Wintrust Financial (NASDAQ:WTFC) Downgraded to “Strong Sell” at ValuEngine

ValuEngine downgraded shares of Wintrust Financial (NASDAQ:WTFC) from a sell rating to a strong sell rating in a research report sent to investors on Wednesday, ValuEngine reports.

WTFC has been the subject of a number of other research reports. Jefferies Financial Group raised their price target on shares of T. Rowe Price Group from $103.00 to $119.00 and gave the stock a buy rating in a research note on Monday, April 1st. BidaskClub cut shares of Xilinx from a buy rating to a hold rating in a research note on Saturday, June 15th. Piper Jaffray Companies set a $92.00 price target on shares of Wintrust Financial and gave the stock a buy rating in a research note on Monday, July 8th. Wedbush restated an outperform rating on shares of WNS in a research note on Tuesday, July 16th. Finally, Zacks Investment Research upgraded shares of ZovioInc . from a sell rating to a hold rating in a research note on Sunday, July 14th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $89.13.

Shares of WTFC opened at $66.78 on Wednesday. The company has a market capitalization of $3.74 billion, a PE ratio of 11.40, a price-to-earnings-growth ratio of 0.78 and a beta of 1.03. The company has a current ratio of 1.00, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. Wintrust Financial has a 12 month low of $61.53 and a 12 month high of $92.56. The business’s 50-day simple moving average is $71.32.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Monday, July 15th. The bank reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.27). The business had revenue of $364.36 million for the quarter, compared to the consensus estimate of $365.40 million. Wintrust Financial had a return on equity of 10.72% and a net margin of 20.60%. During the same quarter in the prior year, the business earned $1.53 EPS. On average, analysts expect that Wintrust Financial will post 6.27 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of WTFC. LPL Financial LLC increased its holdings in shares of Wintrust Financial by 14.4% during the fourth quarter. LPL Financial LLC now owns 3,726 shares of the bank’s stock worth $248,000 after buying an additional 470 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Wintrust Financial by 2.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 8,202 shares of the bank’s stock worth $545,000 after buying an additional 182 shares in the last quarter. Advisor Group Inc. increased its holdings in shares of Wintrust Financial by 38.2% during the fourth quarter. Advisor Group Inc. now owns 4,358 shares of the bank’s stock worth $290,000 after buying an additional 1,205 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Wintrust Financial by 6.8% in the fourth quarter. Great West Life Assurance Co. Can now owns 34,559 shares of the bank’s stock valued at $2,130,000 after purchasing an additional 2,191 shares in the last quarter. Finally, United Services Automobile Association increased its holdings in shares of Wintrust Financial by 6.1% in the fourth quarter. United Services Automobile Association now owns 53,746 shares of the bank’s stock valued at $3,574,000 after purchasing an additional 3,100 shares in the last quarter. 89.01% of the stock is owned by institutional investors.

About Wintrust Financial

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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Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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