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.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.04. The firm had revenue of $295.70 million for the quarter, compared to analysts’ expectations of $298.96 million. Wintrust Financial had a net margin of 19.74% and a return on equity of 9.32%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 earnings per share. sell-side analysts expect that Wintrust Financial will post 4.38 EPS for the current year.

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.

COPYRIGHT VIOLATION WARNING: This report was originally published by Watch List News and is the property of of Watch List News. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.watchlistnews.com/wintrust-financial-wtfc-cut-to-hold-at-bidaskclub/1771323.html.

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.

Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

Receive News & Ratings for Wintrust Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial and related companies with MarketBeat.com's FREE daily email newsletter.