Wintrust Financial (NASDAQ:WTFC)‘s stock had its “hold” rating restated by Piper Jaffray Companies in a research report issued on Tuesday. They currently have a $86.00 price objective on the bank’s stock. Piper Jaffray Companies’ price target points to a potential downside of 0.69% from the stock’s current price.
Several other research firms also recently issued reports on WTFC. BidaskClub raised shares of Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Zacks Investment Research raised shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Saturday, January 6th. ValuEngine raised shares of Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. SunTrust Banks reissued a “hold” rating and issued a $88.00 price target on shares of Wintrust Financial in a research report on Wednesday, November 29th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $84.00 price target on shares of Wintrust Financial in a research report on Friday, October 20th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $86.88.
Wintrust Financial (NASDAQ:WTFC) traded up $1.19 during midday trading on Tuesday, reaching $86.60. 468,900 shares of the company traded hands, compared to its average volume of 364,857. Wintrust Financial has a twelve month low of $64.14 and a twelve month high of $87.44. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.40. The firm has a market cap of $4,800.00, a P/E ratio of 20.77, a P/E/G ratio of 1.23 and a beta of 0.83.
Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.04. Wintrust Financial had a net margin of 19.74% and a return on equity of 9.32%. The business had revenue of $295.70 million during the quarter, compared to the consensus estimate of $298.96 million. During the same quarter last year, the firm posted $0.92 EPS. Wintrust Financial’s revenue was up 9.0% compared to the same quarter last year. sell-side analysts anticipate that Wintrust Financial will post 4.38 EPS for the current fiscal year.
In related news, Director Gary D. Sweeney acquired 338 shares of the company’s stock in a transaction on Tuesday, October 24th. The shares were acquired at an average cost of $80.58 per share, for a total transaction of $27,236.04. Following the purchase, the director now owns 2,973 shares in the company, valued at $239,564.34. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Edward J. Wehmer sold 9,000 shares of the firm’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $79.91, for a total value of $719,190.00. Following the transaction, the chief executive officer now owns 121,873 shares in the company, valued at $9,738,871.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,500 shares of company stock worth $3,563,512. Company insiders own 1.97% of the company’s stock.
Large investors have recently modified their holdings of the business. Meeder Asset Management Inc. bought a new position in Wintrust Financial during the 3rd quarter valued at $183,000. Magnetar Financial LLC bought a new position in Wintrust Financial during the 3rd quarter valued at $204,000. Csenge Advisory Group bought a new position in Wintrust Financial during the 3rd quarter valued at $212,000. Adviser Investments LLC bought a new position in Wintrust Financial during the 3rd quarter valued at $214,000. Finally, Jane Street Group LLC bought a new position in Wintrust Financial during the 3rd quarter valued at $260,000. Institutional investors and hedge funds own 91.60% of the company’s stock.
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Wintrust Financial 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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