Wintrust Financial Corp. (WTFC) Given Average Recommendation of “Hold” by Brokerages
Shares of Wintrust Financial Corp. (NASDAQ:WTFC) have received an average rating of “Hold” from the twelve ratings firms that are currently covering the company. Nine equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $52.75.
WTFC has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Wintrust Financial Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Piper Jaffray Cos. reiterated a “neutral” rating and set a $53.00 price target (up previously from $52.00) on shares of Wintrust Financial Corp. in a report on Sunday, July 24th. Finally, Hovde Group assumed coverage on shares of Wintrust Financial Corp. in a report on Wednesday, August 24th. They set a “market perform” rating and a $59.00 price target on the stock.
In other Wintrust Financial Corp. news, insider Richard B. Murphy sold 1,293 shares of Wintrust Financial Corp. stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $52.71, for a total value of $68,154.03. Following the completion of the sale, the insider now directly owns 28,445 shares of the company’s stock, valued at $1,499,335.95. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by company insiders.
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Large investors have recently bought and sold shares of the stock. Mesirow Financial Investment Management Equity Management increased its stake in Wintrust Financial Corp. by 2,795.0% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 473,107 shares of the company’s stock valued at $24,130,000 after buying an additional 456,765 shares during the period. Vanguard Group Inc. increased its stake in Wintrust Financial Corp. by 10.4% in the second quarter. Vanguard Group Inc. now owns 4,042,961 shares of the company’s stock valued at $206,191,000 after buying an additional 382,273 shares during the period. Teachers Advisors Inc. increased its stake in Wintrust Financial Corp. by 116.3% in the second quarter. Teachers Advisors Inc. now owns 554,780 shares of the company’s stock valued at $28,294,000 after buying an additional 298,244 shares during the period. BlackRock Fund Advisors increased its stake in Wintrust Financial Corp. by 8.3% in the second quarter. BlackRock Fund Advisors now owns 3,365,629 shares of the company’s stock valued at $171,647,000 after buying an additional 258,723 shares during the period. Finally, Foundry Partners LLC bought a new stake in Wintrust Financial Corp. during the second quarter valued at $12,180,000. 91.93% of the stock is owned by hedge funds and other institutional investors.
Shares of Wintrust Financial Corp. (NASDAQ:WTFC) traded down 0.02% during trading on Tuesday, reaching $54.12. 240,126 shares of the company were exchanged. The stock’s 50-day moving average is $55.18 and its 200-day moving average is $52.20. Wintrust Financial Corp. has a 52-week low of $37.96 and a 52-week high of $56.68. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 17.27 and a beta of 0.86.
Wintrust Financial Corp. (NASDAQ:WTFC) last issued its quarterly earnings results on Monday, October 17th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The company had revenue of $271.24 million for the quarter, compared to analyst estimates of $264.11 million. Wintrust Financial Corp. had a net margin of 16.55% and a return on equity of 8.27%. Wintrust Financial Corp.’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.69 earnings per share. Equities research analysts predict that Wintrust Financial Corp. will post $3.60 earnings per share for the current fiscal year.
About Wintrust Financial Corp.
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 provides community-oriented, personal and commercial banking services to customers located in the Chicago metropolitan area and in southeastern Wisconsin through its banking subsidiaries (the banks).
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