Wintrust Financial (WTFC) Rating Increased to Buy at BidaskClub
Wintrust Financial (NASDAQ:WTFC) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.
Several other research analysts have also recently commented on WTFC. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $90.00 price target on shares of Wintrust Financial in a research note on Thursday, December 14th. Zacks Investment Research upgraded Wintrust Financial from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Wednesday, September 27th. SunTrust Banks restated a “hold” rating and set a $88.00 price objective on shares of Wintrust Financial in a research note on Wednesday, November 29th. Royal Bank of Canada restated a “buy” rating and set a $84.00 price objective on shares of Wintrust Financial in a research note on Friday, September 8th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $74.00 price objective on shares of Wintrust Financial in a research note on Friday, September 1st. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Wintrust Financial currently has a consensus rating of “Hold” and a consensus price target of $83.50.
Wintrust Financial (NASDAQ:WTFC) opened at $83.84 on Friday. The company has a market capitalization of $4,670.00, a PE ratio of 20.11, a price-to-earnings-growth ratio of 1.42 and a beta of 0.83. Wintrust Financial has a one year low of $64.14 and a one year high of $86.80. 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 (NASDAQ:WTFC) last released its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.04. Wintrust Financial had a return on equity of 9.32% and a net margin of 19.74%. The business had revenue of $295.70 million for the quarter, compared to analysts’ expectations of $298.96 million. During the same quarter in the previous year, the firm posted $0.92 earnings per share. The company’s revenue was up 9.0% compared to the same quarter last year. sell-side analysts expect that Wintrust Financial will post 4.38 EPS for the current year.
In related news, Director Gary D. Sweeney bought 338 shares of the stock in a transaction dated Tuesday, October 24th. The stock was bought at an average cost of $80.58 per share, with a total value of $27,236.04. Following the completion of the acquisition, the director now owns 2,973 shares of the company’s stock, valued at $239,564.34. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Leona A. Gleason sold 8,441 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $80.78, for a total value of $681,863.98. The disclosure for this sale can be found here. Insiders have sold 44,500 shares of company stock valued at $3,563,512 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Greenwood Capital Associates LLC grew its holdings in Wintrust Financial by 1.8% in the 2nd quarter. Greenwood Capital Associates LLC now owns 4,399 shares of the bank’s stock worth $336,000 after buying an additional 78 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Wintrust Financial by 2.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 735,233 shares of the bank’s stock valued at $57,576,000 after purchasing an additional 20,848 shares in the last quarter. Prudential Financial Inc. boosted its stake in Wintrust Financial by 564.1% during the 2nd quarter. Prudential Financial Inc. now owns 443,557 shares of the bank’s stock valued at $33,905,000 after purchasing an additional 376,766 shares in the last quarter. Rothschild Asset Management Inc. boosted its stake in Wintrust Financial by 1.7% during the 3rd quarter. Rothschild Asset Management Inc. now owns 489,420 shares of the bank’s stock valued at $38,326,000 after purchasing an additional 8,002 shares in the last quarter. Finally, Chicago Equity Partners LLC boosted its stake in Wintrust Financial by 84.2% during the 2nd quarter. Chicago Equity Partners LLC now owns 131,785 shares of the bank’s stock valued at $10,074,000 after purchasing an additional 60,250 shares in the last quarter. 91.60% of the stock is 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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