Equities researchers at UBS started coverage on shares of Wintrust Financial (NASDAQ:WTFC) in a report released on Thursday. The firm set a “neutral” rating on the bank’s stock.
Other research analysts have also issued reports about the stock. BidaskClub raised shares of Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. ValuEngine upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a report on Wednesday, December 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $90.00 target price on shares of Wintrust Financial in a report on Thursday, December 14th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $88.00 target price on shares of Wintrust Financial in a report on Wednesday, November 29th. Nine 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 target price of $89.78.
Wintrust Financial stock opened at $88.41 on Thursday. Wintrust Financial has a 12 month low of $64.14 and a 12 month high of $91.67. The firm has a market cap of $4,981.88, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 1.19 and a beta of 0.84. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.43.
Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Monday, January 22nd. The bank reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.04. Wintrust Financial had a net margin of 20.35% and a return on equity of 9.49%. The firm had revenue of $300.14 million for the quarter, compared to analyst estimates of $299.47 million. During the same period last year, the firm earned $0.94 earnings per share. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. equities research analysts anticipate that Wintrust Financial will post 5.52 EPS for the current fiscal year.
In related news, CFO David L. Stoehr sold 5,268 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $87.59, for a total transaction of $461,424.12. Following the completion of the sale, the chief financial officer now owns 11,347 shares in the company, valued at $993,883.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edward J. Wehmer sold 14,173 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.66, for a total transaction of $1,242,405.18. Following the sale, the insider now owns 134,864 shares of the company’s stock, valued at approximately $11,822,178.24. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 152 shares of company stock valued at $10,629 and have sold 30,676 shares valued at $2,687,566. Company insiders own 1.97% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cerebellum GP LLC purchased a new stake in Wintrust Financial during the fourth quarter worth about $126,000. Trust Co. of Toledo NA OH purchased a new stake in Wintrust Financial during the fourth quarter worth about $200,000. Magnetar Financial LLC purchased a new stake in Wintrust Financial during the third quarter worth about $204,000. Brown Advisory Inc. purchased a new stake in Wintrust Financial during the fourth quarter worth about $213,000. Finally, Castleark Management LLC purchased a new stake in Wintrust Financial during the fourth quarter worth about $231,000. Institutional investors and hedge funds own 90.98% of the company’s stock.
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Wintrust Financial Company Profile
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.
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