Favorable News Coverage Somewhat Unlikely to Impact Wintrust Financial (WTFC) Share Price
News headlines about Wintrust Financial (NASDAQ:WTFC) have trended positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wintrust Financial earned a news sentiment score of 0.33 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 45.1981907127422 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern’s scoring:
- FY2018 EPS Estimates for Wintrust Financial Corp (WTFC) Lifted by Analyst (americanbankingnews.com)
- Wintrust Financial (WTFC) Raised to Buy at Zacks Investment Research (americanbankingnews.com)
- Wintrust Financial Corp (WTFC) Expected to Post FY2019 Earnings of $6.30 Per Share (americanbankingnews.com)
- Analysts Expect Wintrust Financial Corp (WTFC) to Post $1.13 Earnings Per Share (americanbankingnews.com)
- Wintrust Financial Corp (WTFC) Receives Consensus Recommendation of “Buy” from Brokerages (americanbankingnews.com)
A number of research analysts have recently issued reports on the stock. SunTrust Banks reiterated a “hold” rating and issued a $88.00 target price on shares of Wintrust Financial in a research note on Wednesday, November 29th. Zacks Investment Research upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research note on Saturday. BidaskClub cut shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $90.00 target price on shares of Wintrust Financial in a research note on Thursday, December 14th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $84.00 target price on shares of Wintrust Financial in a research note on Friday, October 20th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $84.63.
Wintrust Financial (NASDAQ:WTFC) traded up $0.53 during trading hours on Monday, hitting $83.82. 317,300 shares of the stock were exchanged, compared to its average volume of 325,180. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.40. Wintrust Financial has a 52 week low of $64.14 and a 52 week high of $86.80. The company has a market capitalization of $4,657.85, a PE ratio of 20.10, a P/E/G ratio of 1.23 and a beta of 0.83.
Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.04. Wintrust Financial had a net margin of 19.74% and a return on equity of 9.32%. The firm had revenue of $295.70 million during the quarter, compared to analysts’ expectations of $298.96 million. During the same quarter in the previous year, the company posted $0.92 EPS. Wintrust Financial’s revenue was up 9.0% on a year-over-year basis. analysts anticipate that Wintrust Financial will post 4.38 earnings per share for the current fiscal year.
In related news, insider Leona A. Gleason sold 8,441 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $80.78, for a total value of $681,863.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward J. Wehmer sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $79.91, for a total transaction of $719,190.00. Following the completion of the transaction, the chief executive officer now owns 121,873 shares of the company’s stock, valued at approximately $9,738,871.43. The disclosure for this sale can be found here. Insiders sold a total of 44,500 shares of company stock valued at $3,563,512 in the last 90 days. 1.97% of the stock is currently owned by corporate insiders.
About Wintrust Financial
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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