Wintrust Financial (NASDAQ:WTFC) had its price target lowered by Raymond James from $86.00 to $80.00 in a report published on Wednesday, BenzingaRatingsTable reports. The firm currently has a strong-buy rating on the bank’s stock.

A number of other equities analysts have also issued reports on WTFC. Wedbush restated an outperform rating on shares of First Republic Bank in a research report on Tuesday. ValuEngine lowered shares of Zynerba Pharmaceuticals from a buy rating to a hold rating in a research report on Wednesday. Piper Jaffray Companies set a $92.00 target price on shares of Wintrust Financial and gave the stock a buy rating in a research report on Monday, July 8th. BidaskClub lowered shares of Xilinx from a buy rating to a hold rating in a research report on Saturday, June 15th. Finally, Zacks Investment Research upgraded shares of ZovioInc . from a sell rating to a hold rating in a research report on Sunday, July 14th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $89.13.

Shares of Wintrust Financial stock opened at $66.78 on Wednesday. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 11.40, a P/E/G ratio of 0.76 and a beta of 1.03. Wintrust Financial has a 52 week low of $61.53 and a 52 week high of $92.56. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.00 and a quick ratio of 0.98. The company has a 50 day moving average of $71.32.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results 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). The company had revenue of $364.36 million during the quarter, compared to analysts’ expectations of $365.40 million. Wintrust Financial had a net margin of 20.60% and a return on equity of 10.72%. During the same quarter in the prior year, the company earned $1.53 earnings per share. As a group, sell-side analysts predict that Wintrust Financial will post 6.44 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. LPL Financial LLC increased its stake in Wintrust Financial by 14.4% in the 4th quarter. LPL Financial LLC now owns 3,726 shares of the bank’s stock valued at $248,000 after buying an additional 470 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in Wintrust Financial by 2.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 8,202 shares of the bank’s stock valued at $545,000 after buying an additional 182 shares during the last quarter. Advisor Group Inc. increased its stake in Wintrust Financial by 38.2% in the 4th quarter. Advisor Group Inc. now owns 4,358 shares of the bank’s stock valued at $290,000 after buying an additional 1,205 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Wintrust Financial by 6.8% in the 4th quarter. Great West Life Assurance Co. Can now owns 34,559 shares of the bank’s stock valued at $2,130,000 after buying an additional 2,191 shares during the last quarter. Finally, United Services Automobile Association increased its stake in Wintrust Financial by 6.1% in the 4th quarter. United Services Automobile Association now owns 53,746 shares of the bank’s stock valued at $3,574,000 after buying an additional 3,100 shares during the last quarter. Institutional investors and hedge funds own 89.01% of the company’s stock.

About Wintrust Financial

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.

Further Reading: What is meant by a buy rating?

Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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