As Wintrust Finl Corp (WTFC) Stock Value Declined, Stieven Capital Advisors LP Lowered Its Position

October 13, 2018 - By Peter Erickson

Wintrust Financial Corporation (NASDAQ:WTFC) LogoInvestors sentiment increased to 1.16 in 2018 Q2. Its up 0.38, from 0.78 in 2018Q1. It is positive, as 18 investors sold WTFC shares while 92 reduced holdings. 42 funds opened positions while 86 raised stakes. 47.90 million shares or 2.92% less from 49.34 million shares in 2018Q1 were reported. Utd Automobile Association holds 0.01% or 44,253 shares. 832 were reported by Whitnell Company. Renaissance Techs Limited Liability Corporation reported 59,200 shares. 37,103 were reported by Martingale Asset Limited Partnership. Moreover, Northern Tru Corp has 0.02% invested in Wintrust Financial Corporation (NASDAQ:WTFC) for 1.06M shares. Plante Moran Financial Advisors Ltd Company holds 0.02% or 372 shares. Granite Invest Limited reported 4,234 shares. Fuller And Thaler Asset Mngmt reported 0% of its portfolio in Wintrust Financial Corporation (NASDAQ:WTFC). Brandywine Global Inv Mgmt Limited Liability Co has 0.04% invested in Wintrust Financial Corporation (NASDAQ:WTFC) for 79,980 shares. Vestor Capital Lc has invested 0.53% in Wintrust Financial Corporation (NASDAQ:WTFC). Ny State Common Retirement Fund accumulated 0.02% or 142,718 shares. Louisiana State Employees Retirement Sys invested in 15,200 shares. Morgan Stanley, a New York-based fund reported 217,860 shares. Walleye Trading Ltd Co invested in 12,359 shares or 0.01% of the stock. Employees Retirement Association Of Colorado holds 10,789 shares.

Since April 19, 2018, it had 1 buy, and 3 insider sales for $1.34 million activity. Shares for $86,776 were sold by CRANE TIMOTHY on Friday, July 20. Another trade for 330 shares valued at $29,895 was made by SWEENEY GARY D on Thursday, April 19. $1.12 million worth of Wintrust Financial Corporation (NASDAQ:WTFC) was sold by WEHMER EDWARD J.

Stieven Capital Advisors Lp decreased its stake in Wintrust Finl Corp (WTFC) by 32.86% based on its latest 2018Q2 regulatory filing with the SEC. Stieven Capital Advisors Lp sold 35,800 shares as the company’s stock declined 7.32% while stock markets rallied. The hedge fund held 73,137 shares of the major banks company at the end of 2018Q2, valued at $6.37 million, down from 108,937 at the end of the previous reported quarter. Stieven Capital Advisors Lp who had been investing in Wintrust Finl Corp for a number of months, seems to be less bullish one the $4.59B market cap company. The stock decreased 1.90% or $1.58 during the last trading session, reaching $81.46. About 530,210 shares traded or 44.04% up from the average. Wintrust Financial Corporation (NASDAQ:WTFC) has risen 22.59% since October 13, 2017 and is uptrending. It has outperformed by 6.97% the S&P500.

Stieven Capital Advisors Lp, which manages about $284.20 million and $684.55M US Long portfolio, upped its stake in Fb Finl Corp by 152,100 shares to 324,300 shares, valued at $13.21M in 2018Q2, according to the filing. It also increased its holding in Banner Corp (NASDAQ:BANR) by 82,928 shares in the quarter, for a total of 185,870 shares, and has risen its stake in Tfs Finl Corp (NASDAQ:TFSL).

Analysts await Wintrust Financial Corporation (NASDAQ:WTFC) to report earnings on October, 17. They expect $1.54 EPS, up 37.50 % or $0.42 from last year’s $1.12 per share. WTFC’s profit will be $86.79 million for 13.22 P/E if the $1.54 EPS becomes a reality. After $1.53 actual EPS reported by Wintrust Financial Corporation for the previous quarter, Wall Street now forecasts 0.65 % EPS growth.

Wintrust Financial Corporation (NASDAQ:WTFC) Ratings Coverage

Among 7 analysts covering Wintrust Financial Corp (NASDAQ:WTFC), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Wintrust Financial Corp had 8 analyst reports since April 16, 2018 according to SRatingsIntel. On Monday, April 16 the stock rating was maintained by Jefferies with “Hold”. The firm earned “Buy” rating on Tuesday, April 17 by Keefe Bruyette & Woods. The stock of Wintrust Financial Corporation (NASDAQ:WTFC) earned “Hold” rating by SunTrust on Thursday, April 19. The rating was maintained by Wedbush on Wednesday, July 18 with “Outperform”. The firm has “Hold” rating by Sandler O’Neill given on Tuesday, April 17. Hovde Group maintained it with “Hold” rating and $9500 target in Monday, April 23 report. The firm has “Hold” rating given on Tuesday, April 17 by Piper Jaffray. The stock of Wintrust Financial Corporation (NASDAQ:WTFC) has “Outperform” rating given on Tuesday, April 17 by Wedbush.

Wintrust Financial Corporation (NASDAQ:WTFC) Institutional Positions Chart

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