institutional investors and hedge funds.

About Wintrust Financial

(Get Rating)

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.

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