Wintrust Financial Corporation (NASDAQ:WTFC)‘s stock had its “market perform” rating reiterated by analysts at Hovde Group in a research report issued on Tuesday, August 8th. They presently have a $80.00 price objective on the bank’s stock, up from their previous price objective of $76.50. Hovde Group’s price target indicates a potential upside of 12.06% from the stock’s previous close.
Several other equities research analysts have also commented on WTFC. Keefe, Bruyette & Woods restated a “buy” rating and issued a $74.00 price objective on shares of Wintrust Financial Corporation in a research report on Thursday, April 20th. Zacks Investment Research upgraded Wintrust Financial Corporation from a “hold” rating to a “strong-buy” rating and set a $83.00 target price on the stock in a research report on Friday, May 5th. ValuEngine upgraded Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Jefferies Group LLC reiterated a “hold” rating and set a $80.00 target price on shares of Wintrust Financial Corporation in a research report on Sunday, June 11th. Finally, Wedbush reiterated an “outperform” rating and set a $89.00 target price on shares of Wintrust Financial Corporation in a research report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Wintrust Financial Corporation has a consensus rating of “Hold” and an average target price of $78.71.
Wintrust Financial Corporation (WTFC) traded up 0.66% during midday trading on Tuesday, hitting $71.39. 261,850 shares of the stock traded hands. The company’s 50 day moving average price is $75.92 and its 200 day moving average price is $72.80. Wintrust Financial Corporation has a 12 month low of $51.65 and a 12 month high of $80.52. The firm has a market cap of $3.98 billion, a PE ratio of 18.01 and a beta of 0.81.
Wintrust Financial Corporation (NASDAQ:WTFC) last released its quarterly earnings data on Tuesday, July 18th. The bank reported $1.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.12. Wintrust Financial Corporation had a return on equity of 9.15% and a net margin of 19.24%. The business had revenue of $294.38 million for the quarter, compared to analyst estimates of $279.69 million. During the same quarter in the prior year, the firm posted $0.90 EPS. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. Equities research analysts predict that Wintrust Financial Corporation will post $4.30 earnings per share for the current fiscal year.
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In related news, insider Edward J. Wehmer sold 29,779 shares of the stock in a transaction on Friday, July 21st. The stock was sold at an average price of $76.89, for a total value of $2,289,707.31. Following the completion of the transaction, the insider now directly owns 137,352 shares of the company’s stock, valued at approximately $10,560,995.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP David A. Dykstra sold 26,861 shares of the stock in a transaction on Friday, July 21st. The shares were sold at an average price of $76.82, for a total value of $2,063,462.02. Following the completion of the transaction, the executive vice president now directly owns 185,651 shares of the company’s stock, valued at $14,261,709.82. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Wintrust Financial Corporation by 6.3% in the second quarter. BlackRock Inc. now owns 6,492,888 shares of the bank’s stock valued at $496,316,000 after buying an additional 382,791 shares in the last quarter. Vanguard Group Inc. increased its position in Wintrust Financial Corporation by 7.7% in the second quarter. Vanguard Group Inc. now owns 4,586,706 shares of the bank’s stock valued at $350,607,000 after buying an additional 327,529 shares in the last quarter. State Street Corp increased its position in Wintrust Financial Corporation by 5.9% in the second quarter. State Street Corp now owns 3,031,640 shares of the bank’s stock valued at $231,743,000 after buying an additional 168,386 shares in the last quarter. JPMorgan Chase & Co. increased its position in Wintrust Financial Corporation by 189.4% in the first quarter. JPMorgan Chase & Co. now owns 1,610,423 shares of the bank’s stock valued at $111,312,000 after buying an additional 1,053,900 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Wintrust Financial Corporation by 33.2% in the second quarter. Northern Trust Corp now owns 1,403,270 shares of the bank’s stock worth $107,265,000 after buying an additional 349,965 shares during the period. 90.66% of the stock is owned by hedge funds and other institutional investors.
Wintrust Financial Corporation 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.
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