Wintrust Financial (NASDAQ:WTFC) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Thursday.

WTFC has been the topic of a number of other reports. Zacks Investment Research downgraded Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Saturday, July 7th. ValuEngine downgraded Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Monday, June 11th. Hovde Group set a $98.00 price target on Wintrust Financial and gave the stock a “hold” rating in a research report on Monday, July 23rd. Finally, Wedbush upped their price target on Wintrust Financial from $100.00 to $101.00 and gave the stock a “$90.84” rating in a research report on Wednesday, July 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $94.56.

Shares of NASDAQ:WTFC opened at $87.11 on Thursday. The company has a market capitalization of $5.00 billion, a P/E ratio of 16.99, a price-to-earnings-growth ratio of 1.09 and a beta of 0.79. Wintrust Financial has a 52 week low of $75.53 and a 52 week high of $99.96. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.44.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Tuesday, July 17th. The bank reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.09. The company had revenue of $333.40 million during the quarter, compared to the consensus estimate of $327.03 million. Wintrust Financial had a net margin of 22.07% and a return on equity of 10.62%. During the same quarter in the previous year, the firm posted $1.11 earnings per share. sell-side analysts predict that Wintrust Financial will post 6.02 EPS for the current fiscal year.

In other news, insider Timothy Crane sold 954 shares of the company’s stock in a transaction on Friday, July 20th. The stock was sold at an average price of $90.96, for a total transaction of $86,775.84. Following the transaction, the insider now directly owns 17,272 shares of the company’s stock, valued at $1,571,061.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Edward J. Wehmer sold 12,301 shares of the company’s stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $91.12, for a total value of $1,120,867.12. Following the transaction, the insider now directly owns 133,308 shares in the company, valued at $12,147,024.96. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Moneta Group Investment Advisors LLC grew its holdings in shares of Wintrust Financial by 99.4% during the second quarter. Moneta Group Investment Advisors LLC now owns 1,705 shares of the bank’s stock valued at $148,000 after buying an additional 850 shares during the last quarter. Atria Investments LLC purchased a new stake in shares of Wintrust Financial during the second quarter valued at $204,000. WINTON GROUP Ltd purchased a new stake in shares of Wintrust Financial during the second quarter valued at $288,000. CIBC World Markets Inc. purchased a new stake in shares of Wintrust Financial during the first quarter valued at $296,000. Finally, Castleark Management LLC grew its holdings in shares of Wintrust Financial by 43.9% during the second quarter. Castleark Management LLC now owns 4,030 shares of the bank’s stock valued at $351,000 after buying an additional 1,230 shares during the last quarter. 88.34% of the stock is currently owned by hedge funds and other institutional investors.

Wintrust Financial Company Profile

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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Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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