Wintrust Financial (NASDAQ:WTFC) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a report on Saturday, September 2nd. Royal Bank of Canada restated a “buy” rating and set a $84.00 target price on shares of Wintrust Financial in a report on Friday, September 8th. Keefe, Bruyette & Woods restated a “buy” rating on shares of Wintrust Financial in a report on Tuesday, September 26th. Finally, SunTrust Banks set a $79.00 target price on shares of Wintrust Financial and gave the company a “hold” rating in a report on Thursday, October 19th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $83.50.

Shares of Wintrust Financial (WTFC) traded up $2.83 on Friday, hitting $82.99. 1,517,259 shares of the stock were exchanged, compared to its average volume of 322,773. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 0.99. The stock has a market cap of $4,482.81, a P/E ratio of 19.22, a PEG ratio of 1.36 and a beta of 0.83. Wintrust Financial has a 1-year low of $64.14 and a 1-year high of $86.80.

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

In other news, insider Leona A. Gleason sold 8,441 shares of Wintrust Financial stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $80.78, for a total transaction of $681,863.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward J. Wehmer sold 9,000 shares of Wintrust Financial stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $79.91, for a total transaction of $719,190.00. Following the sale, the chief executive officer now owns 121,873 shares of the company’s stock, valued at $9,738,871.43. The disclosure for this sale can be found here. Insiders have sold a total of 44,500 shares of company stock valued at $3,563,512 over the last 90 days. 2.00% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of WTFC. Aperio Group LLC grew its holdings in shares of Wintrust Financial by 11.4% during the second quarter. Aperio Group LLC now owns 8,147 shares of the bank’s stock worth $623,000 after buying an additional 836 shares in the last quarter. Strs Ohio grew its holdings in shares of Wintrust Financial by 24.3% during the second quarter. Strs Ohio now owns 8,700 shares of the bank’s stock worth $665,000 after buying an additional 1,700 shares in the last quarter. Retirement Systems of Alabama grew its holdings in shares of Wintrust Financial by 7.8% during the second quarter. Retirement Systems of Alabama now owns 71,753 shares of the bank’s stock worth $5,485,000 after buying an additional 5,201 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Wintrust Financial by 4.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 290,354 shares of the bank’s stock worth $22,195,000 after buying an additional 12,868 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Wintrust Financial by 17.3% during the second quarter. First Trust Advisors LP now owns 132,985 shares of the bank’s stock worth $10,165,000 after buying an additional 19,614 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.

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About Wintrust Financial

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 (NASDAQ:WTFC)

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