Wintrust Financial (NASDAQ:WTFC) Downgraded to “Sell” at StockNews.com

StockNews.com downgraded shares of Wintrust Financial (NASDAQ:WTFCFree Report) from a hold rating to a sell rating in a research report sent to investors on Sunday.

A number of other research analysts have also weighed in on the stock. Citigroup raised their target price on shares of Wintrust Financial from $114.00 to $115.00 and gave the stock a buy rating in a research note on Monday, March 18th. Barclays assumed coverage on shares of Wintrust Financial in a research report on Friday, March 8th. They set an overweight rating and a $135.00 price target on the stock. UBS Group lifted their target price on shares of Wintrust Financial from $105.00 to $113.00 and gave the company a buy rating in a report on Tuesday, January 23rd. Wedbush reiterated an outperform rating and issued a $110.00 target price on shares of Wintrust Financial in a report on Thursday, January 18th. Finally, Truist Financial lifted their target price on shares of Wintrust Financial from $105.00 to $111.00 and gave the company a buy rating in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $107.17.

Check Out Our Latest Report on WTFC

Wintrust Financial Stock Performance

Shares of WTFC opened at $104.39 on Friday. Wintrust Financial has a 12 month low of $58.12 and a 12 month high of $105.29. The stock has a fifty day moving average price of $97.41 and a 200-day moving average price of $88.54. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.73. The firm has a market cap of $6.48 billion, a PE ratio of 10.90 and a beta of 1.20.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last issued its earnings results on Thursday, January 18th. The bank reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.55). The firm had revenue of $570.80 million during the quarter, compared to analysts’ expectations of $578.89 million. Wintrust Financial had a return on equity of 13.23% and a net margin of 18.71%. During the same quarter last year, the business earned $2.23 EPS. Equities research analysts predict that Wintrust Financial will post 9.95 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were given a $0.45 dividend. The ex-dividend date was Wednesday, February 7th. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 1.72%. Wintrust Financial’s payout ratio is 18.79%.

Insider Activity at Wintrust Financial

In related news, insider Edward J. Wehmer sold 9,500 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total value of $943,920.00. Following the completion of the sale, the insider now directly owns 177,124 shares of the company’s stock, valued at $17,599,040.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Edward J. Wehmer sold 9,500 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total value of $943,920.00. Following the completion of the sale, the insider now directly owns 177,124 shares of the company’s stock, valued at $17,599,040.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total transaction of $57,553.44. Following the completion of the sale, the executive vice president now directly owns 3,410 shares of the company’s stock, valued at $333,770.80. The disclosure for this sale can be found here. 1.41% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Wintrust Financial by 2.0% in the first quarter. BlackRock Inc. now owns 6,156,440 shares of the bank’s stock valued at $449,112,000 after purchasing an additional 119,790 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Wintrust Financial by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 5,928,458 shares of the bank’s stock worth $483,466,000 after purchasing an additional 109,995 shares during the last quarter. FMR LLC lifted its holdings in Wintrust Financial by 11.5% in the 3rd quarter. FMR LLC now owns 4,651,381 shares of the bank’s stock worth $351,179,000 after purchasing an additional 480,942 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Wintrust Financial by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,866,032 shares of the bank’s stock worth $265,829,000 after buying an additional 80,526 shares during the period. Finally, State Street Corp increased its position in Wintrust Financial by 4.2% in the 2nd quarter. State Street Corp now owns 2,795,528 shares of the bank’s stock worth $203,011,000 after buying an additional 112,337 shares during the period. 93.48% of the stock is owned by hedge funds and other institutional investors.

About Wintrust Financial

(Get Free Report)

Wintrust Financial Corporation operates as a financial holding company. 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), online and mobile banking, and other services.

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Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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