Harvest Fund Management Co. Ltd Buys 747 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Harvest Fund Management Co. Ltd boosted its stake in Wintrust Financial Co. (NASDAQ:WTFC) by 134.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,302 shares of the bank’s stock after purchasing an additional 747 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Wintrust Financial were worth $122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Quent Capital LLC grew its position in Wintrust Financial by 120.8% in the fourth quarter. Quent Capital LLC now owns 351 shares of the bank’s stock worth $33,000 after acquiring an additional 192 shares in the last quarter. GAMMA Investing LLC bought a new stake in Wintrust Financial in the fourth quarter worth $41,000. McGlone Suttner Wealth Management Inc. bought a new stake in Wintrust Financial in the fourth quarter worth $46,000. Huntington National Bank boosted its position in Wintrust Financial by 30.6% during the third quarter. Huntington National Bank now owns 725 shares of the bank’s stock valued at $55,000 after buying an additional 170 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in shares of Wintrust Financial by 21.7% during the third quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the bank’s stock valued at $78,000 after buying an additional 183 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WTFC. Citigroup dropped their target price on Wintrust Financial from $115.00 to $113.00 and set a “buy” rating for the company in a report on Monday. Royal Bank of Canada lifted their target price on shares of Wintrust Financial from $109.00 to $116.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods increased their target price on shares of Wintrust Financial from $103.00 to $106.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. UBS Group lifted their price objective on Wintrust Financial from $105.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Finally, Wedbush restated an “outperform” rating and set a $116.00 target price on shares of Wintrust Financial in a report on Thursday, April 18th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Wintrust Financial has an average rating of “Buy” and a consensus target price of $112.33.

Insider Buying and Selling

In other news, EVP Jeffrey D. Hahnfeld sold 588 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total value of $57,553.44. Following the transaction, the executive vice president now owns 3,410 shares in the company, valued at $333,770.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Jeffrey D. Hahnfeld sold 588 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total value of $57,553.44. Following the completion of the transaction, the executive vice president now owns 3,410 shares in the company, valued at $333,770.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward J. Wehmer sold 9,500 shares of Wintrust Financial stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $99.36, for a total value of $943,920.00. Following the completion of the sale, the insider now owns 177,124 shares of the company’s stock, valued at $17,599,040.64. The disclosure for this sale can be found here. Insiders have sold a total of 10,309 shares of company stock worth $1,023,730 in the last quarter. Corporate insiders own 1.47% of the company’s stock.

Wintrust Financial Price Performance

WTFC stock opened at $99.17 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.97 and a current ratio of 0.98. The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of 10.26 and a beta of 1.21. The firm has a 50 day moving average price of $98.52 and a 200-day moving average price of $91.45. Wintrust Financial Co. has a 52-week low of $58.12 and a 52-week high of $105.29.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Thursday, April 18th. The bank reported $2.89 EPS for the quarter, topping the consensus estimate of $2.42 by $0.47. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. The business had revenue of $604.77 million for the quarter, compared to the consensus estimate of $577.80 million. During the same period in the previous year, the company posted $2.80 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts forecast that Wintrust Financial Co. will post 10.12 EPS for the current fiscal year.

Wintrust Financial Company 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.