Hovde Group Reaffirms “Market Perform” Rating for Wintrust Financial (WTFC)

Wintrust Financial (NASDAQ:WTFC)‘s stock had its “market perform” rating restated by equities researchers at Hovde Group in a note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a $90.00 price target on the bank’s stock, up from their prior price target of $85.00. Hovde Group’s price target would suggest a potential upside of 10.36% from the company’s current price.

Other equities analysts have also issued research reports about the company. BidaskClub raised Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. SunTrust Banks restated a “hold” rating and set a $88.00 price target on shares of Wintrust Financial in a report on Wednesday, November 29th. Zacks Investment Research upgraded Wintrust Financial from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Saturday, January 6th. DA Davidson upped their price target on Wintrust Financial to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Finally, Royal Bank of Canada restated a “buy” rating and set a $84.00 price target on shares of Wintrust Financial in a report on Friday, October 20th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Wintrust Financial has a consensus rating of “Hold” and an average target price of $88.67.

Wintrust Financial (WTFC) traded down $1.17 on Thursday, reaching $81.55. The company had a trading volume of 111,201 shares, compared to its average volume of 344,269. Wintrust Financial has a 1 year low of $64.14 and a 1 year high of $89.34. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The firm has a market cap of $4,627.20, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 1.10 and a beta of 0.85.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Monday, January 22nd. The bank reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.04. Wintrust Financial had a return on equity of 9.49% and a net margin of 20.35%. The firm had revenue of $300.14 million for the quarter, compared to analyst estimates of $299.47 million. During the same quarter in the prior year, the company earned $0.94 EPS. Wintrust Financial’s revenue was up 8.7% on a year-over-year basis. research analysts anticipate that Wintrust Financial will post 5.56 earnings per share for the current year.

In other Wintrust Financial news, EVP David A. Dykstra sold 11,235 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.56, for a total transaction of $983,736.60. Following the sale, the executive vice president now owns 39,365 shares in the company, valued at approximately $3,446,799.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO David L. Stoehr sold 5,268 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.59, for a total value of $461,424.12. Following the sale, the chief financial officer now owns 11,347 shares in the company, valued at approximately $993,883.73. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,676 shares of company stock worth $2,687,566. 2.00% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. increased its holdings in shares of Wintrust Financial by 1.2% in the 4th quarter. Sei Investments Co. now owns 94,999 shares of the bank’s stock valued at $7,825,000 after acquiring an additional 1,172 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of Wintrust Financial in the 4th quarter valued at about $200,000. New Mexico Educational Retirement Board purchased a new position in shares of Wintrust Financial in the 4th quarter valued at about $1,137,000. Capital One National Association increased its holdings in shares of Wintrust Financial by 37.1% in the 4th quarter. Capital One National Association now owns 21,348 shares of the bank’s stock valued at $1,758,000 after acquiring an additional 5,777 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Wintrust Financial by 18.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 4,377 shares of the bank’s stock valued at $361,000 after acquiring an additional 669 shares during the last quarter. Institutional investors and hedge funds own 90.79% 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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