Wintrust Financial Corporation (NASDAQ:WTFC)‘s stock had its “buy” rating reiterated by investment analysts at Keefe, Bruyette & Woods in a research note issued to investors on Tuesday. They presently have a $82.00 price objective on the bank’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 15.62% from the stock’s current price.

Several other brokerages also recently issued reports on WTFC. Piper Jaffray Companies set a $72.00 price target on shares of Wintrust Financial Corporation and gave the company a “hold” rating in a report on Tuesday, July 18th. ValuEngine raised shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. BidaskClub downgraded shares of Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Hovde Group reaffirmed a “market perform” rating and issued a $80.00 price target (up previously from $76.50) on shares of Wintrust Financial Corporation in a report on Wednesday, August 2nd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $89.00 price target on shares of Wintrust Financial Corporation in a report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Wintrust Financial Corporation currently has a consensus rating of “Hold” and a consensus price target of $79.86.

Shares of Wintrust Financial Corporation (WTFC) opened at 70.92 on Tuesday. The firm has a 50-day moving average of $75.60 and a 200-day moving average of $72.82. Wintrust Financial Corporation has a 12-month low of $51.65 and a 12-month high of $80.52. The firm has a market cap of $3.96 billion, a P/E ratio of 17.89 and a beta of 0.81.

Wintrust Financial Corporation (NASDAQ:WTFC) last announced its quarterly earnings results on Tuesday, July 18th. The bank reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.12. Wintrust Financial Corporation had a net margin of 19.24% and a return on equity of 9.15%. The company had revenue of $294.38 million for the quarter, compared to the consensus estimate of $279.69 million. During the same quarter in the prior year, the firm earned $0.90 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, equities analysts forecast that Wintrust Financial Corporation will post $4.30 earnings per share for the current fiscal year.

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In related news, EVP David A. Dykstra sold 26,861 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $76.82, for a total transaction of $2,063,462.02. Following the transaction, the executive vice president now owns 185,651 shares of the company’s stock, valued at $14,261,709.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary D. Sweeney acquired 485 shares of Wintrust Financial Corporation stock in a transaction that occurred on Friday, July 21st. The shares were purchased at an average cost of $77.12 per share, for a total transaction of $37,403.20. Following the purchase, the director now directly owns 2,186 shares of the company’s stock, valued at approximately $168,584.32. The disclosure for this purchase can be found here. Corporate insiders own 1.97% of the company’s stock.

Several institutional investors have recently made changes to their positions in WTFC. Emerald Advisers Inc. PA increased its position in shares of Wintrust Financial Corporation by 7.6% in the first quarter. Emerald Advisers Inc. PA now owns 184,035 shares of the bank’s stock valued at $12,720,000 after buying an additional 13,025 shares during the last quarter. Hennessy Advisors Inc. raised its position in shares of Wintrust Financial Corporation by 1.2% in the first quarter. Hennessy Advisors Inc. now owns 82,000 shares of the bank’s stock valued at $5,668,000 after buying an additional 1,000 shares during the period. First Midwest Bank Trust Division raised its position in shares of Wintrust Financial Corporation by 159.9% in the first quarter. First Midwest Bank Trust Division now owns 17,255 shares of the bank’s stock valued at $1,193,000 after buying an additional 10,615 shares during the period. Russell Investments Group Ltd. raised its position in shares of Wintrust Financial Corporation by 1.7% in the first quarter. Russell Investments Group Ltd. now owns 123,403 shares of the bank’s stock valued at $8,529,000 after buying an additional 2,006 shares during the period. Finally, Shell Asset Management Co. bought a new position in shares of Wintrust Financial Corporation during the first quarter valued at approximately $811,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Corporation Company Profile

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.

Analyst Recommendations for Wintrust Financial Corporation (NASDAQ:WTFC)

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