Wintrust Financial (WTFC) Lifted to Outperform at FIG Partners

Wintrust Financial (NASDAQ:WTFC) was upgraded by FIG Partners from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday, Marketbeat.com reports. FIG Partners also issued estimates for Wintrust Financial’s Q2 2018 earnings at $1.41 EPS and Q3 2018 earnings at $1.49 EPS.

Several other analysts have also commented on the stock. Zacks Investment Research upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research report on Wednesday, December 27th. Royal Bank of Canada reiterated a “buy” rating and issued a $84.00 price target on shares of Wintrust Financial in a research report on Friday, October 20th. Keefe, Bruyette & Woods restated a “buy” rating and set a $90.00 target price on shares of Wintrust Financial in a research report on Thursday, December 14th. SunTrust Banks restated a “hold” rating and set a $94.00 target price on shares of Wintrust Financial in a research report on Tuesday, January 9th. Finally, BidaskClub upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $88.67.

Wintrust Financial (NASDAQ WTFC) traded up $1.72 during mid-day trading on Friday, hitting $81.83. 375,360 shares of the stock traded hands, compared to its average volume of 334,207. The firm has a market capitalization of $4,483.37, a price-to-earnings ratio of 18.60, a PEG ratio of 1.07 and a beta of 0.85. Wintrust Financial has a twelve month low of $64.14 and a twelve month high of $89.34. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.43.

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

In related news, insider Edward J. Wehmer sold 14,173 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $87.66, for a total transaction of $1,242,405.18. Following the sale, the insider now owns 134,864 shares in the company, valued at $11,822,178.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David L. Stoehr sold 5,268 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $87.59, for a total transaction 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.

Large investors have recently bought and sold shares of the business. Cerebellum GP LLC purchased a new position in Wintrust Financial during the fourth quarter worth approximately $126,000. Bank of New York Mellon Corp raised its stake in Wintrust Financial by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 735,233 shares of the bank’s stock worth $57,576,000 after purchasing an additional 20,848 shares during the period. Wells Fargo & Company MN raised its stake in Wintrust Financial by 3.9% during the third quarter. Wells Fargo & Company MN now owns 298,804 shares of the bank’s stock worth $23,399,000 after purchasing an additional 11,209 shares during the period. Rothschild Asset Management Inc. raised its stake in Wintrust Financial by 1.7% during the third quarter. Rothschild Asset Management Inc. now owns 489,420 shares of the bank’s stock worth $38,326,000 after purchasing an additional 8,002 shares during the period. Finally, Axiom International Investors LLC DE raised its stake in Wintrust Financial by 65.9% during the third quarter. Axiom International Investors LLC DE now owns 54,847 shares of the bank’s stock worth $4,295,000 after purchasing an additional 21,780 shares during the period. 90.79% of the stock is currently owned by institutional investors.

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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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