Wintrust Financial Corp (NASDAQ:WTFC) has received a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $51.63.
A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, September 9th. Raymond James restated a “buy” rating and issued a $58.00 target price on shares of Wintrust Financial in a research note on Thursday, August 6th. BidaskClub lowered Wintrust Financial from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 23rd. Finally, ValuEngine lowered Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd.
In other Wintrust Financial news, CEO Edward J. Wehmer purchased 1,189 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was purchased at an average price of $26.57 per share, for a total transaction of $31,591.73. Following the purchase, the chief executive officer now directly owns 147,124 shares in the company, valued at $3,909,084.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary D. Sweeney purchased 785 shares of the business’s stock in a transaction that occurred on Thursday, July 23rd. The stock was acquired at an average price of $44.66 per share, with a total value of $35,058.10. Following the purchase, the director now owns 6,433 shares in the company, valued at $287,297.78. The disclosure for this purchase can be found here. Company insiders own 1.58% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Wintrust Financial by 21.9% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,806 shares of the bank’s stock valued at $340,000 after purchasing an additional 1,400 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Wintrust Financial by 25.1% in the 2nd quarter. Principal Financial Group Inc. now owns 218,929 shares of the bank’s stock valued at $9,550,000 after purchasing an additional 43,865 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Wintrust Financial by 15.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,088 shares of the bank’s stock valued at $135,000 after purchasing an additional 405 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in Wintrust Financial in the 2nd quarter worth about $594,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Wintrust Financial by 4.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 507,131 shares of the bank’s stock worth $22,122,000 after buying an additional 20,649 shares during the last quarter. Hedge funds and other institutional investors own 88.82% of the company’s stock.
Shares of Wintrust Financial stock traded up $1.85 during trading on Monday, reaching $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 quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 9.50, a P/E/G ratio of 0.70 and a beta of 1.58. Wintrust Financial has a 1-year low of $22.02 and a 1-year high of $71.95. The company has a 50-day simple moving average of $42.78 and a two-hundred day simple moving average of $40.61.
Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Tuesday, July 21st. The bank reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.36). The firm had revenue of $425.12 million during the quarter, compared to analysts’ expectations of $374.45 million. Wintrust Financial had a return on equity of 7.63% and a net margin of 14.33%. As a group, analysts anticipate that Wintrust Financial will post 3.54 earnings per share for the current year.
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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