Wintrust Financial (WTFC) PT Set at $93.00 by Piper Jaffray Companies

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.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, April 15th. The bank reported $1.52 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.01). Wintrust Financial had a net margin of 21.95% and a return on equity of 11.45%. The company had revenue of $343.64 million for the quarter, compared to analysts’ expectations of $345.03 million. During the same quarter in the previous year, the business posted $1.40 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities analysts forecast that Wintrust Financial will post 6.56 earnings per share for the current fiscal year.

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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