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 analysts also recently commented on the stock. ValuEngine upgraded shares of Wintrust Financial from a strong sell rating to a sell rating in a research note on Tuesday, July 23rd. Wedbush reduced their price objective on shares of Wintrust Financial from $84.00 to $78.00 and set an outperform rating for the company in a research note on Tuesday, July 16th. BidaskClub downgraded shares of Wintrust Financial from a hold rating to a sell rating in a research note on Friday, August 9th. Raymond James downgraded shares of Wintrust Financial from a strong-buy rating to an outperform rating in a research note on Thursday, August 29th. Finally, Piper Jaffray Companies set a $92.00 price objective on shares of Wintrust Financial and gave the stock a buy rating in a research note on Monday, July 8th. Two analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $87.86.
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 Zacks’ consensus estimate of $1.65 by ($0.27). Wintrust Financial had a return on equity of 10.72% and a net margin of 20.60%. The business had revenue of $364.36 million for the quarter, compared to analyst estimates of $365.40 million. During the same quarter in the prior year, the company earned $1.53 earnings per share. As a group, sell-side analysts expect that Wintrust Financial will post 6.12 earnings per share for the current year.
In other news, Director Gary D. Sweeney bought 747 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were bought at an average cost of $66.92 per share, with a total value of $49,989.24. Following the acquisition, the director now owns 4,392 shares in the company, valued at $293,912.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.58% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Wintrust Financial by 1.6% in the 1st quarter. BlackRock Inc. now owns 5,698,685 shares of the bank’s stock valued at $383,690,000 after purchasing an additional 91,339 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Wintrust Financial by 5.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,913,123 shares of the bank’s stock valued at $138,109,000 after purchasing an additional 92,437 shares during the period. Citadel Advisors LLC raised its holdings in shares of Wintrust Financial by 1.3% in the 2nd quarter. Citadel Advisors LLC now owns 1,208,377 shares of the bank’s stock valued at $88,404,000 after purchasing an additional 15,942 shares during the period. FMR LLC raised its holdings in shares of Wintrust Financial by 49.3% in the 1st quarter. FMR LLC now owns 988,775 shares of the bank’s stock valued at $66,574,000 after purchasing an additional 326,602 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Wintrust Financial by 89.2% in the 2nd quarter. Invesco Ltd. now owns 933,255 shares of the bank’s stock valued at $68,277,000 after purchasing an additional 439,875 shares during the period. 88.16% of the stock is currently owned by institutional investors.
Wintrust Financial Company Profile
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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