It Seems Wintrust Financial Corporation (WTFC) Will Go Up. Just Reaches 52-Week High

April 24, 2018 - By Vivian Currie

Wintrust Financial Corporation (NASDAQ:WTFC) Logo

Investors sentiment decreased to 1.25 in 2017 Q4. Its down 0.38, from 1.63 in 2017Q3. It dived, as 14 investors sold Wintrust Financial Corporation shares while 92 reduced holdings. 42 funds opened positions while 91 raised stakes. 49.58 million shares or 1.16% less from 50.16 million shares in 2017Q3 were reported.
Proshare Advisors Limited Liability Co reported 0.01% of its portfolio in Wintrust Financial Corporation (NASDAQ:WTFC). Oppenheimer Comm stated it has 4,377 shares. Meeder Asset Management holds 0.02% or 2,654 shares in its portfolio. Brown Brothers Harriman And Comm invested in 0% or 100 shares. Cim Investment Mangement owns 7,120 shares. Federated Pa invested 0.05% of its portfolio in Wintrust Financial Corporation (NASDAQ:WTFC). Clearbridge Investments Lc invested 0% of its portfolio in Wintrust Financial Corporation (NASDAQ:WTFC). Ls Inv Advsr Limited Liability Co invested 0.02% in Wintrust Financial Corporation (NASDAQ:WTFC). Moreover, Credit Suisse Ag has 0% invested in Wintrust Financial Corporation (NASDAQ:WTFC). Css Llc Il has 0.15% invested in Wintrust Financial Corporation (NASDAQ:WTFC) for 37,984 shares. 183 were reported by First Personal Fincl. Clarivest Asset Mngmt accumulated 57,304 shares or 0.08% of the stock. Wellington Management Gru Llp holds 0% in Wintrust Financial Corporation (NASDAQ:WTFC) or 33,077 shares. Stevens Capital Mngmt Lp owns 18,560 shares. Phocas Finance Corporation invested 1.33% in Wintrust Financial Corporation (NASDAQ:WTFC).

Since October 26, 2017, it had 0 insider buys, and 4 sales for $4.21 million activity. $1.24M worth of Wintrust Financial Corporation (NASDAQ:WTFC) was sold by WEHMER EDWARD J. DYKSTRA DAVID A also sold $983,737 worth of Wintrust Financial Corporation (NASDAQ:WTFC) on Monday, January 29. 3,178 Wintrust Financial Corporation (NASDAQ:WTFC) shares with value of $254,240 were sold by ZIDAR THOMAS P. Shares for $1.53 million were sold by MURPHY RICHARD B on Monday, January 29.

The stock of Wintrust Financial Corporation (NASDAQ:WTFC) hit a new 52-week high and has $97.76 target or 6.00 % above today’s $92.23 share price. The 5 months bullish chart indicates low risk for the $5.19 billion company. The 1-year high was reported on Apr, 24 by Barchart.com. If the $97.76 price target is reached, the company will be worth $311.34M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.23% or $0.21 during the last trading session, reaching $92.23. About 121,115 shares traded. Wintrust Financial Corporation (NASDAQ:WTFC) has risen 23.71% since April 24, 2017 and is uptrending. It has outperformed by 12.16% the S&P500.

Wintrust Financial Corporation (NASDAQ:WTFC) Ratings Coverage

Among 10 analysts covering Wintrust Financial Corp (NASDAQ:WTFC), 3 have Buy rating, 0 Sell and 7 Hold. Therefore 30% are positive. Wintrust Financial Corp had 23 analyst reports since November 5, 2017 according to SRatingsIntel. FIG Partners upgraded the stock to “Buy” rating in Friday, February 9 report. RBC Capital Markets maintained the shares of WTFC in report on Tuesday, January 23 with “Buy” rating. SunTrust maintained Wintrust Financial Corporation (NASDAQ:WTFC) on Sunday, November 5 with “Hold” rating. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Tuesday, December 12. SunTrust maintained Wintrust Financial Corporation (NASDAQ:WTFC) rating on Monday, January 8. SunTrust has “Hold” rating and $94.0 target. The stock has “Hold” rating by Hovde Group on Thursday, February 8. The rating was downgraded by FIG Partners to “Hold” on Monday, March 12. Keefe Bruyette & Woods maintained Wintrust Financial Corporation (NASDAQ:WTFC) rating on Thursday, December 21. Keefe Bruyette & Woods has “Buy” rating and $97.0 target. The stock of Wintrust Financial Corporation (NASDAQ:WTFC) has “Hold” rating given on Tuesday, April 17 by Piper Jaffray. On Monday, April 16 the stock rating was maintained by Jefferies with “Hold”.

Wintrust Financial Corporation, a financial holding company, provides banking and other financial services and products to clients in the Chicago metropolitan area and in southern Wisconsin. The company has market cap of $5.19 billion. It operates in three divisions: Community Banking, Specialty Finance, and Wealth Management. It has a 20.96 P/E ratio. The Community Banking segment offers personal and commercial banking services primarily to individuals, small to mid-sized businesses, local governmental units, and institutional customers.

Wintrust Financial Corporation (NASDAQ:WTFC) Institutional Positions Chart

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