Wintrust Financial (NASDAQ:WTFC) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, BidAskClub reports.
Other equities analysts have also issued reports about the stock. ValuEngine raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. DA Davidson reissued a “buy” rating on shares of Wintrust Financial in a report on Monday, November 18th. UBS Group decreased their target price on shares of Wintrust Financial from $72.00 to $67.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. Wedbush reaffirmed an “outperform” rating on shares of Wintrust Financial in a report on Friday, January 3rd. Finally, SunTrust Banks dropped their price target on shares of Wintrust Financial from $76.00 to $72.00 and set a “hold” rating for the company in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $76.00.
Wintrust Financial stock traded up $0.70 during mid-day trading on Tuesday, hitting $68.77. 5,836 shares of the company’s stock traded hands, compared to its average volume of 285,389. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.00 and a quick ratio of 0.99. The firm has a 50 day simple moving average of $69.49 and a two-hundred day simple moving average of $66.94. Wintrust Financial has a fifty-two week low of $59.34 and a fifty-two week high of $78.25. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 11.73 and a beta of 1.11.
Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Wednesday, October 16th. The bank reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.07. The company had revenue of $380.00 million for the quarter, compared to analyst estimates of $374.98 million. Wintrust Financial had a net margin of 20.24% and a return on equity of 10.65%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.57 earnings per share. On average, research analysts anticipate that Wintrust Financial will post 6.16 earnings per share for the current fiscal year.
In other news, Director Gary D. Sweeney acquired 786 shares of Wintrust Financial stock in a transaction on Thursday, October 31st. The shares were purchased at an average cost of $63.60 per share, for a total transaction of $49,989.60. Following the completion of the purchase, the director now directly owns 5,178 shares of the company’s stock, valued at approximately $329,320.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.58% of the company’s stock.
Several large investors have recently modified their holdings of WTFC. Cerebellum GP LLC raised its holdings in Wintrust Financial by 13.7% during the 4th quarter. Cerebellum GP LLC now owns 7,672 shares of the bank’s stock worth $544,000 after purchasing an additional 925 shares during the last quarter. Copper Rock Capital Partners LLC raised its position in shares of Wintrust Financial by 26.1% in the 4th quarter. Copper Rock Capital Partners LLC now owns 273,485 shares of the bank’s stock worth $19,390,000 after acquiring an additional 56,532 shares in the last quarter. Nomura Holdings Inc. raised its position in shares of Wintrust Financial by 100.0% in the 3rd quarter. Nomura Holdings Inc. now owns 25,000 shares of the bank’s stock worth $1,578,000 after acquiring an additional 12,500 shares in the last quarter. Squarepoint Ops LLC lifted its stake in shares of Wintrust Financial by 1.4% in the 3rd quarter. Squarepoint Ops LLC now owns 77,709 shares of the bank’s stock valued at $5,022,000 after purchasing an additional 1,094 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Wintrust Financial by 6.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 44,147 shares of the bank’s stock valued at $2,853,000 after purchasing an additional 2,526 shares during the period. Institutional investors own 86.79% of the company’s stock.
About Wintrust Financial
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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