Wintrust Financial (WTFC) Raised to “Buy” at BidaskClub

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

Several other brokerages also recently weighed in on WTFC. SunTrust Banks restated a “hold” rating and set a $88.00 price objective on shares of Wintrust Financial in a research report on Wednesday, November 29th. Royal Bank of Canada restated a “buy” rating and set a $84.00 price objective 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 price objective on shares of Wintrust Financial in a research report on Thursday, December 14th. Zacks Investment Research downgraded Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Saturday, November 18th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $74.00 price objective on shares of Wintrust Financial in a research report on Friday, September 1st. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $83.50.

Shares of Wintrust Financial (WTFC) traded down $0.27 during mid-day trading on Friday, hitting $83.84. The company had a trading volume of 208,400 shares, compared to its average volume of 403,978. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.40. Wintrust Financial has a twelve month low of $64.14 and a twelve month high of $86.80. The company has a market cap of $4,648.34, a P/E ratio of 20.11, a P/E/G ratio of 1.41 and a beta of 0.83.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.04. Wintrust Financial had a return on equity of 9.32% and a net margin of 19.74%. The business had revenue of $295.70 million during the quarter, compared to the consensus estimate of $298.96 million. During the same period in the prior year, the company earned $0.92 EPS. Wintrust Financial’s revenue for the quarter was up 9.0% on a year-over-year basis. analysts anticipate that Wintrust Financial will post 4.38 EPS for the current year.

In other Wintrust Financial news, EVP David A. Dykstra sold 22,476 shares of the stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $79.86, for a total value of $1,794,933.36. Following the completion of the transaction, the executive vice president now directly owns 188,604 shares in the company, valued at $15,061,915.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Leona A. Gleason sold 8,441 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $80.78, for a total value of $681,863.98. The disclosure for this sale can be found here. Insiders sold 44,500 shares of company stock valued at $3,563,512 over the last quarter. Corporate insiders own 2.00% of the company’s stock.

A number of institutional investors have recently bought and sold shares of WTFC. Atlantic Trust Group LLC acquired a new stake in shares of Wintrust Financial in the third quarter valued at about $1,263,000. Public Employees Retirement System of Ohio increased its stake in shares of Wintrust Financial by 192.9% in the third quarter. Public Employees Retirement System of Ohio now owns 27,341 shares of the bank’s stock valued at $2,141,000 after buying an additional 18,007 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Wintrust Financial in the third quarter valued at about $558,000. Sterling Capital Management LLC increased its stake in shares of Wintrust Financial by 6.3% in the third quarter. Sterling Capital Management LLC now owns 379,331 shares of the bank’s stock valued at $29,705,000 after buying an additional 22,331 shares during the period. Finally, California Public Employees Retirement System increased its stake in shares of Wintrust Financial by 2.3% in the third quarter. California Public Employees Retirement System now owns 119,823 shares of the bank’s stock valued at $9,383,000 after buying an additional 2,723 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.

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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.

Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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