Wintrust Financial Corporation (NASDAQ:WTFC) Given a $79.00 Price Target by SunTrust Banks, Inc. Analysts

Wintrust Financial Corporation (NASDAQ:WTFC) received a $79.00 target price from investment analysts at SunTrust Banks, Inc. in a report released on Thursday, October 19th. The firm presently has a “hold” rating on the bank’s stock. SunTrust Banks, Inc.’s price objective indicates a potential upside of 0.92% from the stock’s previous close.

Other analysts also recently issued reports about the company. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $82.00 price objective on shares of Wintrust Financial Corporation in a research note on Tuesday, August 22nd. ValuEngine raised Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Zacks Investment Research raised Wintrust Financial Corporation from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Saturday, September 2nd. Royal Bank Of Canada reissued a “buy” rating and issued a $84.00 price objective on shares of Wintrust Financial Corporation in a research note on Friday, September 8th. Finally, Stephens downgraded Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. Wintrust Financial Corporation presently has a consensus rating of “Hold” and an average price target of $81.38.

Shares of Wintrust Financial Corporation (NASDAQ WTFC) traded down $2.22 during trading hours on Thursday, reaching $78.28. The company’s stock had a trading volume of 186,394 shares, compared to its average volume of 307,943. The company has a market capitalization of $4,360.00, a price-to-earnings ratio of 19.36, a P/E/G ratio of 1.37 and a beta of 0.83. 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 Corporation has a 1-year low of $52.50 and a 1-year high of $82.16.

Wintrust Financial Corporation (NASDAQ:WTFC) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, topping the consensus estimate of $1.08 by $0.04. The firm had revenue of $295.70 million during the quarter, compared to the consensus estimate of $298.96 million. Wintrust Financial Corporation had a return on equity of 9.32% and a net margin of 19.74%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 earnings per share. equities research analysts expect that Wintrust Financial Corporation will post 4.36 earnings per share for the current year.

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In related news, EVP David A. Dykstra sold 22,476 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $79.86, for a total transaction of $1,794,933.36. Following the completion of the sale, the executive vice president now directly owns 188,604 shares of the company’s stock, valued at $15,061,915.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ingrid S. Stafford sold 1,405 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $80.63, for a total value of $113,285.15. Following the sale, the director now directly owns 20,746 shares of the company’s stock, valued at $1,672,749.98. The disclosure for this sale can be found here. Insiders have sold 44,500 shares of company stock valued at $3,563,512 over the last ninety days. 1.97% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. United Capital Financial Advisers LLC grew its holdings in Wintrust Financial Corporation by 0.3% during the first quarter. United Capital Financial Advisers LLC now owns 4,193 shares of the bank’s stock valued at $290,000 after purchasing an additional 14 shares during the period. Bellwether Investment Group LLC grew its holdings in Wintrust Financial Corporation by 0.4% during the second quarter. Bellwether Investment Group LLC now owns 3,666 shares of the bank’s stock valued at $280,000 after purchasing an additional 14 shares during the period. Suntrust Banks Inc. grew its holdings in Wintrust Financial Corporation by 0.7% during the second quarter. Suntrust Banks Inc. now owns 7,307 shares of the bank’s stock valued at $558,000 after purchasing an additional 49 shares during the period. Teacher Retirement System of Texas grew its holdings in Wintrust Financial Corporation by 1.3% during the second quarter. Teacher Retirement System of Texas now owns 4,157 shares of the bank’s stock valued at $318,000 after purchasing an additional 55 shares during the period. Finally, Greenwood Capital Associates LLC grew its holdings in Wintrust Financial Corporation by 1.8% during the second quarter. Greenwood Capital Associates LLC now owns 4,399 shares of the bank’s stock valued at $336,000 after purchasing an additional 78 shares during the period. 90.37% of the stock is owned by institutional investors and hedge funds.

About Wintrust Financial Corporation

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 Corporation (NASDAQ:WTFC)

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