Equities researchers at UBS assumed coverage on shares of Wintrust Financial (NASDAQ:WTFC) in a research report issued on Thursday, The Fly reports. The firm set a “neutral” rating on the bank’s stock.
A number of other research firms have also commented on WTFC. BidaskClub upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. FIG Partners lowered shares of Wintrust Financial from an “outperform” rating to a “market perform” rating in a research report on Monday, March 12th. Piper Jaffray Companies restated a “hold” rating and issued a $86.00 price objective on shares of Wintrust Financial in a research report on Tuesday, January 9th. Zacks Investment Research lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Finally, SunTrust Banks restated a “hold” rating and issued a $94.00 price objective on shares of Wintrust Financial in a research report on Tuesday, January 9th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $89.78.
Wintrust Financial stock opened at $88.41 on Thursday. The firm has a market cap of $4,981.88, a PE ratio of 20.14, a PEG ratio of 1.19 and a beta of 0.84. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.01 and a quick ratio of 0.99. Wintrust Financial has a 12 month low of $64.14 and a 12 month 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 for the quarter, topping the consensus estimate of $1.13 by $0.04. The firm had revenue of $300.14 million during the quarter, compared to the consensus estimate of $299.47 million. Wintrust Financial had a net margin of 20.35% and a return on equity of 9.49%. The company’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company earned $0.94 earnings per share. equities research analysts expect that Wintrust Financial will post 5.52 EPS for the current fiscal year.
In other Wintrust Financial news, CFO David L. Stoehr sold 5,268 shares of Wintrust Financial stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $87.59, for a total transaction of $461,424.12. Following the completion of the sale, the chief financial officer now directly owns 11,347 shares in the company, valued at $993,883.73. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Edward J. Wehmer sold 14,173 shares of Wintrust Financial stock in a transaction that occurred on 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 sale, the insider now owns 134,864 shares of the company’s stock, valued at $11,822,178.24. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 152 shares of company stock valued at $10,629 and have sold 30,676 shares valued at $2,687,566. Insiders own 1.97% of the company’s stock.
A number of institutional investors have recently made changes to their positions in WTFC. JPMorgan Chase & Co. lifted its position in Wintrust Financial by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 1,637,332 shares of the bank’s stock valued at $127,646,000 after purchasing an additional 257,613 shares during the last quarter. OppenheimerFunds Inc. lifted its position in Wintrust Financial by 157.2% during the fourth quarter. OppenheimerFunds Inc. now owns 333,645 shares of the bank’s stock valued at $27,483,000 after purchasing an additional 203,909 shares during the last quarter. Deutsche Bank AG lifted its position in Wintrust Financial by 107.8% during the fourth quarter. Deutsche Bank AG now owns 323,008 shares of the bank’s stock valued at $26,603,000 after purchasing an additional 167,598 shares during the last quarter. BlackRock Inc. raised its stake in shares of Wintrust Financial by 2.2% during the fourth quarter. BlackRock Inc. now owns 6,850,597 shares of the bank’s stock worth $564,282,000 after acquiring an additional 144,371 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Wintrust Financial by 96.0% during the fourth quarter. Alliancebernstein L.P. now owns 239,817 shares of the bank’s stock worth $19,754,000 after acquiring an additional 117,460 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.
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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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