Wintrust Financial (NASDAQ:WTFC)‘s stock had its “neutral” rating restated by stock analysts at Piper Sandler in a report released on Tuesday, Marketbeat reports. They presently have a $72.00 target price on the bank’s stock. Piper Sandler’s price target suggests a potential upside of 4.90% from the company’s previous close. Piper Sandler also issued estimates for Wintrust Financial’s Q4 2019 earnings at $1.61 EPS, FY2019 earnings at $6.20 EPS, Q1 2020 earnings at $1.42 EPS, Q2 2020 earnings at $1.52 EPS, Q3 2020 earnings at $1.55 EPS, Q4 2020 earnings at $1.59 EPS, FY2020 earnings at $6.08 EPS, Q1 2021 earnings at $1.49 EPS, Q2 2021 earnings at $1.62 EPS, Q3 2021 earnings at $1.67 EPS, Q4 2021 earnings at $1.72 EPS and FY2021 earnings at $6.50 EPS.
Other equities research analysts have also recently issued reports about the stock. DA Davidson restated a “buy” rating on shares of Wintrust Financial in a report on Monday, November 18th. Zacks Investment Research raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. BidaskClub lowered shares of Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Tuesday. SunTrust Banks dropped their price target on shares of Wintrust Financial from $76.00 to $72.00 and set a “hold” rating for the company in a research report on Monday, December 9th. Finally, UBS Group dropped their price target on shares of Wintrust Financial from $72.00 to $67.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $76.00.
NASDAQ:WTFC traded up $0.29 during trading hours on Tuesday, reaching $68.64. The company’s stock had a trading volume of 4,087 shares, compared to its average volume of 285,389. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 11.74 and a beta of 1.11. Wintrust Financial has a one year low of $59.34 and a one year high of $78.25. The business’s 50-day moving average is $69.49 and its 200-day moving average is $66.94. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.99.
Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Wednesday, October 16th. The bank reported $1.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.07. Wintrust Financial had a net margin of 20.24% and a return on equity of 10.65%. The firm had revenue of $380.00 million during the quarter, compared to analysts’ expectations of $374.98 million. During the same period in the prior year, the company posted $1.57 earnings per share. Wintrust Financial’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, sell-side analysts predict that Wintrust Financial will post 6.16 EPS for the current fiscal year.
In other news, Director Gary D. Sweeney bought 786 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were bought at an average cost of $63.60 per share, for a total transaction of $49,989.60. Following the completion of the acquisition, the director now owns 5,178 shares in the company, valued at approximately $329,320.80. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.58% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of WTFC. Smith Asset Management Group LP bought a new position in Wintrust Financial during the second quarter worth $29,000. AdvisorNet Financial Inc bought a new stake in Wintrust Financial during the 3rd quarter valued at about $71,000. Stonebridge Capital Advisors LLC bought a new stake in Wintrust Financial during the 2nd quarter valued at about $110,000. River & Mercantile Asset Management LLP bought a new stake in Wintrust Financial during the 2nd quarter valued at about $135,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in Wintrust Financial by 31.9% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,237 shares of the bank’s stock valued at $164,000 after purchasing an additional 541 shares in the last quarter. Institutional investors own 86.79% 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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