Shares of Wintrust Financial Corp (NASDAQ:WTFC) have received a consensus recommendation of “Hold” from the thirteen brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $51.63.
Several research firms recently commented on WTFC. ValuEngine downgraded shares of Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Raymond James restated a “buy” rating and issued a $58.00 price target on shares of Wintrust Financial in a research note on Thursday, August 6th. Zacks Investment Research upgraded shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, September 9th. Finally, BidaskClub downgraded shares of Wintrust Financial from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 23rd.
Shares of WTFC stock traded up $1.85 on Monday, hitting $42.84. The company’s stock had a trading volume of 276,660 shares, compared to its average volume of 523,319. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.99 and a current ratio of 1.02. The stock’s 50 day moving average is $42.78 and its 200-day moving average is $40.61. Wintrust Financial has a fifty-two week low of $22.02 and a fifty-two week high of $71.95. The company has a market capitalization of $2.47 billion, a PE ratio of 9.50, a PEG ratio of 0.70 and a beta of 1.58.
Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Tuesday, July 21st. The bank reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.36). Wintrust Financial had a net margin of 14.33% and a return on equity of 7.63%. The business had revenue of $425.12 million during the quarter, compared to analyst estimates of $374.45 million. On average, research analysts forecast that Wintrust Financial will post 3.54 earnings per share for the current year.
In related news, Director Gary D. Sweeney purchased 785 shares of Wintrust Financial stock in a transaction dated Thursday, July 23rd. The shares were bought at an average cost of $44.66 per share, for a total transaction of $35,058.10. Following the purchase, the director now owns 6,433 shares in the company, valued at approximately $287,297.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Edward J. Wehmer purchased 1,189 shares of Wintrust Financial stock in a transaction dated Monday, August 31st. The stock was bought at an average price of $26.57 per share, for a total transaction of $31,591.73. Following the completion of the purchase, the chief executive officer now owns 147,124 shares in the company, valued at approximately $3,909,084.68. The disclosure for this purchase can be found here. Corporate insiders own 1.58% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of WTFC. Channing Capital Management LLC acquired a new stake in shares of Wintrust Financial in the 2nd quarter valued at approximately $33,474,000. Deutsche Bank AG raised its holdings in Wintrust Financial by 1,721.8% in the 1st quarter. Deutsche Bank AG now owns 633,723 shares of the bank’s stock valued at $20,824,000 after buying an additional 598,938 shares during the last quarter. Silvercrest Asset Management Group LLC bought a new position in Wintrust Financial in the 2nd quarter valued at approximately $11,678,000. Fisher Asset Management LLC raised its holdings in Wintrust Financial by 56.6% in the 2nd quarter. Fisher Asset Management LLC now owns 678,836 shares of the bank’s stock valued at $29,611,000 after buying an additional 245,402 shares during the last quarter. Finally, Frontier Capital Management Co. LLC raised its holdings in Wintrust Financial by 29.9% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 806,483 shares of the bank’s stock valued at $35,179,000 after buying an additional 185,727 shares during the last quarter. Institutional investors own 88.82% of the company’s stock.
About Wintrust Financial
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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