Wintrust Financial Corporation (NASDAQ:WTFC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

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. “

Other analysts also recently issued research reports about the stock. ValuEngine upgraded shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Jefferies Group LLC reiterated a “hold” rating and issued a $80.00 price target on shares of Wintrust Financial Corporation in a research report on Friday, August 11th. Hovde Group reiterated a “market perform” rating and issued a $80.00 price target (up previously from $76.50) on shares of Wintrust Financial Corporation in a research report on Wednesday, August 2nd. Piper Jaffray Companies set a $72.00 price target on shares of Wintrust Financial Corporation and gave the company a “hold” rating in a research report on Tuesday, July 18th. Finally, BidaskClub downgraded shares of Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Wintrust Financial Corporation has a consensus rating of “Hold” and a consensus price target of $80.63.

Wintrust Financial Corporation (NASDAQ:WTFC) traded up 0.85% during mid-day trading on Tuesday, hitting $72.69. 39,062 shares of the stock were exchanged. The company has a 50 day moving average price of $72.57 and a 200 day moving average price of $72.47. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 18.33 and a beta of 0.81. Wintrust Financial Corporation has a 52-week low of $51.66 and a 52-week high of $80.52.

Wintrust Financial Corporation (NASDAQ:WTFC) last released its quarterly earnings results 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 net margin of 19.24% and a return on equity of 9.15%. The firm had revenue of $294.38 million during the quarter, compared to the consensus estimate of $279.69 million. During the same quarter in the prior year, the firm earned $0.90 EPS. Wintrust Financial Corporation’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, analysts anticipate that Wintrust Financial Corporation will post $4.30 EPS for the current year.

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In other Wintrust Financial Corporation news, insider Edward J. Wehmer sold 29,779 shares of the company’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $76.89, for a total transaction of $2,289,707.31. Following the completion of the transaction, the insider now owns 137,352 shares in the company, valued at approximately $10,560,995.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gary D. Sweeney acquired 485 shares of the business’s stock in a transaction on Friday, July 21st. The shares were purchased at an average price 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 disclosure for this purchase can be found here. 1.97% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Advisors Asset Management Inc. acquired a new position in shares of Wintrust Financial Corporation during the 2nd quarter worth $121,000. Exane Derivatives acquired a new position in shares of Wintrust Financial Corporation during the 2nd quarter worth $128,000. Daiwa Securities Group Inc. acquired a new position in shares of Wintrust Financial Corporation during the 1st quarter worth $187,000. Oppenheimer & Co. Inc. grew its stake in shares of Wintrust Financial Corporation by 3.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 2,956 shares of the bank’s stock worth $204,000 after purchasing an additional 96 shares during the period. Finally, Essex Investment Management Co. LLC acquired a new position in shares of Wintrust Financial Corporation during the 2nd quarter worth $215,000. 90.64% 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.

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Analyst Recommendations for Wintrust Financial Corporation (NASDAQ:WTFC)

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