Wintrust Financial (NASDAQ:WTFC) Downgraded to “Strong Sell” at ValuEngine

ValuEngine downgraded shares of Wintrust Financial (NASDAQ:WTFC) from a sell rating to a strong sell rating in a research note published on Wednesday, ValuEngine reports.

Several other equities research analysts have also recently commented on the stock. Jefferies Financial Group boosted their price objective on shares of T. Rowe Price Group from $103.00 to $119.00 and gave the company a buy rating in a research report on Monday, April 1st. Zacks Investment Research raised shares of ZovioInc . from a sell rating to a hold rating in a research report on Sunday, July 14th. Piper Jaffray Companies set a $92.00 price objective on shares of Wintrust Financial and gave the company a buy rating in a research report on Monday, July 8th. Wedbush reaffirmed an outperform rating on shares of WNS in a research report on Tuesday, July 16th. Finally, BidaskClub cut shares of Xilinx from a buy rating to a hold rating in a research report on Saturday, June 15th. Three research analysts have rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $89.13.

WTFC opened at $66.78 on Wednesday. The company has a market cap of $3.74 billion, a PE ratio of 11.40, a P/E/G ratio of 0.78 and a beta of 1.03. Wintrust Financial has a 12 month low of $61.53 and a 12 month high of $92.56. The company has a fifty day moving average of $71.32. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 0.51.



Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, July 15th. The bank reported $1.38 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.27). The company had revenue of $364.36 million during the quarter, compared to the consensus estimate of $365.40 million. Wintrust Financial had a net margin of 20.60% and a return on equity of 10.72%. During the same period in the prior year, the firm posted $1.53 earnings per share. As a group, equities research analysts predict that Wintrust Financial will post 6.27 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. State Board of Administration of Florida Retirement System increased its stake in Wintrust Financial by 0.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 49,502 shares of the bank’s stock valued at $3,333,000 after buying an additional 130 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in Wintrust Financial by 1.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 10,003 shares of the bank’s stock valued at $731,000 after buying an additional 166 shares during the last quarter. Private Vista LLC increased its stake in Wintrust Financial by 5.6% in the 1st quarter. Private Vista LLC now owns 5,374 shares of the bank’s stock valued at $361,000 after buying an additional 287 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Wintrust Financial by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 22,810 shares of the bank’s stock valued at $1,669,000 after buying an additional 323 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in Wintrust Financial by 7.1% in the 1st quarter. Crossmark Global Holdings Inc. now owns 5,266 shares of the bank’s stock valued at $355,000 after buying an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 89.01% of the company’s stock.

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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