BidaskClub upgraded shares of Wintrust Financial (NASDAQ:WTFC) from a hold rating to a buy rating in a research report sent to investors on Friday, March 9th.
Several other equities analysts have also recently issued reports on WTFC. FIG Partners upgraded shares of Wintrust Financial from a market perform rating to an outperform rating in a research note on Friday, February 9th. Hovde Group reiterated a market perform rating and issued a $90.00 price objective (up previously from $85.00) on shares of Wintrust Financial in a research note on Thursday, February 8th. DA Davidson increased their price objective on shares of Wintrust Financial to $93.00 and gave the stock a neutral rating in a research note on Wednesday, January 24th. SunTrust Banks reiterated a hold rating and issued a $88.00 price objective on shares of Wintrust Financial in a research note on Wednesday, November 29th. Finally, Zacks Investment Research cut shares of Wintrust Financial from a buy rating to a hold rating in a research note on Saturday, November 18th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Wintrust Financial currently has an average rating of Hold and an average price target of $90.40.
WTFC traded down $1.54 during midday trading on Friday, hitting $84.51. 328,640 shares of the company traded hands, compared to its average volume of 366,502. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 1.01. The stock has a market capitalization of $4,837.95, a P/E ratio of 19.56, a P/E/G ratio of 1.15 and a beta of 0.83. Wintrust Financial has a 52 week low of $64.14 and a 52 week high of $91.67.
Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Monday, January 22nd. The bank reported $1.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.04. The business had revenue of $300.14 million for the quarter, compared to analysts’ expectations of $299.47 million. Wintrust Financial had a net margin of 20.35% and a return on equity of 9.49%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 EPS. research analysts forecast that Wintrust Financial will post 5.53 EPS for the current fiscal year.
In related news, CFO David L. Stoehr sold 5,268 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $87.59, for a total value of $461,424.12. Following the completion of the sale, the chief financial officer now directly owns 11,347 shares of the company’s stock, valued at approximately $993,883.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David A. Dykstra sold 11,235 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $87.56, for a total transaction of $983,736.60. Following the completion of the sale, the executive vice president now directly owns 39,365 shares of the company’s stock, valued at $3,446,799.40. The disclosure for this sale can be found here. Over the last three months, insiders purchased 21 shares of company stock valued at $1,170 and sold 30,676 shares valued at $2,687,566. Corporate insiders own 1.97% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB purchased a new stake in Wintrust Financial in the 4th quarter worth approximately $406,000. MetLife Investment Advisors LLC purchased a new stake in Wintrust Financial during the 4th quarter valued at approximately $4,940,000. Castleark Management LLC purchased a new stake in Wintrust Financial during the 4th quarter valued at approximately $231,000. Financial Advocates Investment Management purchased a new stake in Wintrust Financial during the 4th quarter valued at approximately $934,000. Finally, Jane Street Group LLC grew its holdings in Wintrust Financial by 200.1% during the 4th quarter. Jane Street Group LLC now owns 9,945 shares of the bank’s stock valued at $819,000 after buying an additional 6,631 shares in the last quarter. 90.99% of the stock is owned by institutional investors.
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Wintrust Financial Company Profile
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), Internet banking, and other services.
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