Zacks Investment Research cut shares of Wintrust Financial (NASDAQ:WTFC) from a buy rating to a hold rating in a research note issued to investors on Thursday.
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 analysts have also recently weighed in 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. BidaskClub cut shares of Wintrust Financial from a buy rating to a hold rating in a research note on Tuesday, January 30th. DA Davidson lifted 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. Finally, ValuEngine upgraded shares of Wintrust Financial from a hold rating to a buy rating in a research note on Sunday, December 31st. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $88.67.
Shares of Wintrust Financial (NASDAQ:WTFC) opened at $86.42 on Thursday. Wintrust Financial has a 12 month low of $64.14 and a 12 month high of $89.34. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.43. The firm has a market cap of $4,900.00, a PE ratio of 19.64, a price-to-earnings-growth ratio of 1.14 and a beta of 0.85.
Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Monday, January 22nd. The bank reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.04. Wintrust Financial had a net margin of 20.35% and a return on equity of 9.49%. The business had revenue of $300.14 million during the quarter, compared to analysts’ expectations of $299.47 million. During the same quarter in the previous year, the company earned $0.94 EPS. The business’s revenue was up 8.7% on a year-over-year basis. equities analysts expect that Wintrust Financial will post 5.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th will be issued a $0.19 dividend. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.14. This represents a $0.76 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Wednesday, February 7th. Wintrust Financial’s dividend payout ratio (DPR) is currently 17.27%.
In other Wintrust Financial news, EVP David A. Dykstra sold 11,235 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $87.56, for a total value of $983,736.60. Following the transaction, the executive vice president now directly owns 39,365 shares of the company’s stock, valued at approximately $3,446,799.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Edward J. Wehmer sold 14,173 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $87.66, for a total transaction of $1,242,405.18. Following the completion of the transaction, the insider now directly owns 134,864 shares in the company, valued at $11,822,178.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,676 shares of company stock worth $2,687,566. Insiders own 2.00% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Cerebellum GP LLC bought a new position in Wintrust Financial in the 4th quarter valued at about $126,000. Meeder Asset Management Inc. bought a new stake in shares of Wintrust Financial during the 3rd quarter valued at approximately $183,000. Trust Co. of Toledo NA OH bought a new stake in shares of Wintrust Financial during the 4th quarter valued at approximately $200,000. Magnetar Financial LLC bought a new stake in shares of Wintrust Financial during the 3rd quarter valued at approximately $204,000. Finally, Csenge Advisory Group bought a new stake in shares of Wintrust Financial during the 3rd quarter valued at approximately $212,000. 90.41% of the stock is currently owned by hedge funds and other institutional investors.
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Wintrust Financial Company Profile
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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