Wintrust Financial (NASDAQ:WTFC) Cut to “Strong Sell” at BidaskClub

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Wintrust Financial (NASDAQ:WTFC) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Saturday, BidAskClub reports.

Other research analysts also recently issued research reports about the company. Zacks Investment Research raised Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Saturday, October 26th. DA Davidson reissued a “buy” rating on shares of Wintrust Financial in a research note on Monday, November 18th. Wedbush lowered their target price on Wintrust Financial from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Wednesday. UBS Group lowered their target price on Wintrust Financial from $72.00 to $67.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. Finally, Piper Sandler reissued a “neutral” rating and set a $72.00 target price on shares of Wintrust Financial in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Wintrust Financial has an average rating of “Hold” and a consensus target price of $74.90.

WTFC stock opened at $64.09 on Friday. The company has a market cap of $3.72 billion, a PE ratio of 10.63 and a beta of 1.11. The business has a 50-day simple moving average of $69.43 and a 200 day simple moving average of $66.68. Wintrust Financial has a 52 week low of $59.34 and a 52 week high of $78.25. The company has a quick ratio of 0.99, a current ratio of 0.98 and a debt-to-equity ratio of 0.50.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $1.44 EPS for the quarter, missing the Zacks’ consensus estimate of $1.58 by ($0.14). The company had revenue of $374.10 million during the quarter, compared to analyst estimates of $375.76 million. Wintrust Financial had a net margin of 19.85% and a return on equity of 10.50%. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period last year, the firm earned $1.35 EPS. On average, analysts anticipate that Wintrust Financial will post 6.17 EPS for the current fiscal year.

In other Wintrust Financial news, Director Gary D. Sweeney bought 786 shares of the stock in a transaction on Thursday, October 31st. The stock was purchased at an average price of $63.60 per share, with a total value of $49,989.60. Following the completion of the purchase, the director now owns 5,178 shares in the company, valued at $329,320.80. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.58% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State of Michigan Retirement System raised its stake in Wintrust Financial by 2.4% during the fourth quarter. State of Michigan Retirement System now owns 16,800 shares of the bank’s stock worth $1,191,000 after acquiring an additional 400 shares in the last quarter. Premier Asset Management LLC bought a new stake in shares of Wintrust Financial during the fourth quarter worth about $357,000. Rothschild Investment Corp IL bought a new stake in shares of Wintrust Financial during the fourth quarter worth about $3,214,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Wintrust Financial by 9.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,783 shares of the bank’s stock worth $268,000 after purchasing an additional 317 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in shares of Wintrust Financial by 1.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the bank’s stock worth $978,000 after purchasing an additional 200 shares during the last quarter. 86.88% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Company Profile

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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Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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