Wintrust Financial (NASDAQ:WTFC) Downgraded by Brean Capital to “Neutral”

Wintrust Financial (NASDAQ:WTFC) was downgraded by research analysts at Brean Capital from a “buy” rating to a “neutral” rating in a report released on Tuesday. They currently have a $170.00 price objective on the bank’s stock. Brean Capital’s price target suggests a potential upside of 8.19% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Barclays increased their target price on Wintrust Financial from $190.00 to $192.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Royal Bank Of Canada lifted their target price on Wintrust Financial from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Stephens initiated coverage on Wintrust Financial in a research report on Friday, March 27th. They set an “equal weight” rating and a $160.00 price target for the company. Raymond James Financial initiated coverage on shares of Wintrust Financial in a report on Tuesday, July 7th. They issued an “outperform” rating and a $180.00 price objective on the stock. Finally, Citigroup increased their target price on shares of Wintrust Financial from $178.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Wintrust Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.54.

Wintrust Financial Trading Down 4.0%

Shares of WTFC stock traded down $6.53 during trading hours on Tuesday, reaching $157.13. The company had a trading volume of 807,332 shares, compared to its average volume of 503,513. The company has a 50 day moving average of $155.48 and a 200 day moving average of $149.06. The firm has a market cap of $10.60 billion, a price-to-earnings ratio of 13.18 and a beta of 0.84. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. Wintrust Financial has a 1-year low of $119.61 and a 1-year high of $167.21.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.15. The company had revenue of $738.63 million for the quarter, compared to analysts’ expectations of $735.36 million. Wintrust Financial had a net margin of 20.11% and a return on equity of 13.15%. During the same period last year, the firm posted $2.78 earnings per share. On average, equities research analysts anticipate that Wintrust Financial will post 13.03 EPS for the current year.

Insider Buying and Selling

In other news, Director Suzet M. Mckinney sold 500 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $148.96, for a total value of $74,480.00. Following the sale, the director directly owned 3,303 shares of the company’s stock, valued at approximately $492,014.88. This represents a 13.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO David A. Dykstra sold 9,579 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $148.82, for a total value of $1,425,546.78. Following the completion of the sale, the chief operating officer directly owned 179,810 shares of the company’s stock, valued at approximately $26,759,324.20. The trade was a 5.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 13,099 shares of company stock worth $1,954,386. Insiders own 1.24% of the company’s stock.

Hedge Funds Weigh In On Wintrust Financial

A number of large investors have recently made changes to their positions in WTFC. Elyxium Wealth LLC bought a new position in Wintrust Financial during the 4th quarter worth $31,000. Creative Financial Designs Inc. ADV increased its stake in Wintrust Financial by 231.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock worth $32,000 after acquiring an additional 160 shares during the period. Advisors Asset Management Inc. bought a new position in Wintrust Financial during the 1st quarter worth $27,000. Harbour Investments Inc. lifted its position in shares of Wintrust Financial by 72.7% during the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock valued at $34,000 after acquiring an additional 101 shares during the period. Finally, Measured Wealth Private Client Group LLC acquired a new position in Wintrust Financial in the first quarter valued at about $35,000. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Company Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.