Piper Jaffray Companies set a $93.00 price objective on Wintrust Financial (NASDAQ:WTFC) in a report released on Wednesday morning, TipRanks reports. The brokerage currently has a buy rating on the bank’s stock. Piper Jaffray Companies also issued estimates for Wintrust Financial’s Q2 2019 earnings at $1.72 EPS, Q3 2019 earnings at $1.77 EPS, Q4 2019 earnings at $1.80 EPS, FY2019 earnings at $6.81 EPS, Q1 2020 earnings at $1.67 EPS, Q2 2020 earnings at $1.77 EPS, Q3 2020 earnings at $1.83 EPS and FY2020 earnings at $7.14 EPS.
Several other analysts also recently issued reports on the company. Zacks Investment Research downgraded Wintrust Financial from a buy rating to a hold rating in a report on Thursday, April 4th. Jefferies Financial Group raised Wintrust Financial from a hold rating to a buy rating in a research note on Monday, April 1st. BidaskClub raised Wintrust Financial from a sell rating to a hold rating in a research note on Friday, February 22nd. Finally, Wedbush boosted their price objective on Wintrust Financial from $79.00 to $80.00 and gave the stock an outperform rating in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $90.88.
Wintrust Financial stock opened at $75.19 on Wednesday. The stock has a market capitalization of $4.26 billion, a PE ratio of 12.83, a PEG ratio of 0.84 and a beta of 0.93. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.39. Wintrust Financial has a 12 month low of $61.53 and a 12 month high of $99.96.
In other news, insider Timothy Crane sold 2,097 shares of the stock in a transaction on Friday, January 25th. The stock was sold at an average price of $72.82, for a total value of $152,703.54. Following the transaction, the insider now owns 18,433 shares of the company’s stock, valued at approximately $1,342,291.06. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Thomas P. Zidar sold 3,482 shares of the stock in a transaction on Friday, January 25th. The shares were sold at an average price of $72.62, for a total value of $252,862.84. Following the completion of the transaction, the executive vice president now directly owns 31,016 shares in the company, valued at approximately $2,252,381.92. The disclosure for this sale can be found here. 1.57% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the stock. OLD Second National Bank of Aurora increased its holdings in Wintrust Financial by 100.0% during the 4th quarter. OLD Second National Bank of Aurora now owns 400 shares of the bank’s stock worth $27,000 after purchasing an additional 200 shares in the last quarter. Huntington National Bank lifted its stake in Wintrust Financial by 43,700.0% in the 4th quarter. Huntington National Bank now owns 438 shares of the bank’s stock valued at $29,000 after purchasing an additional 437 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in Wintrust Financial during the fourth quarter worth approximately $33,000. Private Capital Group LLC lifted its position in Wintrust Financial by 1,251.0% during the fourth quarter. Private Capital Group LLC now owns 689 shares of the bank’s stock worth $46,000 after acquiring an additional 638 shares during the last quarter. Finally, Toronto Dominion Bank acquired a new stake in Wintrust Financial during the fourth quarter worth approximately $74,000. 90.18% of the stock is currently owned by institutional investors and hedge funds.
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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