BidaskClub upgraded shares of Wintrust Financial (NASDAQ:WTFC) from a hold rating to a buy rating in a research report released on Wednesday morning.
Several other brokerages also recently weighed in on WTFC. FIG Partners downgraded shares of Wintrust Financial from an outperform rating to a market perform rating in a report on Monday, March 12th. UBS initiated coverage on shares of Wintrust Financial in a report on Thursday, March 22nd. They issued a neutral rating and a $93.00 target price for the company. Piper Jaffray reaffirmed a hold rating and issued a $86.00 target price on shares of Wintrust Financial in a report on Tuesday, January 9th. Zacks Investment Research downgraded shares of Wintrust Financial from a buy rating to a hold rating in a report on Thursday, February 15th. Finally, SunTrust Banks reaffirmed a hold rating and issued a $94.00 target price on shares of Wintrust Financial in a report on Tuesday, January 9th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Wintrust Financial presently has a consensus rating of Hold and a consensus price target of $90.90.
Shares of WTFC stock opened at $85.99 on Wednesday. Wintrust Financial has a 1 year low of $64.14 and a 1 year high of $91.67. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.43. The firm has a market cap of $4,988.62, a PE ratio of 19.54, a price-to-earnings-growth ratio of 1.18 and a beta of 0.83.
In other Wintrust Financial news, CFO David L. Stoehr sold 5,268 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $87.59, for a total value of $461,424.12. Following the sale, the chief financial officer now owns 11,347 shares in the company, valued at approximately $993,883.73. 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 the business’s stock in a transaction on Monday, January 29th. The stock was 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 owns 39,365 shares in the company, valued at approximately $3,446,799.40. The disclosure for this sale can be found here. In the last quarter, insiders acquired 21 shares of company stock worth $1,170 and sold 30,676 shares worth $2,687,566. 2.00% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the business. Oppenheimer & Co. Inc. lifted its stake in Wintrust Financial by 18.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 4,377 shares of the bank’s stock worth $361,000 after purchasing an additional 669 shares in the last quarter. Aperio Group LLC lifted its stake in Wintrust Financial by 8.0% in the 4th quarter. Aperio Group LLC now owns 10,383 shares of the bank’s stock worth $855,000 after purchasing an additional 770 shares in the last quarter. Wayne Hummer Investments L.L.C. lifted its stake 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 worth $314,000 after purchasing an additional 808 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Wintrust Financial by 23.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,678 shares of the bank’s stock worth $385,000 after purchasing an additional 897 shares in the last quarter. Finally, Sit Investment Associates Inc. lifted its stake in Wintrust Financial by 8.6% in the 4th quarter. Sit Investment Associates Inc. now owns 13,860 shares of the bank’s stock worth $1,142,000 after purchasing an additional 1,095 shares in the last quarter. Institutional investors and hedge funds own 90.99% 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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