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.
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.
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.
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