Zacks Investment Research reaffirmed their hold rating on shares of Wintrust Financial (NASDAQ:WTFC) in a research report sent to investors on Saturday.
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 research firms have also issued reports on WTFC. BidaskClub upgraded Wintrust Financial from a hold rating to a buy rating in a report on Friday, December 22nd. FIG Partners lowered Wintrust Financial from an outperform rating to a market perform rating in a report on Monday, March 12th. UBS began coverage on Wintrust Financial in a research note on Thursday, March 22nd. They issued a neutral rating and a $93.00 price objective on the stock. Piper Jaffray restated a hold rating and issued a $86.00 price objective on shares of Wintrust Financial in a research note on Tuesday, January 9th. Finally, SunTrust Banks restated a hold rating and issued a $94.00 price objective on shares of Wintrust Financial in a research note on Tuesday, January 9th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Wintrust Financial has a consensus rating of Hold and an average target price of $90.90.
WTFC opened at $88.38 on Friday. Wintrust Financial has a 52-week low of $64.14 and a 52-week high of $91.67. The stock has a market cap of $4,834.57, a P/E ratio of 20.09, a P/E/G ratio of 1.14 and a beta of 0.83. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 1.01.
Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, January 22nd. The bank reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.04. Wintrust Financial had a return on equity of 9.49% and a net margin of 20.35%. The business had revenue of $300.14 million for the quarter, compared to analyst estimates of $299.47 million. During the same quarter in the prior year, the company posted $0.94 earnings per share. Wintrust Financial’s revenue was up 8.7% on a year-over-year basis. equities research analysts predict that Wintrust Financial will post 5.57 EPS for the current year.
In other Wintrust Financial news, insider Edward J. Wehmer sold 14,173 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $87.66, for a total value of $1,242,405.18. Following the sale, the insider now owns 134,864 shares in the company, valued at $11,822,178.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David L. Stoehr sold 5,268 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $87.59, for a total value of $461,424.12. Following the completion of the sale, the chief financial officer now owns 11,347 shares in the company, valued at approximately $993,883.73. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 21 shares of company stock worth $1,170 and sold 30,676 shares worth $2,687,566. 1.97% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of WTFC. Cerebellum GP LLC acquired a new position in shares of Wintrust Financial in the fourth quarter valued at approximately $126,000. Trust Co. of Toledo NA OH acquired a new position in shares of Wintrust Financial in the fourth quarter valued at approximately $200,000. Magnetar Financial LLC acquired a new position in shares of Wintrust Financial in the third quarter valued at approximately $204,000. Brown Advisory Inc. acquired a new position in shares of Wintrust Financial in the fourth quarter valued at approximately $213,000. Finally, Castleark Management LLC acquired a new position in shares of Wintrust Financial in the fourth quarter valued at approximately $231,000. 90.99% of the stock is currently owned by institutional investors.
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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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