Piper Jaffray Companies restated their hold rating on shares of Wintrust Financial (NASDAQ:WTFC) in a research report report published on Tuesday, January 9th. Piper Jaffray Companies currently has a $86.00 target price on the bank’s stock.
Several other analysts have also recently weighed in on WTFC. BidaskClub cut shares of Wintrust Financial from a buy rating to a hold rating in a report on Thursday, January 4th. Zacks Investment Research raised Wintrust Financial from a hold rating to a buy rating and set a $83.00 price objective for the company in a research report on Wednesday, September 27th. ValuEngine raised Wintrust Financial from a hold rating to a buy rating in a research report on Sunday, December 31st. Keefe, Bruyette & Woods reissued a buy rating on shares of Wintrust Financial in a research report on Tuesday, September 26th. Finally, SunTrust Banks reissued a hold rating and set a $88.00 price objective on shares of Wintrust Financial in a research report on Wednesday, November 29th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of Buy and an average price target of $86.88.
Shares of Wintrust Financial (NASDAQ:WTFC) traded up $0.44 during trading on Tuesday, hitting $87.71. 402,800 shares of the stock traded hands, compared to its average volume of 353,273. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 0.99. Wintrust Financial has a 1 year low of $64.14 and a 1 year high of $88.54. The company has a market capitalization of $4,880.42, a PE ratio of 21.03, a price-to-earnings-growth ratio of 1.18 and a beta of 0.83.
Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.04. The business had revenue of $295.70 million for the quarter, compared to analysts’ expectations of $298.96 million. Wintrust Financial had a net margin of 19.74% and a return on equity of 9.32%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 earnings per share. analysts forecast that Wintrust Financial will post 4.37 earnings per share for the current year.
In related news, CEO Edward J. Wehmer sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $79.91, for a total value of $719,190.00. Following the transaction, the chief executive officer now directly owns 121,873 shares of the company’s stock, valued at approximately $9,738,871.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas P. Zidar sold 3,178 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $80.00, for a total value of $254,240.00. Following the sale, the insider now directly owns 31,239 shares in the company, valued at $2,499,120. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,500 shares of company stock valued at $3,563,512. 2.00% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. bought a new position in Wintrust Financial in the 3rd quarter valued at $183,000. Magnetar Financial LLC bought a new position in shares of Wintrust Financial during the 3rd quarter worth $204,000. Csenge Advisory Group bought a new position in shares of Wintrust Financial during the 3rd quarter worth $212,000. Adviser Investments LLC bought a new position in shares of Wintrust Financial during the 3rd quarter worth $214,000. Finally, Jane Street Group LLC bought a new position in shares of Wintrust Financial during the 3rd quarter worth $260,000. 91.60% of the stock is currently owned by institutional investors.
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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