Other research analysts have also recently issued reports about the stock. SunTrust Banks reduced their target price on shares of Wintrust Financial from $76.00 to $72.00 and set a hold rating on the stock in a research report on Monday, December 9th. ValuEngine raised shares of Wintrust Financial from a sell rating to a hold rating in a research report on Friday, January 3rd. Zacks Investment Research upgraded Wintrust Financial from a sell rating to a hold rating in a research note on Saturday, October 26th. Wedbush reaffirmed an outperform rating on shares of Wintrust Financial in a research report on Friday, January 3rd. Finally, UBS Group dropped their target price on Wintrust Financial from $72.00 to $67.00 and set a neutral rating on the stock in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. Wintrust Financial presently has a consensus rating of Hold and an average price target of $76.00.
Shares of NASDAQ:WTFC traded down $1.07 during mid-day trading on Tuesday, hitting $68.14. 7,056 shares of the company traded hands, compared to its average volume of 300,413. The firm’s 50 day simple moving average is $69.47 and its 200 day simple moving average is $66.96. The firm has a market cap of $3.95 billion, a P/E ratio of 11.67 and a beta of 1.11. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.99 and a current ratio of 1.00. Wintrust Financial has a 52-week low of $59.34 and a 52-week high of $78.25.
Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $1.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.07. Wintrust Financial had a return on equity of 10.65% and a net margin of 20.24%. The firm had revenue of $380.00 million during the quarter, compared to analysts’ expectations of $374.98 million. During the same quarter in the prior year, the business earned $1.57 EPS. Wintrust Financial’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts expect that Wintrust Financial will post 6.16 EPS for the current fiscal year.
In related news, Director Gary D. Sweeney purchased 786 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were purchased at an average cost of $63.60 per share, with a total value of $49,989.60. Following the completion of the acquisition, the director now directly owns 5,178 shares of the company’s stock, valued at approximately $329,320.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.58% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Smith Asset Management Group LP acquired a new stake in shares of Wintrust Financial in the 2nd quarter valued at about $29,000. AdvisorNet Financial Inc bought a new stake in Wintrust Financial in the third quarter valued at about $71,000. Stonebridge Capital Advisors LLC bought a new stake in Wintrust Financial in the second quarter valued at about $110,000. River & Mercantile Asset Management LLP acquired a new stake in Wintrust Financial during the second quarter valued at approximately $135,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Wintrust Financial by 31.9% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,237 shares of the bank’s stock valued at $164,000 after acquiring an additional 541 shares during the last quarter. 86.79% of the stock is owned by institutional investors.
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.
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