Wintrust Financial Corp (WTFC) Given Average Recommendation of “Buy” by Brokerages

Shares of Wintrust Financial Corp (NASDAQ:WTFC) have been given a consensus rating of “Buy” by the thirteen ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $94.00.

WTFC has been the subject of several recent analyst reports. Zacks Investment Research upgraded Wintrust Financial from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Saturday, December 1st. BidaskClub cut Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Friday, December 7th. ValuEngine cut Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. FIG Partners upgraded Wintrust Financial from a “market perform” rating to an “outperform” rating and set a $99.00 target price for the company in a research note on Tuesday, October 2nd. Finally, Piper Jaffray Companies upgraded Wintrust Financial from a “neutral” rating to an “overweight” rating in a research note on Monday, January 7th.

Shares of WTFC stock opened at $70.66 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.99 and a quick ratio of 0.98. The company has a market capitalization of $3.96 billion, a P/E ratio of 16.06, a P/E/G ratio of 0.79 and a beta of 0.97. Wintrust Financial has a 1 year low of $61.53 and a 1 year high of $99.96.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Wednesday, October 17th. The bank reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.03. The business had revenue of $347.49 million during the quarter, compared to analysts’ expectations of $342.18 million. Wintrust Financial had a return on equity of 11.27% and a net margin of 22.70%. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 earnings per share. As a group, analysts predict that Wintrust Financial will post 6.09 earnings per share for the current year.

Several large investors have recently made changes to their positions in WTFC. BlackRock Inc. increased its holdings in Wintrust Financial by 1.4% in the third quarter. BlackRock Inc. now owns 5,406,698 shares of the bank’s stock valued at $459,245,000 after purchasing an additional 73,645 shares during the period. Vanguard Group Inc. increased its holdings in Wintrust Financial by 2.1% in the third quarter. Vanguard Group Inc. now owns 5,119,942 shares of the bank’s stock valued at $434,889,000 after purchasing an additional 102,924 shares during the period. Vanguard Group Inc increased its holdings in Wintrust Financial by 2.1% in the third quarter. Vanguard Group Inc now owns 5,119,942 shares of the bank’s stock valued at $434,889,000 after purchasing an additional 102,924 shares during the period. Millennium Management LLC increased its holdings in Wintrust Financial by 741.4% in the second quarter. Millennium Management LLC now owns 1,523,131 shares of the bank’s stock valued at $132,589,000 after purchasing an additional 1,342,106 shares during the period. Finally, Citadel Advisors LLC increased its holdings in Wintrust Financial by 280.1% in the third quarter. Citadel Advisors LLC now owns 1,143,203 shares of the bank’s stock valued at $97,104,000 after purchasing an additional 842,454 shares during the period. Institutional investors own 88.02% of the company’s stock.

About Wintrust Financial

Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), Internet banking, and other services.

Recommended Story: The Structure of a Futures Contract

Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

Receive News & Ratings for Wintrust Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply