Shares last traded at $79.44 which is just a bit higher than the 50 day moving average of $75.42 and slightly over the 200 day moving average of $73.76. The 50 day moving average was up $4.02 and the 200 day average moved up $5.68. 266K shares changed hands on Tuesday. Shares saw a steep decrease in trading volume of 41.01% under the normal average daily volume.
Short traders are more bullish on shares of the company lately if you pay attention to the motion in short interest. The stock realized a fall in short interest of -26.11% between September 15, 2017 and September 29, 2017. Short shares decreased 438,248 over that period. Days to cover decreased -1.0 to 4.0 and the short interest percentage is 0.02% as of September 29.
These firms have modified their investment in WTFC. Shell Asset Management CO trimmed its position by selling 300 shares a decrease of 2.6% from 06/30/2017 to 09/30/2017. Shell Asset Management CO claims 11,431 shares worth $895,000. The total value of its holdings decreased 0.2%. As of quarter end Sit Investment Associates Inc had acquired a total of 665 shares growing its position 5.5%. The value of the company’s investment in Wintrust Financial Corporation increased from $925,000 to $1,000,000 a change of 8.1% for the reporting period.
State Treasurer State Of Michigan downsized its stake by shedding 1,900 shares a decrease of 8.3% in the quarter. State Treasurer State Of Michigan currently owns 21,000 shares with a value of $1,645,000. The value of the position overall is down by 6.0%. As of the end of the quarter Bowling Portfolio Management LLC had sold 11,535 shares trimming its holdings by 55.3%. The value of the investment in (WTFC) went from $1,594,000 to $729,000 a change of $865,000 quarter over quarter.
The company is so far trading unchanged by %% since yesterday’s close of 79.44. Wintrust Financial Corporation also recently declared a dividend that was paid on Thu Aug 24, 2017. The dividend payment was $0.140 per share for the quarter which comes to $0.56 on an annualized basis. The dividend yield was $0.70. The ex-dividend date was Tuesday the 8th of August 2017.
The company currently has a P/E ratio of 20.04 and the market cap of the company is 4.43B. In the latest earnings report the EPS was $3.96 and is expected to be $4.32 for the current year with 55,810,000 shares outstanding. Analysts expect next quarter’s EPS to be $1.13 with next year’s EPS projected to be $4.80.
Wintrust Financial Corporation, launched on December 30, 1992, is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. As of December 31, 2016, the Company provided community-oriented, personal and commercial banking services to customers located in the Chicago metropolitan area and in southeastern Wisconsin through its 15 banking subsidiaries (the banks), as well as the origination and purchase of residential mortgages for sale into the secondary market through Wintrust Mortgage, a division of Barrington Bank and Trust Company, N.A. (Barrington Bank)..