Wintrust Financial Corp (NASDAQ:WTFC) Receives Average Rating of “Hold” from Brokerages

Wintrust Financial Corp (NASDAQ:WTFC) has been given a consensus rating of “Hold” by the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $93.86.

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group lifted their price target on T. Rowe Price Group from $103.00 to $119.00 and gave the company a “buy” rating in a report on Monday, April 1st. Piper Jaffray Companies set a $92.00 target price on Wintrust Financial and gave the stock a “buy” rating in a report on Monday, July 8th. Zacks Investment Research upgraded SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Friday, July 5th. Wedbush restated a “hold” rating and issued a $9.00 target price on shares of Glu Mobile in a report on Tuesday, May 7th. Finally, BidaskClub lowered Xilinx from a “buy” rating to a “hold” rating in a report on Saturday, June 15th.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in shares of Wintrust Financial by 1.6% during the first quarter. BlackRock Inc. now owns 5,698,685 shares of the bank’s stock worth $383,690,000 after buying an additional 91,339 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of Wintrust Financial by 2.1% during the third quarter. Vanguard Group Inc now owns 5,119,942 shares of the bank’s stock worth $434,889,000 after buying an additional 102,924 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Wintrust Financial by 36.6% during the fourth quarter. Millennium Management LLC now owns 1,923,590 shares of the bank’s stock worth $127,899,000 after buying an additional 515,719 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Wintrust Financial by 5.1% during the first quarter. JPMorgan Chase & Co. now owns 1,820,686 shares of the bank’s stock worth $122,586,000 after buying an additional 87,899 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Wintrust Financial by 49.3% during the first quarter. FMR LLC now owns 988,775 shares of the bank’s stock worth $66,574,000 after buying an additional 326,602 shares during the last quarter. Hedge funds and other institutional investors own 88.91% of the company’s stock.



NASDAQ:WTFC traded up $0.92 on Friday, hitting $72.09. 664,383 shares of the company’s stock traded hands, compared to its average volume of 400,435. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 0.99. Wintrust Financial has a 1 year low of $61.53 and a 1 year high of $92.56. The firm’s 50-day simple moving average is $71.64. The firm has a market capitalization of $4.03 billion, a P/E ratio of 12.30, a PEG ratio of 0.80 and a beta of 1.03.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, April 15th. The bank reported $1.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.01). Wintrust Financial had a net margin of 21.95% and a return on equity of 11.28%. The business had revenue of $343.64 million for the quarter, compared to analysts’ expectations of $345.03 million. During the same period last year, the firm earned $1.40 EPS. The company’s revenue was up 10.6% compared to the same quarter last year. Analysts predict that Wintrust Financial will post 6.56 earnings per share for the current fiscal year.

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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Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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