Wintrust Financial (NASDAQ:WTFC) Stock Rating Reaffirmed by Piper Jaffray Companies

Piper Jaffray Companies restated their hold rating on shares of Wintrust Financial (NASDAQ:WTFC) in a report published on Tuesday, January 9th. Piper Jaffray Companies currently has a $86.00 target price on the bank’s stock.

Other equities research analysts have also issued reports about the company. SunTrust Banks reiterated a hold rating and set a $88.00 price target on shares of Wintrust Financial in a report on Wednesday, November 29th. Zacks Investment Research raised Wintrust Financial from a hold rating to a buy rating and set a $83.00 price objective on the stock in a research note on Wednesday, September 27th. Royal Bank of Canada reaffirmed a buy rating and issued a $84.00 price target on shares of Wintrust Financial in a research report on Friday, October 20th. BidaskClub downgraded Wintrust Financial from a buy rating to a hold rating in a research report on Friday, December 15th. Finally, Keefe, Bruyette & Woods restated a buy rating on shares of Wintrust Financial in a research report on Tuesday, September 26th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $86.88.

Shares of Wintrust Financial (NASDAQ:WTFC) traded up $0.44 during midday trading on Tuesday, reaching $87.71. The company’s stock had a trading volume of 402,831 shares, compared to its average volume of 353,273. Wintrust Financial has a 12-month low of $64.14 and a 12-month high of $88.54. The firm has a market cap of $4,892.73, a price-to-earnings ratio of 21.03, a PEG ratio of 1.19 and a beta of 0.83. 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 (NASDAQ:WTFC) last announced its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.04. The business had revenue of $295.70 million during the quarter, compared to analyst estimates of $298.96 million. Wintrust Financial had a return on equity of 9.32% and a net margin of 19.74%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 EPS. equities research analysts forecast that Wintrust Financial will post 4.37 EPS for the current fiscal year.

In other Wintrust Financial news, CEO Edward J. Wehmer sold 9,000 shares of the stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $79.91, for a total value of $719,190.00. Following the completion of the sale, the chief executive officer now directly owns 121,873 shares in the company, valued at $9,738,871.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David A. Dykstra sold 22,476 shares of the stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $79.86, for a total value of $1,794,933.36. Following the completion of the sale, the executive vice president now owns 188,604 shares of the company’s stock, valued at $15,061,915.44. The disclosure for this sale can be found here. Insiders have sold 44,500 shares of company stock worth $3,563,512 in the last ninety days. 1.97% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of WTFC. Janus Henderson Group PLC acquired a new position in shares of Wintrust Financial during the second quarter worth about $63,086,000. BlackRock Inc. boosted its position in Wintrust Financial by 6.3% during the second quarter. BlackRock Inc. now owns 6,492,888 shares of the bank’s stock valued at $496,316,000 after purchasing an additional 382,791 shares during the last quarter. Northern Trust Corp boosted its position in Wintrust Financial by 33.2% during the second quarter. Northern Trust Corp now owns 1,403,270 shares of the bank’s stock valued at $107,265,000 after purchasing an additional 349,965 shares during the last quarter. Vanguard Group Inc. boosted its position in Wintrust Financial by 7.7% during the second quarter. Vanguard Group Inc. now owns 4,586,706 shares of the bank’s stock valued at $350,607,000 after purchasing an additional 327,529 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Wintrust Financial by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 1,637,332 shares of the bank’s stock valued at $127,646,000 after purchasing an additional 257,613 shares during the last quarter. 91.60% of the stock is owned by institutional investors.

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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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