Piper Jaffray Companies Reiterates “Hold” Rating for Wintrust Financial (WTFC)
Piper Jaffray Companies restated their hold rating on shares of Wintrust Financial (NASDAQ:WTFC) in a research report report published on Tuesday. Piper Jaffray Companies currently has a $86.00 price target on the bank’s stock.
A number of other brokerages also recently issued reports on WTFC. BidaskClub raised Wintrust Financial from a hold rating to a buy rating in a research report on Friday, December 22nd. Zacks Investment Research raised Wintrust Financial from a hold rating to a buy rating and set a $92.00 price target on the stock in a research report on Saturday, January 6th. ValuEngine raised Wintrust Financial from a hold rating to a buy rating in a research report on Sunday, December 31st. SunTrust Banks reissued a hold rating and set a $88.00 price target on shares of Wintrust Financial in a research report on Wednesday, November 29th. Finally, Royal Bank of Canada reissued a buy rating and set a $84.00 price target on shares of Wintrust Financial in a research report on Friday, October 20th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Wintrust Financial presently has an average rating of Buy and a consensus price target of $86.88.
Wintrust Financial (WTFC) opened at $87.49 on Tuesday. The firm has a market capitalization of $4,890.00, a P/E ratio of 20.98, a PEG ratio of 1.23 and a beta of 0.83. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 1.01. Wintrust Financial has a 52 week low of $64.14 and a 52 week high of $88.54.
Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.04. The company had revenue of $295.70 million for the quarter, compared to analyst estimates of $298.96 million. Wintrust Financial had a return on equity of 9.32% and a net margin of 19.74%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 earnings per share. research analysts expect that Wintrust Financial will post 4.38 EPS for the current year.
In other Wintrust Financial news, Director Gary D. Sweeney bought 338 shares of Wintrust Financial stock in a transaction on Tuesday, October 24th. The shares were purchased at an average price of $80.58 per share, with a total value of $27,236.04. Following the acquisition, the director now owns 2,973 shares in the company, valued at approximately $239,564.34. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP David A. Dykstra sold 22,476 shares of the firm’s stock in a transaction on Monday, October 23rd. The shares were 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 directly owns 188,604 shares in the company, valued at approximately $15,061,915.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,500 shares of company stock worth $3,563,512. Company insiders own 1.97% of the company’s stock.
Several hedge funds have recently modified their holdings of WTFC. Janus Henderson Group PLC acquired a new stake in shares of Wintrust Financial in the 2nd quarter valued at $63,086,000. BlackRock Inc. boosted its holdings in shares of Wintrust Financial by 6.3% in the 2nd 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 in the last quarter. Northern Trust Corp boosted its holdings in shares of Wintrust Financial by 33.2% in the 2nd 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 in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Wintrust Financial by 7.7% in the 2nd 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 in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Wintrust Financial by 18.7% in the 3rd 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 in the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.
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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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