Shorts On Watch: Wintrust Financial Corporation (NASDAQ:WTFC)’s Trend Unknown, Especially After Increased Shorts

November 21, 2016 - By Hazel Jackson   ·   0 Comments

Shorts On Watch: Wintrust Financial Corporation (NASDAQ:WTFC)’s Trend Unknown, Especially After Increased Shorts

The stock of Wintrust Financial Corporation (NASDAQ:WTFC) registered an increase of 4.17% in short interest. WTFC’s total short interest was 2.56M shares in November as published by FINRA. Its up 4.17% from 2.46M shares, reported previously. With 262,000 shares average volume, it will take short sellers 10 days to cover their WTFC’s short positions. The short interest to Wintrust Financial Corporation’s float is 5.03%. About 105,887 shares traded hands. Wintrust Financial Corp (NASDAQ:WTFC) has risen 26.17% since April 19, 2016 and is uptrending. It has outperformed by 22.31% the S&P500.

Wintrust Financial Corporation is a financial holding company. The company has a market cap of $3.37 billion. The Firm conducts its businesses through three divisions: community banking, specialty finance and wealth management. It has a 19.28 P/E ratio. The Firm provides community-oriented, personal and commercial banking services to clients located in the Chicago metropolitan area and in southeastern Wisconsin through its banking subsidiaries .

Insitutional Activity: The institutional sentiment decreased to 1.16 in 2016 Q2. Its down 0.46, from 1.62 in 2016Q1. The ratio turned negative, as 5 funds sold all Wintrust Financial Corp shares owned while 64 reduced positions. 34 funds bought stakes while 78 increased positions. They now own 46.73 million shares or 3.53% more from 45.13 million shares in 2016Q1.
Denver Advsr Ltd Llc has 307,139 shares for 0.71% of their US portfolio. California Pub Employees Retirement Systems accumulated 139,800 shares or 0.01% of the stock. Arizona State Retirement has 26,630 shares for 0.02% of their US portfolio. Cibc Asset accumulated 0% or 6,313 shares. Pnc Finance Svcs Grp holds 0% of its portfolio in Wintrust Financial Corp (NASDAQ:WTFC) for 3,585 shares. Blackrock Fund last reported 3.37M shares in the company. Virginia Retirement Et Al holds 0.01% or 16,200 shares in its portfolio. The Michigan-based Comerica Bank & Trust has invested 0.02% in Wintrust Financial Corp (NASDAQ:WTFC). Cantab Cap Prtnrs Llp owns 172 shares or 0% of their US portfolio. Rothschild Asset Mgmt has 0.4% invested in the company for 432,840 shares. Pinebridge Invests Ltd Partnership last reported 0.02% of its portfolio in the stock. Glenmede Tru Na holds 0.24% or 791,185 shares in its portfolio. Kistler has 0% invested in the company for 10 shares. Jpmorgan Chase Co has 0% invested in the company for 142,163 shares. Louisiana State Employees Retirement Systems last reported 22,800 shares in the company.

Insider Transactions: Since July 21, 2016, the stock had 3 insider purchases, and 2 selling transactions for $107,262 net activity. $20,231 worth of Wintrust Financial Corp (NASDAQ:WTFC) was bought by GLABE MARLA F. $504,545 worth of Wintrust Financial Corp (NASDAQ:WTFC) was bought by HACKETT H PATRICK JR on Friday, July 22. The insider MURPHY RICHARD B sold $68,154. On Thursday, October 20 STOEHR DAVID L sold $398,860 worth of the stock or 7,252 shares.

Wintrust Financial Corp (NASDAQ:WTFC) Ratings Coverage

Out of 8 analysts covering Wintrust Financial (NASDAQ:WTFC), 2 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 25% are positive. Wintrust Financial has been the topic of 8 analyst reports since July 20, 2015 according to StockzIntelligence Inc. On Monday, October 19 the stock rating was maintained by SunTrust with “Neutral”. On Thursday, September 3 the stock rating was upgraded by Zacks to “Buy”. Macquarie Research maintained the shares of WTFC in a report on Monday, October 19 with “Neutral” rating. Hovde Group initiated Wintrust Financial Corp (NASDAQ:WTFC) rating on Wednesday, August 24. Hovde Group has “Market Perform” rating and $59 price target. The firm has “Neutral” rating given on Friday, June 10 by Piper Jaffray. The firm has “Outperform” rating given on Wednesday, January 20 by RBC Capital Markets.

WTFC Company Profile

Wintrust Financial Corporation, incorporated on December 30, 1992, is a financial holding company. The Firm conducts its businesses through three divisions: community banking, specialty finance and wealth management. The Firm provides community-oriented, personal and commercial banking services to clients located in the Chicago metropolitan area and in southeastern Wisconsin through its banking subsidiaries (the banks). The Firm provides wealth management services to clients in its market area through its subsidiaries, The Chicago Trust Company, N.A. (CTC), Wayne Hummer Investments, LLC (WHI) and Great Lakes Advisors, LLC (Great Lakes Advisors).

More notable recent Wintrust Financial Corp (NASDAQ:WTFC) news were published by: Globenewswire.com which released: “Wintrust Financial Corporation Announces the Closing of the Acquisition of …” on November 18, 2016, also Globenewswire.com with their article: “Wintrust Financial Corporation Announces Plans to Acquire First Community …” published on July 06, 2016, Dailyherald.com published: “Wintrust Financial Corp. to acquire GE Capital franchise loans” on June 28, 2016. More interesting news about Wintrust Financial Corp (NASDAQ:WTFC) were released by: Globenewswire.com and their article: “Wintrust Financial Corporation Announces Plans to Acquire Generations Bancorp …” published on January 14, 2016 as well as Seekingalpha.com‘s news article titled: “Wintrust Financial Corp.: Another Growthy U.S. Regional FC” with publication date: October 18, 2016.

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By Hazel Jackson


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