Wintrust Financial (NASDAQ:WTFC) had its price target lifted by Wedbush from $79.00 to $80.00 in a research report released on Tuesday morning, BenzingaRatingsTable reports. Wedbush currently has an outperform rating on the bank’s stock. Wedbush also issued estimates for Wintrust Financial’s Q2 2019 earnings at $1.61 EPS, Q3 2019 earnings at $1.72 EPS, Q4 2019 earnings at $1.70 EPS and FY2020 earnings at $6.95 EPS.
WTFC has been the subject of a number of other research reports. BidaskClub upgraded Wintrust Financial from a sell rating to a hold rating in a research report on Wednesday, April 10th. Zacks Investment Research raised Wintrust Financial from a hold rating to a buy rating and set a $72.00 target price for the company in a report on Tuesday, December 25th. Piper Jaffray Companies raised Wintrust Financial from a neutral rating to an overweight rating in a report on Monday, January 7th. Finally, Jefferies Financial Group raised Wintrust Financial from a hold rating to a buy rating in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Wintrust Financial presently has a consensus rating of Buy and a consensus price target of $90.88.
Shares of WTFC stock opened at $75.19 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.39. Wintrust Financial has a 12 month low of $61.53 and a 12 month high of $99.96. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 0.84 and a beta of 0.93.
Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, April 15th. The bank reported $1.52 EPS for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.01). Wintrust Financial had a return on equity of 11.45% and a net margin of 21.95%. The firm had revenue of $343.64 million during the quarter, compared to the consensus estimate of $345.03 million. During the same quarter in the prior year, the business posted $1.40 EPS. Wintrust Financial’s revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts forecast that Wintrust Financial will post 6.56 EPS for the current year.
In related news, EVP Thomas P. Zidar sold 3,482 shares of the firm’s stock in a transaction on Friday, January 25th. The stock was sold at an average price of $72.62, for a total transaction of $252,862.84. Following the completion of the sale, the executive vice president now directly owns 31,016 shares of the company’s stock, valued at approximately $2,252,381.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timothy Crane sold 2,097 shares of the firm’s stock in a transaction on Friday, January 25th. The shares were sold at an average price of $72.82, for a total value of $152,703.54. Following the sale, the insider now directly owns 18,433 shares of the company’s stock, valued at $1,342,291.06. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its holdings in Wintrust Financial by 4.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 93,482 shares of the bank’s stock valued at $7,941,000 after purchasing an additional 3,916 shares in the last quarter. Bank of Montreal Can increased its holdings in Wintrust Financial by 0.5% during the 4th quarter. Bank of Montreal Can now owns 105,597 shares of the bank’s stock valued at $7,021,000 after purchasing an additional 500 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Wintrust Financial by 8.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 18,771 shares of the bank’s stock valued at $1,594,000 after purchasing an additional 1,431 shares in the last quarter. Citigroup Inc. increased its holdings in Wintrust Financial by 342.2% during the 4th quarter. Citigroup Inc. now owns 726,076 shares of the bank’s stock valued at $48,276,000 after purchasing an additional 561,875 shares in the last quarter. Finally, Sapience Investments LLC increased its holdings in Wintrust Financial by 57.3% during the 4th quarter. Sapience Investments LLC now owns 169,601 shares of the bank’s stock valued at $11,277,000 after purchasing an additional 61,780 shares in the last quarter. 90.18% of the stock is owned by hedge funds and other institutional investors.
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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