Wintrust Financial (WTFC) Cut to Hold at BidaskClub
BidaskClub downgraded shares of Wintrust Financial (NASDAQ:WTFC) from a buy rating to a hold rating in a research report report published on Friday morning.
A number of other equities analysts have also commented on WTFC. Keefe, Bruyette & Woods reiterated a buy rating and set a $82.00 price target on shares of Wintrust Financial in a report on Tuesday, August 22nd. Zacks Investment Research lowered shares of Wintrust Financial from a buy rating to a hold rating in a report on Friday, September 1st. Piper Jaffray Companies reiterated a hold rating and set a $74.00 price target on shares of Wintrust Financial in a report on Friday, September 1st. Finally, Royal Bank of Canada reiterated a buy rating and set a $84.00 price target on shares of Wintrust Financial in a report on Friday, September 8th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Wintrust Financial currently has an average rating of Hold and an average price target of $83.50.
Shares of Wintrust Financial (NASDAQ:WTFC) opened at $82.99 on Friday. The firm has a market cap of $4,641.05, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 1.40 and a beta of 0.83. Wintrust Financial has a one year low of $64.14 and a one year high of $86.80. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 1.01.
The company also recently announced a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Thursday, November 9th were issued a $0.14 dividend. The ex-dividend date was Wednesday, November 8th. This represents a $0.56 annualized dividend and a yield of 0.67%. Wintrust Financial’s payout ratio is 13.43%.
In related news, insider Leona A. Gleason sold 8,441 shares of the business’s stock in a transaction 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 document filed with the SEC, which is available at this hyperlink. Also, EVP David A. Dykstra sold 22,476 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $79.86, for a total transaction of $1,794,933.36. Following the completion of the transaction, the executive vice president now 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 90 days, insiders sold 44,500 shares of company stock worth $3,563,512. 2.00% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in WTFC. Aperio Group LLC lifted its holdings in Wintrust Financial by 11.4% in the second quarter. Aperio Group LLC now owns 8,147 shares of the bank’s stock valued at $623,000 after buying an additional 836 shares during the period. Strs Ohio raised its holdings in shares of Wintrust Financial by 24.3% during the second quarter. Strs Ohio now owns 8,700 shares of the bank’s stock valued at $665,000 after purchasing an additional 1,700 shares during the period. Retirement Systems of Alabama raised its holdings in shares of Wintrust Financial by 7.8% during the second quarter. Retirement Systems of Alabama now owns 71,753 shares of the bank’s stock valued at $5,485,000 after purchasing an additional 5,201 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Wintrust Financial by 4.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 290,354 shares of the bank’s stock valued at $22,195,000 after purchasing an additional 12,868 shares during the period. Finally, First Trust Advisors LP raised its holdings in shares of Wintrust Financial by 17.3% during the second quarter. First Trust Advisors LP now owns 132,985 shares of the bank’s stock valued at $10,165,000 after purchasing an additional 19,614 shares during the period. Institutional investors and hedge funds own 91.71% of the company’s stock.
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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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