Profund Advisors LLC Has $372,000 Stock Holdings in Wintrust Financial Corp (NASDAQ:WTFC)

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Profund Advisors LLC trimmed its holdings in Wintrust Financial Corp (NASDAQ:WTFC) by 7.1% during the second quarter, Holdings Channel reports. The firm owned 5,087 shares of the bank’s stock after selling 390 shares during the quarter. Profund Advisors LLC’s holdings in Wintrust Financial were worth $372,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Advisory Services Network LLC lifted its stake in shares of Wintrust Financial by 345.2% in the 2nd quarter. Advisory Services Network LLC now owns 374 shares of the bank’s stock valued at $27,000 after purchasing an additional 290 shares during the period. Smith Asset Management Group LP acquired a new position in Wintrust Financial during the 2nd quarter worth approximately $29,000. AllSquare Wealth Management LLC acquired a new position in Wintrust Financial during the 2nd quarter worth approximately $46,000. NumerixS Investment Technologies Inc acquired a new position in Wintrust Financial during the 1st quarter worth approximately $88,000. Finally, Machina Capital S.A.S. acquired a new position in Wintrust Financial during the 2nd quarter worth approximately $135,000. 88.16% of the stock is currently owned by institutional investors.

WTFC traded down $0.26 during midday trading on Friday, reaching $65.67. 467,519 shares of the company were exchanged, compared to its average volume of 348,160. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.99 and a current ratio of 1.00. The company’s fifty day moving average price is $64.21 and its 200 day moving average price is $69.96. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 0.80 and a beta of 1.09. Wintrust Financial Corp has a one year low of $59.34 and a one year high of $90.92.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Monday, July 15th. The bank reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.27). The company had revenue of $364.36 million for the quarter, compared to the consensus estimate of $365.40 million. Wintrust Financial had a return on equity of 10.72% and a net margin of 20.60%. During the same period in the prior year, the firm posted $1.53 earnings per share. As a group, sell-side analysts anticipate that Wintrust Financial Corp will post 6.14 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Wednesday, August 7th. Wintrust Financial’s dividend payout ratio is currently 17.06%.

A number of research analysts recently weighed in on WTFC shares. Zacks Investment Research raised Wintrust Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Wedbush dropped their price target on Wintrust Financial from $84.00 to $78.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 16th. Piper Jaffray Companies set a $92.00 price target on Wintrust Financial and gave the stock a “buy” rating in a research note on Monday, July 8th. Raymond James downgraded Wintrust Financial from a “strong-buy” rating to an “outperform” rating in a research note on Thursday, August 29th. Finally, ValuEngine raised Wintrust Financial from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 23rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $87.86.

In related news, Director Gary D. Sweeney acquired 747 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was purchased at an average cost of $66.92 per share, with a total value of $49,989.24. Following the acquisition, the director now owns 4,392 shares of the company’s stock, valued at approximately $293,912.64. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.58% of the company’s stock.

About Wintrust Financial

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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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 Corp (NASDAQ:WTFC).

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

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