Keefe, Bruyette & Woods Reaffirms Buy Rating for Wintrust Financial (WTFC)
Wintrust Financial (NASDAQ:WTFC)‘s stock had its “buy” rating restated by research analysts at Keefe, Bruyette & Woods in a report released on Thursday. They currently have a $90.00 price target on the bank’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 10.81% from the company’s previous close.
Other equities analysts have also recently issued research reports about the stock. SunTrust Banks reaffirmed a “hold” rating and set a $88.00 price objective on shares of Wintrust Financial in a research note on Wednesday, November 29th. Royal Bank of Canada reaffirmed a “buy” rating and set a $84.00 price objective on shares of Wintrust Financial in a research note on Friday, October 20th. Zacks Investment Research cut shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 18th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $74.00 price objective on shares of Wintrust Financial in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $83.50.
Wintrust Financial (NASDAQ WTFC) traded down $0.58 on Thursday, hitting $81.22. 463,100 shares of the stock traded hands, compared to its average volume of 398,900. The stock has a market capitalization of $4,510.00, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 1.38 and a beta of 0.83. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 0.99. Wintrust Financial has a 52-week low of $64.14 and a 52-week high of $86.80.
In other news, Director Ingrid S. Stafford sold 1,405 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $80.63, for a total value of $113,285.15. Following the completion of the sale, the director now directly owns 20,746 shares in the company, valued at approximately $1,672,749.98. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Leona A. Gleason sold 8,441 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $80.78, for a total transaction of $681,863.98. The disclosure for this sale can be found here. In the last three months, insiders sold 44,500 shares of company stock valued at $3,563,512. Corporate insiders own 2.00% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Wintrust Financial by 6.3% during the 2nd quarter. BlackRock Inc. now owns 6,492,888 shares of the bank’s stock valued at $496,316,000 after purchasing an additional 382,791 shares during the period. Vanguard Group Inc. grew its position in Wintrust Financial by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,586,706 shares of the bank’s stock valued at $350,607,000 after purchasing an additional 327,529 shares during the last quarter. State Street Corp grew its position in Wintrust Financial by 5.9% during the 2nd quarter. State Street Corp now owns 3,031,640 shares of the bank’s stock valued at $231,743,000 after purchasing an additional 168,386 shares during the last quarter. JPMorgan Chase & Co. grew its position in Wintrust Financial by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,637,332 shares of the bank’s stock valued at $127,646,000 after purchasing an additional 257,613 shares during the last quarter. Finally, Northern Trust Corp grew its position in Wintrust Financial by 33.2% during the 2nd quarter. Northern Trust Corp now owns 1,403,270 shares of the bank’s stock valued at $107,265,000 after purchasing an additional 349,965 shares during the last quarter. Institutional investors own 91.71% of the company’s stock.
Wintrust Financial 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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