Wintrust Financial (NASDAQ:WTFC) had its target price decreased by investment analysts at Wedbush from $80.00 to $75.00 in a research report issued on Wednesday, January 22nd, The Fly reports. The firm presently has an “outperform” rating on the bank’s stock. Wedbush’s price objective would suggest a potential upside of 16.84% from the company’s previous close. Wedbush also issued estimates for Wintrust Financial’s Q1 2020 earnings at $1.36 EPS, Q2 2020 earnings at $1.49 EPS, Q3 2020 earnings at $1.48 EPS, Q4 2020 earnings at $1.47 EPS, FY2020 earnings at $5.80 EPS and FY2021 earnings at $6.20 EPS.
Several other analysts have also issued reports on the stock. SunTrust Banks reduced their price target on shares of Wintrust Financial from $76.00 to $72.00 and set a “hold” rating on the stock in a research report on Monday, December 9th. ValuEngine upgraded shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. UBS Group reduced their price target on shares of Wintrust Financial from $72.00 to $67.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. BidaskClub lowered shares of Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Finally, Piper Sandler restated a “neutral” rating and issued a $72.00 target price on shares of Wintrust Financial in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $74.90.
Wintrust Financial stock opened at $64.19 on Wednesday. The stock has a market cap of $3.69 billion, a P/E ratio of 10.65 and a beta of 1.11. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.50. Wintrust Financial has a twelve month low of $59.34 and a twelve month high of $78.25. The company’s 50-day moving average price is $68.11 and its two-hundred day moving average price is $66.30.
Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Tuesday, January 21st. The bank reported $1.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.58 by ($0.14). Wintrust Financial had a net margin of 19.85% and a return on equity of 10.50%. The company had revenue of $374.10 million during the quarter, compared to the consensus estimate of $375.76 million. During the same period in the prior year, the company earned $1.35 earnings per share. The firm’s revenue was up 13.6% compared to the same quarter last year. Equities analysts anticipate that Wintrust Financial will post 5.91 earnings per share for the current fiscal year.
In other Wintrust Financial news, EVP Thomas P. Zidar sold 2,948 shares of Wintrust Financial stock in a transaction on Friday, January 24th. The shares were sold at an average price of $63.60, for a total value of $187,492.80. Following the completion of the sale, the executive vice president now directly owns 33,141 shares of the company’s stock, valued at $2,107,767.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gary D. Sweeney purchased 470 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was bought at an average cost of $63.23 per share, with a total value of $29,718.10. Following the completion of the purchase, the director now owns 5,648 shares of the company’s stock, valued at approximately $357,123.04. The disclosure for this purchase can be found here. 1.58% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of WTFC. FMR LLC increased its holdings in Wintrust Financial by 9.8% during the 4th quarter. FMR LLC now owns 4,246,801 shares of the bank’s stock worth $301,098,000 after acquiring an additional 379,881 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Wintrust Financial by 447.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 952 shares of the bank’s stock worth $67,000 after buying an additional 778 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Wintrust Financial by 3.9% in the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 32,423 shares of the bank’s stock worth $2,299,000 after buying an additional 1,209 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Wintrust Financial by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 457,487 shares of the bank’s stock worth $32,436,000 after buying an additional 15,287 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Wintrust Financial by 6.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 54,892 shares of the bank’s stock worth $3,892,000 after buying an additional 3,249 shares during the last quarter. 86.94% of the stock is owned by hedge funds and other institutional investors.
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.
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