Zacks Investment Research upgraded shares of Wintrust Financial Corp. (NASDAQ:WTFC) from a hold rating to a buy rating in a research report sent to investors on Saturday. The firm currently has $63.00 price target on the stock.
According to Zacks, “Wintrust Financial Corporation is a bank holding company which provides banking services, trust and investment services, commercial insurance premium financing, short-term accounts receivable financing, and certain administrative services. They provide community-oriented, personal and commercial banking services through their subsidiaries, Lake Forest Bank & Trust Company, Hinsdale Bank & Trust Company, North Shore Community Bank & Trust Company, Libertyville Bank & Trust Company, Barrington Bank & Trust Company, Crystal Lake Bank & Trust Company, and Northbrook Bank & Trust Company. “
Several other research firms have also commented on WTFC. Hovde Group began coverage on shares of Wintrust Financial Corp. in a research report on Wednesday, August 24th. They set a market perform rating and a $59.00 price target on the stock. Piper Jaffray Cos. reaffirmed a neutral rating and set a $53.00 price target (up previously from $52.00) on shares of Wintrust Financial Corp. in a research report on Sunday, July 24th. Finally, Sterne Agee CRT began coverage on shares of Wintrust Financial Corp. in a research report on Sunday, June 12th. They set a hold rating on the stock. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $53.10.
Shares of Wintrust Financial Corp. (NASDAQ:WTFC) opened at 56.03 on Friday. The firm’s 50-day moving average price is $55.12 and its 200-day moving average price is $51.66. Wintrust Financial Corp. has a 12-month low of $37.96 and a 12-month high of $56.61. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 17.88 and a beta of 0.86.
Wintrust Financial Corp. (NASDAQ:WTFC) last released its quarterly earnings results on Tuesday, July 19th. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.04. Wintrust Financial Corp. had a net margin of 16.55% and a return on equity of 8.27%. During the same quarter last year, the firm posted $0.85 EPS. On average, analysts forecast that Wintrust Financial Corp. will post $3.60 EPS for the current fiscal year.
In other Wintrust Financial Corp. news, insider Richard B. Murphy sold 1,293 shares of the business’s stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $52.71, for a total value of $68,154.03. Following the completion of the transaction, the insider now owns 28,445 shares in the company, valued at $1,499,335.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.00% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of WTFC. First Mercantile Trust Co. acquired a new position in Wintrust Financial Corp. during the third quarter valued at approximately $167,000. Foundry Partners LLC increased its position in Wintrust Financial Corp. by 4.9% in the third quarter. Foundry Partners LLC now owns 250,572 shares of the company’s stock valued at $13,924,000 after buying an additional 11,756 shares during the period. Mason Street Advisors LLC acquired a new position in Wintrust Financial Corp. during the second quarter valued at approximately $515,000. Schwab Charles Investment Management Inc. increased its position in Wintrust Financial Corp. by 2.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 194,766 shares of the company’s stock valued at $9,934,000 after buying an additional 5,575 shares during the period. Finally, Stifel Financial Corp increased its position in Wintrust Financial Corp. by 28.4% in the second quarter. Stifel Financial Corp now owns 115,512 shares of the company’s stock valued at $5,891,000 after buying an additional 25,558 shares during the period. Institutional investors and hedge funds own 91.90% of the company’s stock.
Wintrust Financial Corp. 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 provides community-oriented, personal and commercial banking services to customers located in the Chicago metropolitan area and in southeastern Wisconsin through its banking subsidiaries (the banks).
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