BidaskClub lowered shares of Wintrust Financial (NASDAQ:WTFC) from a hold rating to a sell rating in a report published on Friday, BidAskClub reports.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Wintrust Financial from a hold rating to a strong sell rating in a research note on Saturday, July 20th. Wedbush dropped their price target on shares of Wintrust Financial from $84.00 to $78.00 and set an outperform rating for the company in a research note on Tuesday, July 16th. Raymond James dropped their price target on shares of Wintrust Financial from $86.00 to $80.00 and set a strong-buy rating for the company in a research note on Wednesday, July 17th. ValuEngine raised shares of Wintrust Financial from a strong sell rating to a sell rating in a research note on Tuesday, July 23rd. Finally, Piper Jaffray Companies set a $92.00 price target on shares of Wintrust Financial and gave the company a buy rating in a research note on Monday, July 8th. Three investment analysts have rated the stock with a sell rating, six have given a buy rating and one has issued a strong buy rating to the company. Wintrust Financial currently has a consensus rating of Buy and an average target price of $87.86.

NASDAQ:WTFC opened at $64.12 on Friday. Wintrust Financial has a 12 month low of $61.53 and a 12 month high of $92.56. The business’s fifty day moving average is $69.83. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $3.77 billion, a P/E ratio of 10.94, a P/E/G ratio of 0.79 and a beta of 1.04.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, July 15th. The bank reported $1.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.27). Wintrust Financial had a return on equity of 10.72% and a net margin of 20.60%. The company had revenue of $364.36 million for the quarter, compared to analyst estimates of $365.40 million. During the same quarter in the previous year, the firm posted $1.53 earnings per share. As a group, research analysts forecast that Wintrust Financial will post 6.21 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.56%. The ex-dividend date is Wednesday, August 7th. Wintrust Financial’s payout ratio is currently 17.06%.

In other Wintrust Financial news, Director Gary D. Sweeney acquired 747 shares of the stock in a transaction on Friday, July 19th. The shares were bought at an average cost of $66.92 per share, with a total value of $49,989.24. Following the transaction, the director now owns 4,392 shares of the company’s stock, valued at approximately $293,912.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.58% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. State Board of Administration of Florida Retirement System increased its holdings in Wintrust Financial by 0.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 49,502 shares of the bank’s stock worth $3,333,000 after buying an additional 130 shares during the last quarter. Creative Planning grew its stake in Wintrust Financial by 0.7% during the second quarter. Creative Planning now owns 21,139 shares of the bank’s stock worth $1,547,000 after purchasing an additional 150 shares during the period. Commonwealth Equity Services LLC grew its stake in Wintrust Financial by 1.7% during the second quarter. Commonwealth Equity Services LLC now owns 10,003 shares of the bank’s stock worth $731,000 after purchasing an additional 166 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in Wintrust Financial by 1.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 10,450 shares of the bank’s stock worth $765,000 after acquiring an additional 170 shares in the last quarter. Finally, Cetera Advisor Networks LLC boosted its holdings in Wintrust Financial by 4.5% in the second quarter. Cetera Advisor Networks LLC now owns 4,614 shares of the bank’s stock worth $337,000 after acquiring an additional 200 shares in the last quarter. 88.99% of the stock is currently owned by 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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