Wintrust Financial Corporation (WTFC) Earns Hold Rating from Jefferies Group LLC
Wintrust Financial Corporation (NASDAQ:WTFC)‘s stock had its “hold” rating restated by equities researchers at Jefferies Group LLC in a research note issued to investors on Friday. They presently have a $80.00 target price on the bank’s stock. Jefferies Group LLC’s target price would suggest a potential upside of 10.82% from the company’s current price.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research downgraded Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Piper Jaffray Companies set a $72.00 price objective on Wintrust Financial Corporation and gave the stock a “hold” rating in a research note on Tuesday, July 18th. Hovde Group reiterated a “market perform” rating and set a $80.00 price objective (up previously from $76.50) on shares of Wintrust Financial Corporation in a research note on Wednesday, August 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $74.00 price objective on shares of Wintrust Financial Corporation in a research note on Thursday, April 20th. Finally, BidaskClub cut Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $78.71.
Wintrust Financial Corporation (NASDAQ:WTFC) opened at 72.19 on Friday. The stock has a 50 day moving average of $76.00 and a 200-day moving average of $72.77. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 18.21 and a beta of 0.81. Wintrust Financial Corporation has a 52-week low of $51.66 and a 52-week high of $80.52.
Wintrust Financial Corporation (NASDAQ:WTFC) last released its quarterly earnings results on Tuesday, July 18th. The bank reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.12. Wintrust Financial Corporation had a return on equity of 9.15% and a net margin of 19.24%. The firm had revenue of $294.38 million during the quarter, compared to the consensus estimate of $279.69 million. During the same quarter in the prior year, the firm posted $0.90 EPS. The business’s revenue was up 13.2% on a year-over-year basis. On average, analysts forecast that Wintrust Financial Corporation will post $4.30 EPS for the current year.
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In other Wintrust Financial Corporation news, Director Gary D. Sweeney purchased 485 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The shares were acquired at an average price of $77.12 per share, for a total transaction of $37,403.20. Following the purchase, the director now owns 2,186 shares in the company, valued at $168,584.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward J. Wehmer sold 29,779 shares of the stock in a transaction on Friday, July 21st. The shares were sold at an average price of $76.89, for a total value of $2,289,707.31. Following the completion of the sale, the insider now owns 137,352 shares in the company, valued at approximately $10,560,995.28. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.
A number of large investors have recently bought and sold shares of WTFC. BlackRock Inc. boosted its stake in Wintrust Financial Corporation by 6.3% in the second quarter. BlackRock Inc. now owns 6,492,888 shares of the bank’s stock worth $496,316,000 after buying an additional 382,791 shares during the period. Vanguard Group Inc. boosted its stake in Wintrust Financial Corporation by 7.7% in the second quarter. Vanguard Group Inc. now owns 4,586,706 shares of the bank’s stock worth $350,607,000 after buying an additional 327,529 shares during the period. State Street Corp boosted its stake in Wintrust Financial Corporation by 57.1% in the first quarter. State Street Corp now owns 2,863,254 shares of the bank’s stock worth $197,915,000 after buying an additional 1,040,715 shares during the period. JPMorgan Chase & Co. boosted its stake in Wintrust Financial Corporation by 189.4% in the first quarter. JPMorgan Chase & Co. now owns 1,610,423 shares of the bank’s stock worth $111,312,000 after buying an additional 1,053,900 shares during the period. Finally, Northern Trust Corp boosted its stake in Wintrust Financial Corporation by 33.2% in the second quarter. Northern Trust Corp now owns 1,403,270 shares of the bank’s stock worth $107,265,000 after buying an additional 349,965 shares during the period. Institutional investors and hedge funds own 89.70% of the company’s stock.
About Wintrust Financial Corporation
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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