Wintrust Financial (NASDAQ:WTFC) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Wednesday, December 18th, BidAskClub reports.
A number of other equities analysts have also weighed in on the company. Raymond James lowered Wintrust Financial from a “strong-buy” rating to an “outperform” rating in a research note on Thursday, August 29th. UBS Group decreased their price objective on Wintrust Financial from $72.00 to $67.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Wedbush dropped their target price on Wintrust Financial from $74.00 to $71.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Zacks Investment Research raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. Finally, ValuEngine raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $76.57.
Shares of WTFC traded down $0.02 during trading hours on Wednesday, hitting $71.21. The company had a trading volume of 83,425 shares, compared to its average volume of 382,639. Wintrust Financial has a 12 month low of $59.34 and a 12 month high of $78.25. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 12.15 and a beta of 1.10. The business has a fifty day moving average of $68.13 and a 200-day moving average of $67.14. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.49.
Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $374.98 million. During the same period in the prior year, the firm earned $1.57 EPS. The business’s revenue was up 9.4% on a year-over-year basis. On average, equities analysts expect that Wintrust Financial will post 6.16 EPS for the current fiscal year.
In related news, Director Gary D. Sweeney acquired 786 shares of the stock in a transaction on Thursday, October 31st. The shares were purchased at an average price of $63.60 per share, for a total transaction of $49,989.60. Following the purchase, the director now directly owns 5,178 shares in the company, valued at $329,320.80. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.58% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in WTFC. Invesco Ltd. grew its stake in Wintrust Financial by 89.2% during the second quarter. Invesco Ltd. now owns 933,255 shares of the bank’s stock worth $68,277,000 after buying an additional 439,875 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Wintrust Financial by 14.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,312,894 shares of the bank’s stock worth $149,482,000 after purchasing an additional 286,314 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Wintrust Financial by 43.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 713,255 shares of the bank’s stock valued at $52,181,000 after purchasing an additional 217,376 shares in the last quarter. Dana Investment Advisors Inc. boosted its holdings in shares of Wintrust Financial by 556.4% in the 2nd quarter. Dana Investment Advisors Inc. now owns 211,505 shares of the bank’s stock valued at $15,474,000 after purchasing an additional 179,281 shares in the last quarter. Finally, Voya Investment Management LLC increased its stake in shares of Wintrust Financial by 29.1% in the 3rd quarter. Voya Investment Management LLC now owns 528,536 shares of the bank’s stock valued at $34,160,000 after purchasing an additional 119,020 shares during the last quarter. 86.79% of the stock is currently 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.
