Wintrust Financial Corp (WTFC) : Mesirow Financial Investment Management – Equity Management scooped up 456,765 additional shares in Wintrust Financial Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 473,107 shares of Wintrust Financial Corp which is valued at $25,382,191.Wintrust Financial Corp makes up approximately 1.44% of Mesirow Financial Investment Management – Equity Management’s portfolio.
Other Hedge Funds, Including , Los Angeles Capital Management Equity Research Inc sold out all of its stake in WTFC during the most recent quarter. The investment firm sold 32,172 shares of WTFC which is valued $1,726,028.Sg Americas Securities reduced its stake in WTFC by selling 6,466 shares or 44.31% in the most recent quarter. The Hedge Fund company now holds 8,125 shares of WTFC which is valued at $429,731.Hermes Investment Management Ltd reduced its stake in WTFC by selling 16,988 shares or 1.86% in the most recent quarter. The Hedge Fund company now holds 897,696 shares of WTFC which is valued at $48,044,690. Wintrust Financial Corp makes up approx 0.94% of Hermes Investment Management Ltd’s portfolio.
Wintrust Financial Corp opened for trading at $53.34 and hit $54.07 on the upside on Monday, eventually ending the session at $53.92, with a gain of 0.95% or 0.51 points. The heightened volatility saw the trading volume jump to 2,15,572 shares. Company has a market cap of $2,786 M.
On the company’s financial health, Wintrust Financial Corp reported $0.90 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.86. The company had revenue of $260.10 million for the quarter, compared to analysts expectations of $245.66 million. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS.
Many Wall Street Analysts have commented on Wintrust Financial Corp. Wintrust Financial Corp was Initiated by Piper Jaffray to “Neutral” on Jun 10, 2016.
Wintrust Financial Corporation (Wintrust) is a financial holding company. The Company conducts its businesses through three segments: community banking specialty finance and wealth management. It provides community-oriented personal and commercial banking services to customers located in the Chicago metropolitan area and in southeastern Wisconsin through its 15 wholly owned banking subsidiaries as well as the origination and purchase of residential mortgages for sale into the secondary market through Wintrust Mortgage a division of Barrington Bank and Trust Company N.A (Barrington Bank). The Company provides specialty finance services including financing for the payment of commercial insurance premiums and life insurance premiums on a national basis short-term accounts receivable financing and outsourced administrative services.