Somewhat Positive Media Coverage Somewhat Unlikely to Affect Wintrust Financial Corporation (NASDAQ:WTFC) Stock Price
Headlines about Wintrust Financial Corporation (NASDAQ:WTFC) have trended somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Wintrust Financial Corporation earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 46.3001978660997 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have effected Accern’s scoring:
- Zacks: Analysts Anticipate Wintrust Financial Corporation (WTFC) Will Announce Quarterly Sales of $296.27 Million (americanbankingnews.com)
- Why Wintrust Financial (WTFC) Should be Added to Portfolio (finance.yahoo.com)
- Wintrust Financial Corporation (WTFC) Expected to Post Earnings of $1.07 Per Share (americanbankingnews.com)
- Wintrust Financial Corporation (WTFC) Stake Increased by Jennison Associates LLC (highlightpress.com)
- Wintrust Financial Corporation (WTFC) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
A number of equities research analysts have recently weighed in on the stock. Stephens lowered shares of Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 10th. BidaskClub lowered shares of Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Piper Jaffray Companies set a $72.00 target price on shares of Wintrust Financial Corporation and gave the company a “hold” rating in a research note on Tuesday, July 18th. Jefferies Group LLC reaffirmed a “hold” rating and set a $80.00 target price on shares of Wintrust Financial Corporation in a research note on Sunday, June 11th. Finally, Zacks Investment Research lowered shares of Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $78.71.
Shares of Wintrust Financial Corporation (WTFC) opened at 72.19 on Friday. Wintrust Financial Corporation has a 1-year low of $51.66 and a 1-year high of $80.52. The company’s 50-day moving average is $76.00 and its 200 day moving average is $72.77. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 18.21 and a beta of 0.81.
Wintrust Financial Corporation (NASDAQ:WTFC) last announced its quarterly earnings results on Tuesday, July 18th. The bank reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.12. The firm had revenue of $294.38 million for the quarter, compared to analysts’ expectations of $279.69 million. Wintrust Financial Corporation had a net margin of 19.24% and a return on equity of 9.15%. The company’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS. Equities analysts anticipate that Wintrust Financial Corporation will post $4.30 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be given a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.56 dividend on an annualized basis and a yield of 0.78%. Wintrust Financial Corporation’s payout ratio is currently 14.11%.
In other Wintrust Financial Corporation news, insider Edward J. Wehmer sold 29,779 shares of the company’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $76.89, for a total value of $2,289,707.31. Following the transaction, the insider now owns 137,352 shares of the company’s stock, valued at $10,560,995.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gary D. Sweeney bought 485 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was bought at an average cost of $77.12 per share, for a total transaction of $37,403.20. Following the transaction, the director now directly owns 2,186 shares of the company’s stock, valued at $168,584.32. The disclosure for this purchase can be found here. Corporate insiders own 2.00% of the company’s stock.
Wintrust Financial Corporation 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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