Wintrust Financial Corporation (NASDAQ:WTFC)‘s stock had its “hold” rating reissued by research analysts at Jefferies Group LLC in a note issued to investors on Friday. They currently have a $80.00 price objective on the bank’s stock. Jefferies Group LLC’s price target points to a potential upside of 10.82% from the company’s previous close.
A number of other equities research analysts have also recently weighed in on WTFC. Hovde Group restated a “market perform” rating and set a $80.00 price objective (up from $76.50) on shares of Wintrust Financial Corporation in a research note on Wednesday, August 2nd. Piper Jaffray Companies set a $72.00 price objective on Wintrust Financial Corporation and gave the stock a “hold” rating in a research note on Tuesday, July 18th. Zacks Investment Research cut Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. BidaskClub cut Wintrust Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, ValuEngine upgraded Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $78.71.
Wintrust Financial Corporation (NASDAQ:WTFC) opened at 72.19 on Friday. The stock has a 50 day moving average price of $76.00 and a 200 day moving average price of $72.77. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 18.21 and a beta of 0.81. Wintrust Financial Corporation has a 52-week low of $51.66 and a 52-week high of $80.52.
Wintrust Financial Corporation (NASDAQ:WTFC) last issued its quarterly earnings data on Tuesday, July 18th. The bank reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.12. The firm had revenue of $294.38 million during the quarter, compared to analysts’ expectations of $279.69 million. Wintrust Financial Corporation had a return on equity of 9.15% and a net margin of 19.24%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 EPS. Analysts expect that Wintrust Financial Corporation will post $4.30 EPS for the current fiscal year.
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In other Wintrust Financial Corporation news, insider Edward J. Wehmer sold 29,779 shares of the stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $76.89, for a total value of $2,289,707.31. Following the completion of the sale, the insider now directly owns 137,352 shares in the company, valued at $10,560,995.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Gary D. Sweeney purchased 485 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was acquired at an average price of $77.12 per share, with a total value of $37,403.20. Following the completion of the purchase, the director now owns 2,186 shares of the company’s stock, valued at approximately $168,584.32. The disclosure for this purchase can be found here. Company insiders own 2.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. acquired a new stake in Wintrust Financial Corporation during the second quarter worth approximately $121,000. Exane Derivatives purchased a new position in shares of Wintrust Financial Corporation during the second quarter worth $128,000. Daiwa Securities Group Inc. purchased a new position in shares of Wintrust Financial Corporation during the first quarter worth $187,000. Penserra Capital Management LLC purchased a new position in shares of Wintrust Financial Corporation during the first quarter worth $193,000. Finally, Essex Investment Management Co. LLC purchased a new position in shares of Wintrust Financial Corporation during the second quarter worth $215,000. Institutional investors own 89.70% of the company’s stock.
Wintrust Financial Corporation Company Profile
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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