Jefferies Group LLC Reaffirms “Hold” Rating for Wintrust Financial Corporation (NASDAQ:WTFC)
Wintrust Financial Corporation (NASDAQ:WTFC)‘s stock had its “hold” rating reiterated by research analysts at Jefferies Group LLC in a note issued to investors on Friday. They currently have a $80.00 target price on the bank’s stock. Jefferies Group LLC’s price objective would indicate a potential upside of 10.82% from the stock’s previous close.
Several other research firms have also issued reports on WTFC. Piper Jaffray Companies set a $72.00 target price on Wintrust Financial Corporation and gave the stock a “hold” rating in a report on Tuesday, July 18th. BidaskClub lowered Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Hovde Group reissued a “market perform” rating and set a $80.00 target price (up from $76.50) on shares of Wintrust Financial Corporation in a report on Wednesday, August 2nd. Keefe, Bruyette & Woods reissued a “buy” rating and set a $74.00 target price on shares of Wintrust Financial Corporation in a report on Thursday, April 20th. Finally, Wedbush reissued an “outperform” rating and set a $89.00 target price on shares of Wintrust Financial Corporation in a report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Wintrust Financial Corporation has a consensus rating of “Hold” and a consensus price target of $78.71.
Shares of Wintrust Financial Corporation (NASDAQ WTFC) traded down 1.11% during midday trading on Friday, hitting $72.19. 177,071 shares of the stock traded hands. The stock has a 50 day moving average of $76.00 and a 200 day moving average of $72.77. Wintrust Financial Corporation has a 1-year low of $51.66 and a 1-year high of $80.52. The company has a market capitalization of $4.03 billion, a P/E ratio of 18.21 and a beta of 0.81.
Wintrust Financial Corporation (NASDAQ:WTFC) last released its earnings results on Tuesday, July 18th. The bank reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.12. The company had revenue of $294.38 million for the quarter, compared to analyst estimates of $279.69 million. Wintrust Financial Corporation had a return on equity of 9.15% and a net margin of 19.24%. Wintrust Financial Corporation’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 EPS. Equities research analysts predict that Wintrust Financial Corporation will post $4.30 earnings per share for the current fiscal year.
In other news, Director Gary D. Sweeney bought 485 shares of the company’s stock in a transaction on Friday, July 21st. The stock was purchased at an average cost of $77.12 per share, for a total transaction of $37,403.20. Following the completion of the transaction, the director now owns 2,186 shares of the company’s stock, valued at $168,584.32. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP David A. Dykstra sold 26,861 shares of the stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $76.82, for a total value of $2,063,462.02. Following the completion of the transaction, the executive vice president now owns 185,651 shares of the company’s stock, valued at $14,261,709.82. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Swiss National Bank increased its position in Wintrust Financial Corporation by 0.6% in the first quarter. Swiss National Bank now owns 85,367 shares of the bank’s stock valued at $5,901,000 after buying an additional 500 shares in the last quarter. Sei Investments Co. increased its position in Wintrust Financial Corporation by 4.4% in the first quarter. Sei Investments Co. now owns 72,123 shares of the bank’s stock valued at $4,985,000 after buying an additional 3,036 shares in the last quarter. Clinton Group Inc. purchased a new position in Wintrust Financial Corporation during the first quarter valued at approximately $1,805,000. Credit Agricole S A increased its position in Wintrust Financial Corporation by 48.0% in the first quarter. Credit Agricole S A now owns 303,848 shares of the bank’s stock valued at $21,002,000 after buying an additional 98,489 shares in the last quarter. Finally, Amalgamated Bank increased its position in Wintrust Financial Corporation by 3.9% in the first quarter. Amalgamated Bank now owns 7,235 shares of the bank’s stock valued at $500,000 after buying an additional 271 shares in the last quarter. Hedge funds and other institutional investors own 89.70% of the company’s stock.
About Wintrust Financial Corporation
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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