BidaskClub upgraded shares of Wintrust Financial (NASDAQ:WTFC) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday morning.

WTFC has been the topic of several other reports. UBS started coverage on shares of Wintrust Financial in a research note on Thursday, March 22nd. They issued a neutral rating and a $93.00 price target on the stock. FIG Partners downgraded shares of Wintrust Financial from an outperform rating to a market perform rating in a research note on Monday, March 12th. Piper Jaffray reissued a hold rating and issued a $86.00 price target on shares of Wintrust Financial in a research note on Tuesday, January 9th. Zacks Investment Research downgraded shares of Wintrust Financial from a buy rating to a hold rating in a research note on Thursday, February 15th. Finally, SunTrust Banks reissued a hold rating and issued a $94.00 price target on shares of Wintrust Financial in a research note on Tuesday, January 9th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $92.70.

Shares of NASDAQ WTFC opened at $91.38 on Tuesday. Wintrust Financial has a 52-week low of $67.74 and a 52-week high of $93.55. The stock has a market capitalization of $5,137.91, a PE ratio of 19.03, a P/E/G ratio of 1.16 and a beta of 0.83. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, April 16th. The bank reported $1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.12. Wintrust Financial had a net margin of 21.18% and a return on equity of 10.00%. The business had revenue of $310.76 million for the quarter, compared to analyst estimates of $302.62 million. During the same quarter last year, the business earned $1.00 earnings per share. The company’s revenue for the quarter was up 18.9% compared to the same quarter last year. research analysts predict that Wintrust Financial will post 5.81 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 24th. Stockholders of record on Thursday, May 10th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Wednesday, May 9th. Wintrust Financial’s dividend payout ratio is currently 17.27%.

In other Wintrust Financial news, EVP Richard B. Murphy sold 1,795 shares of Wintrust Financial stock in a transaction dated Friday, April 20th. The shares were sold at an average price of $90.99, for a total transaction of $163,327.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP David A. Dykstra sold 11,235 shares of Wintrust Financial stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.56, for a total transaction of $983,736.60. Following the transaction, the executive vice president now directly owns 39,365 shares in the company, valued at $3,446,799.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 338 shares of company stock worth $30,332 and have sold 35,771 shares worth $3,144,593. 1.57% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of WTFC. California Public Employees Retirement System raised its stake in Wintrust Financial by 2.3% during the third quarter. California Public Employees Retirement System now owns 119,823 shares of the bank’s stock worth $9,383,000 after purchasing an additional 2,723 shares during the period. GSA Capital Partners LLP purchased a new position in Wintrust Financial during the third quarter worth about $558,000. Public Employees Retirement System of Ohio raised its stake in shares of Wintrust Financial by 192.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 27,341 shares of the bank’s stock valued at $2,141,000 after acquiring an additional 18,007 shares during the period. Atlantic Trust Group LLC purchased a new stake in shares of Wintrust Financial in the 3rd quarter valued at approximately $1,263,000. Finally, Sit Investment Associates Inc. raised its stake in shares of Wintrust Financial by 8.6% in the 4th quarter. Sit Investment Associates Inc. now owns 13,860 shares of the bank’s stock valued at $1,142,000 after acquiring an additional 1,095 shares during the period. 90.61% 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.

Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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