Zacks Investment Research upgraded shares of Wintrust Financial Corporation (NASDAQ:WTFC) from a hold rating to a buy rating in a report issued on Wednesday morning. They currently have $79.00 price objective on the bank’s stock.

According to Zacks, “Wintrust Financial Corporation is a bank holding company which provides banking services, trust and investment services, commercial insurance premium financing, short-term accounts receivable financing, and certain administrative services. They provide community-oriented, personal and commercial banking services through their subsidiaries, Lake Forest Bank & Trust Company, Hinsdale Bank & Trust Company, North Shore Community Bank & Trust Company, Libertyville Bank & Trust Company, Barrington Bank & Trust Company, Crystal Lake Bank & Trust Company, and Northbrook Bank & Trust Company. “

A number of other equities research analysts have also weighed in on WTFC. ValuEngine raised shares of Wintrust Financial Corporation from a hold rating to a buy rating in a report on Friday, June 2nd. Jefferies Group LLC reaffirmed a hold rating and set a $80.00 price target on shares of Wintrust Financial Corporation in a report on Sunday, June 11th. Wedbush reaffirmed an outperform rating and set a $89.00 price target on shares of Wintrust Financial Corporation in a report on Tuesday, June 27th. Stephens lowered shares of Wintrust Financial Corporation from an overweight rating to an equal weight rating in a report on Monday, July 10th. Finally, BidaskClub lowered shares of Wintrust Financial Corporation from a hold rating to a sell rating in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $80.63.

Wintrust Financial Corporation (NASDAQ:WTFC) traded down 1.88% during trading on Wednesday, hitting $70.64. 121,565 shares of the company’s stock traded hands. The stock has a market cap of $3.94 billion, a P/E ratio of 17.82 and a beta of 0.81. Wintrust Financial Corporation has a 12-month low of $51.66 and a 12-month high of $80.52. The firm’s 50-day moving average price is $73.11 and its 200 day moving average price is $72.56.

Wintrust Financial Corporation (NASDAQ:WTFC) last released its quarterly earnings results on Tuesday, July 18th. The bank reported $1.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.12. The business had revenue of $294.38 million during the quarter, compared to analyst estimates of $279.69 million. Wintrust Financial Corporation had a net margin of 19.24% and a return on equity of 9.15%. The business’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the business earned $0.90 EPS. Analysts anticipate that Wintrust Financial Corporation will post $4.30 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.78%. The ex-dividend date was Tuesday, August 8th. Wintrust Financial Corporation’s dividend payout ratio is currently 14.11%.

In related news, Director Gary D. Sweeney acquired 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, with a total value of $37,403.20. Following the acquisition, the director now directly owns 2,186 shares in the company, valued at $168,584.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP David A. Dykstra sold 26,861 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $76.82, for a total transaction of $2,063,462.02. Following the transaction, the executive vice president now directly owns 185,651 shares of the company’s stock, valued at $14,261,709.82. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. Miles Capital Inc. grew its holdings in Wintrust Financial Corporation by 0.3% during the 1st quarter. Miles Capital Inc. now owns 3,595 shares of the bank’s stock worth $248,000 after acquiring an additional 10 shares in the last quarter. United Capital Financial Advisers LLC boosted its holdings in shares of Wintrust Financial Corporation by 0.3% in the 1st quarter. United Capital Financial Advisers LLC now owns 4,193 shares of the bank’s stock valued at $290,000 after buying an additional 14 shares during the period. Bellwether Investment Group LLC boosted its holdings in shares of Wintrust Financial Corporation by 0.4% in the 2nd quarter. Bellwether Investment Group LLC now owns 3,666 shares of the bank’s stock valued at $280,000 after buying an additional 14 shares during the period. Suntrust Banks Inc. boosted its holdings in shares of Wintrust Financial Corporation by 0.7% in the 2nd quarter. Suntrust Banks Inc. now owns 7,307 shares of the bank’s stock valued at $558,000 after buying an additional 49 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Wintrust Financial Corporation by 1.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 4,157 shares of the bank’s stock valued at $318,000 after buying an additional 55 shares during the period. 90.64% of the stock is owned by institutional investors.

About Wintrust Financial Corporation

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 Corporation (NASDAQ:WTFC)

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