Wintrust Financial Corporation (NASDAQ:WTFC)‘s stock had its “buy” rating reiterated by research analysts at Royal Bank Of Canada in a report released on Friday. They presently have a $84.00 target price on the bank’s stock. Royal Bank Of Canada’s target price points to a potential upside of 22.88% from the stock’s previous close.

Several other research firms have also commented on WTFC. Stephens lowered Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 10th. Piper Jaffray Companies set a $72.00 target price on Wintrust Financial Corporation and gave the stock a “hold” rating in a research report on Tuesday, July 18th. BidaskClub lowered Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “hold” rating and set a $80.00 target price on shares of Wintrust Financial Corporation in a research report on Sunday, June 11th. Finally, Zacks Investment Research lowered Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Wintrust Financial Corporation has an average rating of “Hold” and a consensus price target of $81.00.

Wintrust Financial Corporation (NASDAQ WTFC) opened at 68.36 on Friday. The firm has a market capitalization of $3.82 billion, a PE ratio of 17.24 and a beta of 0.81. The stock’s 50 day moving average price is $73.43 and its 200 day moving average price is $72.66. Wintrust Financial Corporation has a 52-week low of $51.65 and a 52-week high of $80.52.

Wintrust Financial Corporation (NASDAQ:WTFC) last released its quarterly earnings data on Tuesday, July 18th. The bank reported $1.11 EPS for the quarter, beating the 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 company had revenue of $294.38 million for the quarter, compared to analyst estimates of $279.69 million. During the same period last year, the company posted $0.90 earnings per share. The firm’s revenue was up 13.2% compared to the same quarter last year. Analysts expect that Wintrust Financial Corporation will post $4.30 earnings per share for the current year.

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In related news, insider Edward J. Wehmer sold 29,779 shares of Wintrust Financial Corporation stock in a transaction dated 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 in the company, valued at $10,560,995.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary D. Sweeney purchased 485 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The stock was purchased at an average price of $77.12 per share, with a total value of $37,403.20. Following the completion of 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. 2.00% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the stock. Phocas Financial Corp. grew its stake in Wintrust Financial Corporation by 4.7% in the second quarter. Phocas Financial Corp. now owns 196,349 shares of the bank’s stock worth $15,009,000 after purchasing an additional 8,760 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Wintrust Financial Corporation by 531.5% in the second quarter. Public Employees Retirement System of Ohio now owns 9,334 shares of the bank’s stock worth $713,000 after purchasing an additional 7,856 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in Wintrust Financial Corporation by 7.9% in the second quarter. Ameritas Investment Partners Inc. now owns 21,527 shares of the bank’s stock worth $1,646,000 after purchasing an additional 1,579 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Wintrust Financial Corporation by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 121,906 shares of the bank’s stock worth $9,318,000 after purchasing an additional 3,606 shares in the last quarter. Finally, State Street Corp grew its stake in Wintrust Financial Corporation by 5.9% in the second quarter. State Street Corp now owns 3,031,640 shares of the bank’s stock worth $231,743,000 after purchasing an additional 168,386 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

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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