Wintrust Financial (WTFC) Raised to “Buy” at BidaskClub

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.

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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.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Monday, January 22nd. The bank reported $1.17 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $299.47 million. During the same quarter in the previous year, the firm posted $0.94 EPS. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. sell-side analysts forecast that Wintrust Financial will post 5.58 earnings per share for the current fiscal year.

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.

Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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