Price Action to Note: Wintrust Financial Corp Stock Is An Record High Flier

Price Action to Note: Wintrust Financial Corp Stock Is An Record High Flier

The stock of Wintrust Financial Corp (NASDAQ:WTFC) reached all time high today, Nov, 22 and still has $67.22 target or 4.00% above today’s $64.63 share price. This indicates more upside for the $3.35 billion company. This technical setup was reported by If the $67.22 PT is reached, the company will be worth $134.00 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 131,256 shares traded hands. Wintrust Financial Corp (NASDAQ:WTFC) has risen 25.19% since April 20, 2016 and is uptrending. It has outperformed by 20.64% the S&P500.

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 Thursday, September 3 the stock rating was upgraded by Zacks to “Buy”. Macquarie Research maintained Wintrust Financial Corp (NASDAQ:WTFC) rating on Monday, October 19. Macquarie Research has “Neutral” rating and $50 price target. The firm has “Neutral” rating given on Friday, June 10 by Piper Jaffray. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, January 20. As per Monday, October 19, the company rating was maintained by SunTrust. The stock of Wintrust Financial Corp (NASDAQ:WTFC) has “Market Perform” rating given on Wednesday, August 24 by Hovde Group.

According to Zacks Investment Research, “Wintrust Financial Corporation is a bank holding company which provides banking services, trust and investment services, commercial insurance premium financing, short-term accounts receivable financing, and certain administrative services. They provide community-oriented, personal and commercial banking services through their subsidiaries, Lake Forest Bank & Trust Company, Hinsdale Bank & Trust Company, North Shore Community Bank & Trust Company, Libertyville Bank & Trust Company, Barrington Bank & Trust Company, Crystal Lake Bank & Trust Company, and Northbrook Bank & Trust Company.”

Insitutional Activity: The institutional sentiment decreased to 1.16 in Q2 2016. Its down 0.46, from 1.62 in 2016Q1. The ratio worsened, 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.
The Florida-based Raymond James Finance Advsrs Inc has invested 0.01% in Wintrust Financial Corp (NASDAQ:WTFC). Fisher Asset Mgmt Ltd Llc accumulated 1.31M shares or 0.13% of the stock. Alliancebernstein L P holds 0% of its portfolio in Wintrust Financial Corp (NASDAQ:WTFC) for 78,696 shares. Strs Ohio last reported 5,300 shares in the company. Alpenglow L P last reported 57,900 shares in the company. Maltese Mngmt Limited Liability Co accumulated 0.83% or 130,000 shares. Qs Invsts Ltd Liability Corporation has 100,607 shares for 0.04% of their US portfolio. Lpl Financial Limited Liability Co last reported 0% of its portfolio in the stock. California State Teachers Retirement holds 0.01% of its portfolio in Wintrust Financial Corp (NASDAQ:WTFC) for 101,699 shares. Teachers Retirement Of The State Of Kentucky holds 0.03% of its portfolio in Wintrust Financial Corp (NASDAQ:WTFC) for 40,420 shares. Moreover, Tiaa Cref Inv Mgmt Limited Co has 0.01% invested in Wintrust Financial Corp (NASDAQ:WTFC) for 228,070 shares. Clearbridge Ltd Liability owns 77,222 shares or 0% of their US portfolio. The Illinois-based Citadel Limited Liability Company has invested 0.02% in Wintrust Financial Corp (NASDAQ:WTFC). The New York-based Jacobs Asset Mgmt Llc has invested 2.52% in Wintrust Financial Corp (NASDAQ:WTFC). Fmr Llc has invested 0% of its portfolio in Wintrust Financial Corp (NASDAQ:WTFC).

Insider Transactions: Since July 21, 2016, the stock had 3 insider purchases, and 2 selling transactions for $107,262 net activity. GLABE MARLA F bought 380 shares worth $20,231. $504,545 worth of Wintrust Financial Corp (NASDAQ:WTFC) was bought by HACKETT H PATRICK JR. Another trade for 7,252 shares valued at $398,860 was made by STOEHR DAVID L on Thursday, October 20. Shares for $68,154 were sold by MURPHY RICHARD B.

More recent Wintrust Financial Corp (NASDAQ:WTFC) news were published by: which released: “Wintrust Financial Corp.: Another Growthy U.S. Regional FC” on October 18, 2016. Also published the news titled: “Wintrust Financial Corp. Reveals 42% Rise In Q3 Profit” on October 17, 2016.‘s news article titled: “Wintrust Financial Corporation Announces Offering of Common Stock” with publication date: June 08, 2016 was also an interesting one.

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).

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