ValuEngine upgraded shares of Wintrust Financial (NASDAQ:WTFC) from a hold rating to a buy rating in a research note issued to investors on Sunday.
Several other brokerages have also recently issued reports on WTFC. BidaskClub raised shares of Wintrust Financial from a hold rating to a buy rating in a research note on Friday, December 22nd. Zacks Investment Research raised shares of Wintrust Financial from a hold rating to a buy rating and set a $94.00 price objective on the stock in a research note on Wednesday, December 27th. SunTrust Banks reaffirmed a hold rating and issued a $88.00 price objective on shares of Wintrust Financial in a research note on Wednesday, November 29th. Royal Bank of Canada reaffirmed a buy rating and issued a $84.00 price objective on shares of Wintrust Financial in a research note on Friday, October 20th. Finally, Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $90.00 price objective on shares of Wintrust Financial in a research note on Thursday, December 14th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Wintrust Financial has a consensus rating of Hold and an average price target of $84.88.
Wintrust Financial (NASDAQ:WTFC) traded down $0.21 during trading on Friday, reaching $82.09. 324,500 shares of the company’s stock traded hands, compared to its average volume of 354,250. The firm has a market cap of $4,602.48, a PE ratio of 19.69, a price-to-earnings-growth ratio of 1.24 and a beta of 0.83. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 1.01. Wintrust Financial has a 52-week low of $64.14 and a 52-week high of $86.80.
Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.04. The firm had revenue of $295.70 million for the quarter, compared to analysts’ expectations of $298.96 million. Wintrust Financial had a net margin of 19.74% and a return on equity of 9.32%. Wintrust Financial’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company earned $0.92 EPS. equities research analysts anticipate that Wintrust Financial will post 4.38 earnings per share for the current year.
In other news, Director Gary D. Sweeney bought 338 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were acquired at an average cost of $80.58 per share, with a total value of $27,236.04. Following the completion of the transaction, the director now directly owns 2,973 shares in the company, valued at approximately $239,564.34. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Leona A. Gleason sold 8,441 shares of Wintrust Financial stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $80.78, for a total transaction of $681,863.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 44,500 shares of company stock worth $3,563,512. 2.00% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in WTFC. Advisors Asset Management Inc. acquired a new stake in shares of Wintrust Financial during the second quarter worth approximately $121,000. Meeder Asset Management Inc. acquired a new stake in shares of Wintrust Financial during the third quarter worth approximately $183,000. Magnetar Financial LLC acquired a new stake in shares of Wintrust Financial during the third quarter worth approximately $204,000. Csenge Advisory Group acquired a new stake in shares of Wintrust Financial during the third quarter worth approximately $212,000. Finally, Adviser Investments LLC acquired a new stake in shares of Wintrust Financial during the third quarter worth approximately $214,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.
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About Wintrust Financial
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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