Several brokerages have updated their recommendations and price targets on shares of Wintrust Financial Corporation (NASDAQ: WTFC) in the last few weeks:

  • 8/2/2017 – Wintrust Financial Corporation had its “market perform” rating reaffirmed by analysts at Hovde Group. They now have a $80.00 price target on the stock, up previously from $76.50.
  • 7/28/2017 – Wintrust Financial Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/19/2017 – Wintrust Financial Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/18/2017 – Wintrust Financial Corporation was given a new $72.00 price target on by analysts at Piper Jaffray Companies. They now have a “hold” rating on the stock.
  • 7/14/2017 – Wintrust Financial Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $80.00 price target on the stock.
  • 7/10/2017 – Wintrust Financial Corporation was downgraded by analysts at Stephens from an “overweight” rating to an “equal weight” rating.
  • 6/27/2017 – Wintrust Financial Corporation had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $89.00 price target on the stock.
  • 6/11/2017 – Wintrust Financial Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $80.00 price target on the stock.
  • 6/10/2017 – Wintrust Financial Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “

Wintrust Financial Corporation (NASDAQ:WTFC) opened at 75.35 on Monday. Wintrust Financial Corporation has a one year low of $51.65 and a one year high of $80.52. The firm has a 50-day moving average of $76.37 and a 200 day moving average of $72.55. The stock has a market capitalization of $4.20 billion, a PE ratio of 19.00 and a beta of 0.81.

Wintrust Financial Corporation (NASDAQ:WTFC) last announced its quarterly earnings data on Tuesday, July 18th. The bank reported $1.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.12. The firm had revenue of $294.38 million during the quarter, compared to analyst estimates of $279.69 million. Wintrust Financial Corporation had a net margin of 19.24% and a return on equity of 9.15%. Wintrust Financial Corporation’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm posted $0.90 EPS. On average, equities research analysts anticipate that Wintrust Financial Corporation will post $4.28 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Tuesday, August 8th. Wintrust Financial Corporation’s payout ratio is currently 14.11%.

In related news, insider Edward J. Wehmer sold 29,779 shares of the stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $76.89, for a total value of $2,289,707.31. Following the completion of the transaction, the insider now directly owns 137,352 shares of the company’s stock, valued at approximately $10,560,995.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary D. Sweeney acquired 485 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The stock was bought at an average cost of $77.12 per share, with a total value of $37,403.20. Following the completion of the transaction, the director now directly owns 2,186 shares in the company, valued at $168,584.32. The disclosure for this purchase can be found here. Company insiders own 1.97% of the company’s stock.

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 offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.

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