Wintrust Financial (NASDAQ:WTFC) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Tuesday.
A number of other analysts have also recently issued reports on the company. BidaskClub cut Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Saturday, March 31st. Keefe, Bruyette & Woods reissued a “buy” rating and set a $100.00 price objective on shares of Wintrust Financial in a research report on Tuesday, February 27th. Piper Jaffray Companies reissued a “hold” rating and set a $91.00 price objective on shares of Wintrust Financial in a research report on Friday, April 6th. Finally, FIG Partners cut Wintrust Financial from an “outperform” rating to a “market perform” rating in a research report on Monday, March 12th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $92.70.
WTFC opened at $97.56 on Tuesday. The firm has a market cap of $5.29 billion, a P/E ratio of 22.17, a PEG ratio of 1.19 and a beta of 0.84. Wintrust Financial has a 1 year low of $67.74 and a 1 year high of $97.61. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.53.
Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Monday, April 16th. The bank reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.12. The firm had revenue of $310.76 million during the quarter, compared to analysts’ expectations of $302.62 million. Wintrust Financial had a return on equity of 10.00% and a net margin of 21.18%. The business’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 earnings per share. analysts predict that Wintrust Financial will post 5.87 earnings per share for the current year.
In other news, EVP Richard B. Murphy sold 1,795 shares of Wintrust Financial stock in a transaction dated Friday, April 20th. The stock was sold at an average price of $90.99, for a total value of $163,327.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Edward J. Wehmer sold 3,300 shares of Wintrust Financial stock in a transaction dated Thursday, April 19th. The stock was sold at an average price of $89.00, for a total value of $293,700.00. Following the completion of the transaction, the insider now owns 120,857 shares in the company, valued at $10,756,273. The disclosure for this sale can be found here. Insiders acquired 338 shares of company stock valued at $30,332 in the last ninety days. Insiders own 1.57% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan increased its stake in shares of Wintrust Financial by 3.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 17,470 shares of the bank’s stock worth $1,503,000 after purchasing an additional 590 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Wintrust Financial by 18.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 4,377 shares of the bank’s stock worth $361,000 after purchasing an additional 669 shares during the period. Mason Street Advisors LLC increased its stake in shares of Wintrust Financial by 2.5% in the first quarter. Mason Street Advisors LLC now owns 28,239 shares of the bank’s stock worth $2,430,000 after purchasing an additional 688 shares during the period. Piermont Capital Management Inc. increased its stake in shares of Wintrust Financial by 2.2% in the first quarter. Piermont Capital Management Inc. now owns 34,730 shares of the bank’s stock worth $2,989,000 after purchasing an additional 760 shares during the period. Finally, Aperio Group LLC increased its stake in shares of Wintrust Financial by 8.0% in the fourth quarter. Aperio Group LLC now owns 10,383 shares of the bank’s stock worth $855,000 after purchasing an additional 770 shares during the period. Institutional investors and hedge funds own 90.04% of the company’s stock.
Wintrust Financial Company Profile
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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