FIG Partners lowered shares of Wintrust Financial (NASDAQ:WTFC) from an outperform rating to a market perform rating in a research report sent to investors on Monday morning, MarketBeat Ratings reports.
WTFC has been the subject of several other reports. BidaskClub downgraded shares of Wintrust Financial from a buy rating to a hold rating in a report on Friday, December 15th. Zacks Investment Research raised shares of Wintrust Financial from a hold rating to a buy rating and set a $94.00 price objective for the company in a report on Wednesday, December 27th. DA Davidson upped their price objective on shares of Wintrust Financial to $93.00 and gave the stock a neutral rating in a report on Wednesday, January 24th. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $100.00 price objective on shares of Wintrust Financial in a report on Tuesday, February 27th. Finally, ValuEngine raised shares of Wintrust Financial from a hold rating to a buy rating in a report on Sunday, December 31st. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $89.78.
Shares of Wintrust Financial (WTFC) opened at $90.12 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.01 and a quick ratio of 0.99. The company has a market cap of $5,020.00, a P/E ratio of 21.11, a price-to-earnings-growth ratio of 1.23 and a beta of 0.84. Wintrust Financial has a 1 year low of $64.14 and a 1 year high of $91.51.
Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Monday, January 22nd. The bank reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.04. The company had revenue of $300.14 million during the quarter, compared to the consensus estimate of $299.47 million. Wintrust Financial had a net margin of 20.35% and a return on equity of 9.49%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 earnings per share. sell-side analysts predict that Wintrust Financial will post 5.52 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.14. This represents a $0.76 dividend on an annualized basis and a yield of 0.84%. Wintrust Financial’s dividend payout ratio is 17.80%.
In other Wintrust Financial news, insider Edward J. Wehmer sold 14,173 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $87.66, for a total value of $1,242,405.18. Following the completion of the sale, the insider now directly owns 134,864 shares of the company’s stock, valued at approximately $11,822,178.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP David A. Dykstra sold 11,235 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $87.56, for a total transaction of $983,736.60. Following the completion of the sale, the executive vice president now directly owns 39,365 shares of the company’s stock, valued at $3,446,799.40. The disclosure for this sale can be found here. Over the last three months, insiders acquired 152 shares of company stock valued at $10,629 and sold 30,676 shares valued at $2,687,566. 1.97% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the business. Oppenheimer & Co. Inc. boosted its holdings in Wintrust Financial by 18.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 4,377 shares of the bank’s stock valued at $361,000 after purchasing an additional 669 shares during the period. Aperio Group LLC boosted its holdings in Wintrust Financial by 8.0% in the 4th quarter. Aperio Group LLC now owns 10,383 shares of the bank’s stock valued at $855,000 after purchasing an additional 770 shares during the period. Wayne Hummer Investments L.L.C. boosted its holdings in Wintrust Financial by 26.9% in the 4th quarter. Wayne Hummer Investments L.L.C. now owns 3,813 shares of the bank’s stock valued at $314,000 after purchasing an additional 808 shares during the period. Cortina Asset Management LLC boosted its holdings in Wintrust Financial by 0.9% in the 3rd quarter. Cortina Asset Management LLC now owns 98,998 shares of the bank’s stock valued at $7,753,000 after purchasing an additional 869 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in Wintrust Financial by 11.7% in the 3rd quarter. Pacer Advisors Inc. now owns 8,345 shares of the bank’s stock valued at $653,000 after purchasing an additional 875 shares during the period. 90.97% of the stock is owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: “Wintrust Financial (WTFC) Stock Rating Lowered by FIG Partners” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://ledgergazette.com/2018/03/13/wintrust-financial-wtfc-stock-rating-lowered-by-fig-partners.html.
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.
Receive News & Ratings for Wintrust Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial and related companies with MarketBeat.com's FREE daily email newsletter.