Wintrust Financial (WTFC) Rating Reiterated by SunTrust Banks
Wintrust Financial (NASDAQ:WTFC)‘s stock had its “hold” rating restated by investment analysts at SunTrust Banks in a note issued to investors on Wednesday. They presently have a $88.00 target price on the bank’s stock. SunTrust Banks’ price objective would suggest a potential upside of 4.95% from the company’s current price.
WTFC has been the topic of a number of other reports. Zacks Investment Research upgraded Wintrust Financial from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Wednesday, September 27th. ValuEngine raised Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Wintrust Financial in a research note on Tuesday, September 26th. Hovde Group reiterated a “market perform” rating and issued a $80.00 target price (up previously from $76.50) on shares of Wintrust Financial in a research report on Wednesday, August 2nd. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $84.00 price target on shares of Wintrust Financial in a research note on Friday, September 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $82.50.
Shares of Wintrust Financial (WTFC) opened at $83.85 on Wednesday. Wintrust Financial has a 52-week low of $64.14 and a 52-week high of $86.40. 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 stock has a market capitalization of $4,605.84, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 1.39 and a beta of 0.83.
Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.04. Wintrust Financial had a return on equity of 9.32% and a net margin of 19.74%. The firm had revenue of $295.70 million for the quarter, compared to analysts’ expectations of $298.96 million. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. equities research analysts predict that Wintrust Financial will post 4.38 EPS for the current year.
In other news, CEO Edward J. Wehmer sold 9,000 shares of the company’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $79.91, for a total value of $719,190.00. Following the completion of the transaction, the chief executive officer now owns 121,873 shares of the company’s stock, valued at $9,738,871.43. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Leona A. Gleason sold 8,441 shares of the company’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $80.78, for a total value of $681,863.98. The disclosure for this sale can be found here. Insiders have sold 44,500 shares of company stock worth $3,563,512 over the last ninety days. 1.97% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. purchased a new stake in shares of Wintrust Financial in the second quarter worth approximately $121,000. Meeder Asset Management Inc. purchased a new stake in shares of Wintrust Financial in the third quarter worth approximately $183,000. Magnetar Financial LLC purchased a new stake in shares of Wintrust Financial in the third quarter worth approximately $204,000. Csenge Advisory Group bought a new position in Wintrust Financial in the third quarter worth approximately $212,000. Finally, Adviser Investments LLC bought a new position in Wintrust Financial in the third quarter worth approximately $214,000. 91.68% of the stock is owned by institutional investors.
Wintrust Financial Company Profile
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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