Wintrust Financial Corporation (NASDAQ:WTFC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

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. “

WTFC has been the subject of several other reports. Jefferies Group LLC reiterated a “hold” rating and issued a $80.00 target price on shares of Wintrust Financial Corporation in a report on Friday, August 11th. ValuEngine upgraded Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Piper Jaffray Companies reiterated a “hold” rating and issued a $74.00 target price on shares of Wintrust Financial Corporation in a report on Friday, September 1st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $82.00 target price on shares of Wintrust Financial Corporation in a report on Tuesday, August 22nd. Finally, Stephens cut Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Wintrust Financial Corporation currently has a consensus rating of “Hold” and a consensus price target of $80.57.

Wintrust Financial Corporation (WTFC) opened at 68.02 on Friday. The company has a market cap of $3.80 billion, a P/E ratio of 17.16 and a beta of 0.81. The firm has a 50-day moving average price of $73.70 and a 200-day moving average price of $72.69. Wintrust Financial Corporation has a 12-month low of $51.65 and a 12-month high of $80.52.

Wintrust Financial Corporation (NASDAQ:WTFC) last issued its earnings results on Tuesday, July 18th. The bank reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.12. Wintrust Financial Corporation had a return on equity of 9.15% and a net margin of 19.24%. The business had revenue of $294.38 million during the quarter, compared to analysts’ expectations of $279.69 million. During the same period in the prior year, the business earned $0.90 EPS. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, equities research 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, Director Gary D. Sweeney purchased 485 shares of Wintrust Financial Corporation stock in a transaction dated Friday, July 21st. The stock was purchased at an average cost of $77.12 per share, with a total value of $37,403.20. Following the transaction, the director now owns 2,186 shares in the company, valued at approximately $168,584.32. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Edward J. Wehmer sold 29,779 shares of the business’s stock in a transaction on Friday, July 21st. The stock was 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 $10,560,995.28. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Wintrust Financial Corporation by 6.3% in the 2nd quarter. BlackRock Inc. now owns 6,492,888 shares of the bank’s stock worth $496,316,000 after acquiring an additional 382,791 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Wintrust Financial Corporation by 7.7% in the 2nd quarter. Vanguard Group Inc. now owns 4,586,706 shares of the bank’s stock worth $350,607,000 after acquiring an additional 327,529 shares in the last quarter. State Street Corp raised its position in shares of Wintrust Financial Corporation by 5.9% in the 2nd quarter. State Street Corp now owns 3,031,640 shares of the bank’s stock worth $231,743,000 after acquiring an additional 168,386 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Wintrust Financial Corporation by 189.4% in the 1st quarter. JPMorgan Chase & Co. now owns 1,610,423 shares of the bank’s stock worth $111,312,000 after acquiring an additional 1,053,900 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Wintrust Financial Corporation by 33.2% in the 2nd quarter. Northern Trust Corp now owns 1,403,270 shares of the bank’s stock worth $107,265,000 after acquiring an additional 349,965 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Wintrust Financial Corporation (NASDAQ:WTFC)

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