ValuEngine upgraded shares of Wintrust Financial (NASDAQ:WTFC) from a hold rating to a buy rating in a research note released on Sunday.
Other analysts have also recently issued reports about the company. Zacks Investment Research raised Wintrust Financial from a hold rating to a buy rating and set a $79.00 price objective for the company in a research report on Wednesday, September 13th. Royal Bank of Canada reissued a buy rating and issued a $84.00 price target on shares of Wintrust Financial in a report on Friday, September 8th. Keefe, Bruyette & Woods reissued a buy rating on shares of Wintrust Financial in a report on Tuesday, September 26th. BidaskClub raised Wintrust Financial from a hold rating to a buy rating in a report on Friday, December 22nd. Finally, SunTrust Banks reissued a hold rating and issued a $88.00 price target on shares of Wintrust Financial in a report on Wednesday, November 29th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $84.88.
Wintrust Financial (NASDAQ:WTFC) opened at $82.30 on Friday. The stock has a market capitalization of $4,600.00, a P/E ratio of 19.74, a P/E/G ratio of 1.39 and a beta of 0.83. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 1.01. Wintrust Financial has a 12 month low of $64.14 and a 12 month high of $86.80.
In related news, CEO Edward J. Wehmer sold 9,000 shares of Wintrust Financial stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $79.91, for a total value of $719,190.00. Following the transaction, the chief executive officer now owns 121,873 shares in the company, valued at $9,738,871.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ingrid S. Stafford sold 1,405 shares of Wintrust Financial stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $80.63, for a total value of $113,285.15. Following the completion of the transaction, the director now owns 20,746 shares in the company, valued at approximately $1,672,749.98. The disclosure for this sale can be found here. Insiders have sold 44,500 shares of company stock valued at $3,563,512 in the last three months. 1.97% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. lifted its stake in shares of Wintrust Financial by 4.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 290,354 shares of the bank’s stock worth $22,195,000 after acquiring an additional 12,868 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Wintrust Financial in the second quarter worth about $121,000. Legal & General Group Plc lifted its stake in shares of Wintrust Financial by 20.2% in the second quarter. Legal & General Group Plc now owns 59,441 shares of the bank’s stock worth $4,545,000 after acquiring an additional 9,988 shares in the last quarter. Royce & Associates LP acquired a new position in shares of Wintrust Financial in the second quarter worth about $7,644,000. Finally, Pacer Advisors Inc. lifted its stake in shares of Wintrust Financial by 37.5% in the second quarter. Pacer Advisors Inc. now owns 7,470 shares of the bank’s stock worth $571,000 after acquiring an additional 2,038 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.
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Wintrust Financial Company Profile
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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