Wintrust Financial (WTFC) Given “Hold” Rating at Piper Jaffray Companies

Piper Jaffray Companies reiterated their hold rating on shares of Wintrust Financial (NASDAQ:WTFC) in a report released on Tuesday morning. They currently have a $86.00 price objective on the bank’s stock.

WTFC has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Wintrust Financial from a hold rating to a buy rating and set a $81.00 price objective on the stock in a research report on Wednesday, September 20th. BidaskClub raised shares of Wintrust Financial from a hold rating to a buy rating in a research report on Friday, December 22nd. ValuEngine raised shares of Wintrust Financial from a hold rating to a buy rating in a research report on Sunday, December 31st. Keefe, Bruyette & Woods reissued a buy rating and set a $90.00 price target on shares of Wintrust Financial in a research report on Thursday, December 14th. Finally, Royal Bank of Canada reissued a buy rating and set a $84.00 price target on shares of Wintrust Financial in a research report on Friday, October 20th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Wintrust Financial presently has an average rating of Buy and a consensus target price of $86.88.

Wintrust Financial (NASDAQ:WTFC) traded up $0.86 during mid-day trading on Tuesday, reaching $87.46. 328,200 shares of the company’s stock were exchanged, compared to its average volume of 360,275. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 0.99. Wintrust Financial has a fifty-two week low of $64.14 and a fifty-two week high of $87.68. The company has a market capitalization of $4,890.00, a PE ratio of 20.97, a price-to-earnings-growth ratio of 1.23 and a beta of 0.83.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.04. Wintrust Financial had a net margin of 19.74% and a return on equity of 9.32%. The business had revenue of $295.70 million for the quarter, compared to analysts’ expectations of $298.96 million. During the same quarter in the previous year, the business posted $0.92 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. equities research analysts forecast that Wintrust Financial will post 4.38 earnings per share for the current fiscal year.

In related news, Director Gary D. Sweeney acquired 338 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were purchased at an average price of $80.58 per share, for a total transaction of $27,236.04. Following the completion of the acquisition, the director now directly owns 2,973 shares in the company, valued at approximately $239,564.34. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Thomas P. Zidar sold 3,178 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $80.00, for a total transaction of $254,240.00. Following the transaction, the insider now owns 31,239 shares in the company, valued at approximately $2,499,120. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,500 shares of company stock valued at $3,563,512. Insiders own 1.97% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of WTFC. Schwab Charles Investment Management Inc. increased its holdings in shares of Wintrust Financial by 4.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 290,354 shares of the bank’s stock valued at $22,195,000 after acquiring an additional 12,868 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Wintrust Financial by 20.2% during the second quarter. Legal & General Group Plc now owns 59,441 shares of the bank’s stock valued at $4,545,000 after acquiring an additional 9,988 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Wintrust Financial by 12.2% during the second quarter. Principal Financial Group Inc. now owns 238,107 shares of the bank’s stock valued at $18,201,000 after acquiring an additional 25,798 shares in the last quarter. Swiss National Bank increased its holdings in shares of Wintrust Financial by 1.3% during the second quarter. Swiss National Bank now owns 86,467 shares of the bank’s stock valued at $6,610,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Wintrust Financial by 19.2% during the second quarter. Oppenheimer & Co. Inc. now owns 3,523 shares of the bank’s stock valued at $269,000 after acquiring an additional 567 shares in the last quarter. 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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