Wintrust Financial (NASDAQ:WTFC) Stock Rating Lowered by Zacks Investment Research

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Wintrust Financial (NASDAQ:WTFC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Sunday, Zacks.com reports.

According to Zacks, “Wintrust Financial Corporation is a bank holding company which provides banking services, trust and investment services, commercial insurance premium financing, short-term accounts receivable financing, and certain administrative services. They provide community-oriented, personal and commercial banking services through their subsidiaries, Lake Forest Bank & Trust Company, Hinsdale Bank & Trust Company, North Shore Community Bank & Trust Company, Libertyville Bank & Trust Company, Barrington Bank & Trust Company, Crystal Lake Bank & Trust Company, and Northbrook Bank & Trust Company. “

A number of other equities research analysts also recently commented on the company. BidaskClub downgraded Xilinx from a “buy” rating to a “hold” rating in a research report on Saturday, June 15th. Jefferies Financial Group lifted their price objective on T. Rowe Price Group from $103.00 to $119.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Piper Jaffray Companies set a $92.00 price objective on Wintrust Financial and gave the company a “buy” rating in a research report on Monday, July 8th. Finally, Wedbush reaffirmed a “hold” rating and issued a $9.00 price objective on shares of Glu Mobile in a research report on Tuesday, May 7th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Wintrust Financial has an average rating of “Hold” and an average price target of $92.00.

Wintrust Financial stock opened at $70.05 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.41. The business’s fifty day moving average is $71.68. The stock has a market capitalization of $4.08 billion, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 0.81 and a beta of 1.04. Wintrust Financial has a fifty-two week low of $61.53 and a fifty-two week high of $92.56.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, April 15th. The bank reported $1.52 EPS for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.01). The business had revenue of $343.64 million during the quarter, compared to analysts’ expectations of $345.03 million. Wintrust Financial had a net margin of 21.95% and a return on equity of 11.28%. Wintrust Financial’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 EPS. Research analysts anticipate that Wintrust Financial will post 6.56 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Falcon Point Capital LLC boosted its position in shares of Wintrust Financial by 12.3% during the second quarter. Falcon Point Capital LLC now owns 43,154 shares of the bank’s stock worth $3,158,000 after buying an additional 4,720 shares during the period. Hexavest Inc. acquired a new position in shares of Wintrust Financial during the second quarter worth approximately $284,000. Copper Rock Capital Partners LLC boosted its position in shares of Wintrust Financial by 26.7% during the second quarter. Copper Rock Capital Partners LLC now owns 261,807 shares of the bank’s stock worth $19,154,000 after buying an additional 55,197 shares during the period. FMR LLC boosted its position in shares of Wintrust Financial by 49.3% during the first quarter. FMR LLC now owns 988,775 shares of the bank’s stock worth $66,574,000 after buying an additional 326,602 shares during the period. Finally, Marshall Wace North America L.P. boosted its position in shares of Wintrust Financial by 432.9% during the first quarter. Marshall Wace North America L.P. now owns 94,565 shares of the bank’s stock worth $6,368,000 after buying an additional 76,819 shares during the period. Hedge funds and other institutional investors own 89.01% of the company’s stock.

About Wintrust Financial

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.

Further Reading: Buy-Side Analysts

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Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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