Wintrust Financial (NASDAQ:WTFC) was downgraded by FIG Partners from an “outperform” rating to a “market perform” rating in a report issued on Monday, The Fly reports.
WTFC has been the topic of several other reports. ValuEngine raised Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. BidaskClub raised Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $86.00 price target on shares of Wintrust Financial in a research report on Tuesday, January 9th. SunTrust Banks reaffirmed a “hold” rating and issued a $94.00 price target on shares of Wintrust Financial in a research report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $90.00 price target on shares of Wintrust Financial in a research report on Thursday, December 14th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $89.78.
Shares of Wintrust Financial (NASDAQ WTFC) opened at $91.41 on Monday. The stock has a market capitalization of $5,139.30, a PE ratio of 20.78, a PEG ratio of 1.23 and a beta of 0.84. Wintrust Financial has a 1 year low of $64.14 and a 1 year high of $91.51. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.01 and a quick ratio of 0.99.
In related news, CFO David L. Stoehr sold 5,268 shares of Wintrust Financial stock in a transaction dated 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 directly owns 11,347 shares of the company’s stock, valued at $993,883.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Edward J. Wehmer sold 14,173 shares of Wintrust Financial stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.66, for a total value of $1,242,405.18. Following the sale, the insider now directly owns 134,864 shares in the company, valued at $11,822,178.24. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 152 shares of company stock worth $10,629 and have sold 30,676 shares worth $2,687,566. 1.97% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Wintrust Financial by 2.2% during the fourth quarter. BlackRock Inc. now owns 6,850,597 shares of the bank’s stock worth $564,282,000 after purchasing an additional 144,371 shares during the period. Vanguard Group Inc. raised its stake in shares of Wintrust Financial by 7.7% in the second quarter. Vanguard Group Inc. now owns 4,586,706 shares of the bank’s stock valued at $350,607,000 after acquiring an additional 327,529 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Wintrust Financial by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,099,063 shares of the bank’s stock valued at $297,469,000 after acquiring an additional 37,872 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of Wintrust Financial by 10.9% in the third quarter. BlackRock Fund Advisors now owns 3,732,178 shares of the bank’s stock valued at $207,397,000 after acquiring an additional 366,549 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Wintrust Financial by 5.9% in the second quarter. State Street Corp now owns 3,031,640 shares of the bank’s stock valued at $231,743,000 after acquiring an additional 168,386 shares during the last quarter. 90.97% of the stock is currently owned by institutional investors and hedge funds.
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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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