Wintrust Finl Corp (NASDAQ:WTFC).
Raymond James & Associates reports that it lowered its investment in Wintrust Finl Corp stock by 25,384 shares as reported in a filing on 11/15/2017. Its stake stood at $21,928,000 a decrease of $1,417,000 as of quarter end.
Raymond James & Associates isn’t the only one who has changed their investment in WTFC. As of the end of the quarter First Mercantile Trust Co had bought 1,408 shares growing its stake by 26.1%. The value of the investment in WTFC increased from $412,000 to $532,000 a change of $120,000 for the reporting period. Raymond James & Associates divested its position by shedding 25,384 shares a decrease of 8.3%. Raymond James & Associates currently owns 279,991 shares with a value of $638,000. The value of the position overall is down by 6.1%.
Raymond James & Associates downsized its ownership by selling 25,384 shares a decrease of 8.3% from 06/30/2017 to 09/30/2017. Raymond James & Associates claims 279,991 shares worth $21,928,000. The total value of its holdings decreased 6.1%. As of quarter end Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had acquired a total of 18 shares growing its position 0.2%. The value of the investment in Wintrust Finl Corp went from $621,000 to $21,928,000 increasing 2.7% quarter to quarter.
Basswood Capital Management, L.l.c. bolstered its investment by buying 165,211 shares an increase of 1,149.2% as of 09/30/2017. Basswood Capital Management, L.l.c. owns 179,587 shares valued at $14,063,000. The total value of its holdings increased 1,179.6%.
October 20 investment analysts at Royal Bank Of Canada left the stock rating at “Buy” targeting a price of $84.00. SunTrust Banks updated its forecast on WTFC stating a rating of “Hold” and setting a price target of $79.00.
September 26 investment analysts at Keefe, Bruyette & Woods reiterated a “Buy” rating on the stock. On September 8 Royal Bank Of Canada maintained a company rating of “Buy” with a current price target of $84.00.
On September 1 Piper Jaffray Companies held the company rating at “Hold” projecting a price of $74.00. On August 22 Keefe, Bruyette & Woods made no change to the stock rating of “Buy” projecting a price of $82.00.
The company is now down since yesterday’s close of 78.36. The company currently has a P/E ratio of 18.78 and the market cap is 4.38B. As of the latest earnings report the EPS was $4.17 with 55.92M shares outstanding.
Traders are feeling more bullish on shares of the company of late as inferred by the decrease in short interest. The firm recorded a fall in short interest between September 29, 2017 and October 13, 2017 of -21.17%. Short shares decreased from 1,240,183 to 977,619 over that period. The short-interest ratio decreased to 3.0 and the percentage of shorted shares is 0.02% as of October 13.