ValuEngine Downgrades Wintrust Financial (NASDAQ:WTFC) to Strong Sell

Wintrust Financial (NASDAQ:WTFC) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Wednesday, ValuEngine reports.

A number of other research firms have also recently weighed in on WTFC. Piper Jaffray Companies set a $92.00 price objective on shares of Wintrust Financial and gave the stock a “buy” rating in a research report on Monday, July 8th. Wedbush reaffirmed an “outperform” rating on shares of First Republic Bank in a research report on Tuesday. Jefferies Financial Group increased their price objective on shares of T. Rowe Price Group from $103.00 to $119.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Zacks Investment Research raised shares of ZovioInc . from a “sell” rating to a “hold” rating in a research report on Sunday, July 14th. Finally, BidaskClub cut shares of Xilinx from a “buy” rating to a “hold” rating in a research report on Saturday, June 15th. Three research analysts have rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $89.13.

WTFC stock opened at $65.95 on Wednesday. The firm has a market cap of $3.69 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 0.74 and a beta of 1.03. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.00. Wintrust Financial has a 12 month low of $61.53 and a 12 month high of $92.56. The company has a 50-day simple moving average of $71.37.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Monday, July 15th. The bank reported $1.38 EPS for the quarter, missing the Zacks’ consensus estimate of $1.65 by ($0.27). The business had revenue of $364.36 million during the quarter, compared to analyst estimates of $365.40 million. Wintrust Financial had a net margin of 20.60% and a return on equity of 10.72%. During the same quarter in the previous year, the company posted $1.53 EPS. As a group, analysts anticipate that Wintrust Financial will post 6.52 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Kennedy Capital Management Inc. boosted its position in Wintrust Financial by 5.1% in the 1st quarter. Kennedy Capital Management Inc. now owns 134,621 shares of the bank’s stock valued at $9,064,000 after buying an additional 6,522 shares during the period. Private Vista LLC boosted its position in Wintrust Financial by 5.6% in the 1st quarter. Private Vista LLC now owns 5,374 shares of the bank’s stock valued at $361,000 after buying an additional 287 shares during the period. Foundry Partners LLC boosted its position in Wintrust Financial by 9.0% in the 1st quarter. Foundry Partners LLC now owns 137,928 shares of the bank’s stock valued at $9,287,000 after buying an additional 11,361 shares during the period. Legal & General Group Plc boosted its position in Wintrust Financial by 3.6% in the 4th quarter. Legal & General Group Plc now owns 71,491 shares of the bank’s stock valued at $4,753,000 after buying an additional 2,493 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in Wintrust Financial by 37.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 232,425 shares of the bank’s stock valued at $15,454,000 after buying an additional 63,852 shares during the period. 89.01% of the stock is owned by institutional investors.

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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Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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