Wintrust Financial (NASDAQ:WTFC)‘s stock had its “buy” rating reiterated by investment analysts at Keefe, Bruyette & Woods in a report issued on Thursday. They presently have a $90.00 price objective on the bank’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 10.81% from the stock’s previous close.

A number of other research firms have also recently commented on WTFC. Zacks Investment Research upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research note on Wednesday, September 27th. SunTrust Banks set a $79.00 target price on shares of Wintrust Financial and gave the stock a “hold” rating in a research note on Thursday, October 19th. Royal Bank of Canada restated a “buy” rating and set a $84.00 target price on shares of Wintrust Financial in a research note on Friday, September 8th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $74.00 target price on shares of Wintrust Financial in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $83.50.

Wintrust Financial (NASDAQ:WTFC) traded down $0.58 during midday trading on Thursday, reaching $81.22. 463,100 shares of the company’s stock were exchanged, compared to its average volume of 398,900. Wintrust Financial has a 12 month low of $64.14 and a 12 month high of $86.80. The company has a market cap of $4,510.00, a PE ratio of 19.62, a price-to-earnings-growth ratio of 1.38 and a beta of 0.83. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.04. Wintrust Financial had a net margin of 19.74% and a return on equity of 9.32%. The company had revenue of $295.70 million for the quarter, compared to analysts’ expectations of $298.96 million. During the same quarter last year, the business earned $0.92 EPS. The firm’s revenue was up 9.0% compared to the same quarter last year. sell-side analysts predict that Wintrust Financial will post 4.38 earnings per share for the current fiscal year.

In related news, Director Ingrid S. Stafford sold 1,405 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $80.63, for a total value of $113,285.15. Following the completion of the transaction, the director now directly owns 20,746 shares of the company’s stock, valued at $1,672,749.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gary D. Sweeney bought 338 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was acquired at an average cost of $80.58 per share, with a total value of $27,236.04. Following the completion of the acquisition, the director now owns 2,973 shares of the company’s stock, valued at approximately $239,564.34. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 44,500 shares of company stock valued at $3,563,512. Insiders own 2.00% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Bellwether Investment Group LLC grew its holdings in shares of Wintrust Financial by 0.4% in the second quarter. Bellwether Investment Group LLC now owns 3,666 shares of the bank’s stock valued at $280,000 after purchasing an additional 14 shares in the last quarter. Suntrust Banks Inc. grew its holdings in shares of Wintrust Financial by 0.7% in the second quarter. Suntrust Banks Inc. now owns 7,307 shares of the bank’s stock valued at $558,000 after purchasing an additional 49 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Wintrust Financial by 1.3% in the second quarter. Teacher Retirement System of Texas now owns 4,157 shares of the bank’s stock valued at $318,000 after purchasing an additional 55 shares in the last quarter. Greenwood Capital Associates LLC grew its holdings in shares of Wintrust Financial by 1.8% in the second quarter. Greenwood Capital Associates LLC now owns 4,399 shares of the bank’s stock valued at $336,000 after purchasing an additional 78 shares in the last quarter. Finally, Alps Advisors Inc. grew its holdings in shares of Wintrust Financial by 1.4% in the second quarter. Alps Advisors Inc. now owns 7,225 shares of the bank’s stock valued at $552,000 after purchasing an additional 102 shares in the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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