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

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. Hovde Group reiterated a “market perform” rating and issued a $80.00 price target (up from $76.50) on shares of Wintrust Financial Corporation in a report on Wednesday, August 2nd. ValuEngine upgraded Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a 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 report on Friday, August 11th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $82.00 price target on shares of Wintrust Financial Corporation in a report on Tuesday, August 22nd. Finally, BidaskClub downgraded Wintrust Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $81.38.

Shares of Wintrust Financial Corporation (NASDAQ:WTFC) opened at $78.47 on Friday. Wintrust Financial Corporation has a 52 week low of $61.46 and a 52 week high of $82.16. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $4,400.00, a P/E ratio of 18.79, a P/E/G ratio of 1.33 and a beta of 0.83.

Wintrust Financial Corporation (NASDAQ:WTFC) last posted its earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.04. Wintrust Financial Corporation had a return on equity of 9.32% and a net margin of 19.74%. The firm had revenue of $295.70 million for the quarter, compared to analyst estimates of $298.96 million. During the same quarter in the prior year, the company earned $0.92 EPS. Wintrust Financial Corporation’s revenue was up 9.0% on a year-over-year basis. equities analysts forecast that Wintrust Financial Corporation will post 4.38 earnings per share for the current year.

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In related news, insider Leona A. Gleason sold 8,441 shares of the stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $80.78, for a total value of $681,863.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David A. Dykstra sold 22,476 shares of the stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $79.86, for a total value of $1,794,933.36. Following the completion of the sale, the executive vice president now owns 188,604 shares of the company’s stock, valued at $15,061,915.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,500 shares of company stock valued at $3,563,512. 2.00% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of WTFC. LS Investment Advisors LLC boosted its position in Wintrust Financial Corporation by 8.3% in the 3rd quarter. LS Investment Advisors LLC now owns 1,898 shares of the bank’s stock valued at $105,000 after buying an additional 146 shares during the last quarter. Victory Capital Management Inc. boosted its position in Wintrust Financial Corporation by 77.5% in the 2nd quarter. Victory Capital Management Inc. now owns 2,277 shares of the bank’s stock valued at $116,000 after buying an additional 994 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in Wintrust Financial Corporation in the 2nd quarter valued at about $121,000. Exane Derivatives purchased a new position in Wintrust Financial Corporation in the 2nd quarter valued at about $128,000. Finally, First Mercantile Trust Co. purchased a new position in Wintrust Financial Corporation in the 3rd quarter valued at about $167,000. 91.11% of the stock is owned by 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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