BidaskClub lowered shares of Wintrust Financial (NASDAQ:WTFC) from a buy rating to a hold rating in a research note issued to investors on Friday.

WTFC has been the topic of several other reports. Zacks Investment Research raised shares of Wintrust Financial from a hold rating to a buy rating and set a $95.00 target price on the stock in a research note on Saturday, March 31st. ValuEngine raised shares of Wintrust Financial from a hold rating to a buy rating in a research note on Wednesday, March 7th. Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $100.00 target price on shares of Wintrust Financial in a research note on Tuesday, February 27th. Hovde Group set a $95.00 target price on shares of Wintrust Financial and gave the stock a hold rating in a research note on Monday, April 23rd. Finally, Piper Jaffray Companies reaffirmed a hold rating and issued a $91.00 target price on shares of Wintrust Financial in a research note on Friday, April 6th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $92.70.

Shares of NASDAQ WTFC opened at $94.09 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. Wintrust Financial has a 52 week low of $67.74 and a 52 week high of $99.96. The firm has a market capitalization of $5.30 billion, a P/E ratio of 21.38, a PEG ratio of 1.19 and a beta of 0.84.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, April 16th. The bank reported $1.40 EPS for the quarter, topping the consensus estimate of $1.28 by $0.12. Wintrust Financial had a net margin of 21.18% and a return on equity of 10.00%. The company had revenue of $310.76 million for the quarter, compared to the consensus estimate of $302.62 million. During the same period in the previous year, the firm earned $1.00 earnings per share. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. analysts anticipate that Wintrust Financial will post 5.87 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, May 24th. Investors of record on Thursday, May 10th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Wednesday, May 9th. Wintrust Financial’s dividend payout ratio (DPR) is currently 17.27%.

In related news, Director Gary D. Sweeney purchased 330 shares of the business’s stock in a transaction that occurred on Thursday, April 19th. The shares were acquired at an average price of $90.59 per share, for a total transaction of $29,894.70. Following the completion of the acquisition, the director now directly owns 3,345 shares in the company, valued at approximately $303,023.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard B. Murphy sold 1,795 shares of Wintrust Financial stock in a transaction on Friday, April 20th. The shares were sold at an average price of $90.99, for a total transaction of $163,327.05. The disclosure for this sale can be found here. Insiders own 1.57% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in WTFC. Cerebellum GP LLC bought a new stake in shares of Wintrust Financial during the 4th quarter valued at $126,000. Gillson Capital LP bought a new stake in shares of Wintrust Financial during the 4th quarter valued at $4,823,000. Chicago Equity Partners LLC boosted its holdings in shares of Wintrust Financial by 2.2% during the 4th quarter. Chicago Equity Partners LLC now owns 192,080 shares of the bank’s stock valued at $15,822,000 after buying an additional 4,120 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Wintrust Financial by 9.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 132,353 shares of the bank’s stock valued at $10,902,000 after buying an additional 11,032 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Wintrust Financial by 107.8% during the 4th quarter. Deutsche Bank AG now owns 323,008 shares of the bank’s stock valued at $26,603,000 after buying an additional 167,598 shares in the last quarter. Institutional investors and hedge funds own 90.04% of the company’s stock.

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.

Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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