Wintrust Financial (NASDAQ:WTFC) Upgraded to Buy at Zacks Investment Research

Wintrust Financial (NASDAQ:WTFC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday, December 27th. The firm presently has a $94.00 target price on the bank’s stock. Zacks Investment Research‘s price target indicates a potential upside of 7.44% from the company’s previous close.

According to Zacks, “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. “

Several other equities analysts have also recently weighed in on the stock. BidaskClub upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Keefe, Bruyette & Woods reissued a “buy” rating and set a $90.00 target price on shares of Wintrust Financial in a research note on Thursday, December 14th. SunTrust Banks reissued a “hold” rating and set a $88.00 target price on shares of Wintrust Financial in a research note on Wednesday, November 29th. Royal Bank of Canada reissued a “buy” rating and set a $84.00 target price on shares of Wintrust Financial in a research note on Friday, October 20th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $74.00 target price on shares of Wintrust Financial in a research note on Friday, September 1st. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Wintrust Financial currently has a consensus rating of “Buy” and a consensus price target of $86.88.

Wintrust Financial (WTFC) opened at $87.49 on Wednesday. Wintrust Financial has a 12-month low of $64.14 and a 12-month high of $88.54. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 0.99. The stock has a market cap of $4,891.05, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 1.18 and a beta of 0.83.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.04. Wintrust Financial had a net margin of 19.74% and a return on equity of 9.32%. The firm had revenue of $295.70 million for the quarter, compared to analysts’ expectations of $298.96 million. During the same period in the previous year, the company posted $0.92 EPS. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. equities analysts forecast that Wintrust Financial will post 4.38 EPS for the current year.

In other Wintrust Financial news, CEO Edward J. Wehmer sold 9,000 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $79.91, for a total transaction of $719,190.00. Following the completion of the transaction, the chief executive officer now owns 121,873 shares of the company’s stock, valued at approximately $9,738,871.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP David A. Dykstra sold 22,476 shares of the business’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $79.86, for a total transaction of $1,794,933.36. Following the transaction, the executive vice president now directly owns 188,604 shares of the company’s stock, valued at approximately $15,061,915.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,500 shares of company stock valued at $3,563,512. 2.00% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in WTFC. Advisors Asset Management Inc. bought a new position in shares of Wintrust Financial during the 2nd quarter worth about $121,000. Meeder Asset Management Inc. bought a new position in shares of Wintrust Financial during the 3rd quarter worth about $183,000. Magnetar Financial LLC bought a new position in shares of Wintrust Financial during the 3rd quarter worth about $204,000. Csenge Advisory Group bought a new position in shares of Wintrust Financial during the 3rd quarter worth about $212,000. Finally, Adviser Investments LLC bought a new position in shares of Wintrust Financial during the 3rd quarter worth about $214,000. 91.60% of the stock is owned by hedge funds and other institutional investors.

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About Wintrust Financial

Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.

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