A number of other equities analysts have also recently issued reports on the company. Wedbush increased their target price on Wintrust Financial from $50.00 to $57.00 and gave the stock an outperform rating in a report on Thursday, October 22nd. Keefe, Bruyette & Woods cut Wintrust Financial from an outperform rating to a market perform rating and set a $56.00 target price for the company. in a report on Thursday, October 22nd. ValuEngine upgraded Wintrust Financial from a sell rating to a hold rating in a report on Friday. Zacks Investment Research upgraded Wintrust Financial from a hold rating to a buy rating and set a $46.00 target price for the company in a report on Saturday, October 3rd. Finally, Raymond James restated a buy rating and issued a $58.00 price objective on shares of Wintrust Financial in a report on Thursday, August 6th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Wintrust Financial has an average rating of Buy and an average target price of $52.00.
Shares of Wintrust Financial stock opened at $49.12 on Friday. The company has a market capitalization of $2.83 billion, a PE ratio of 10.89, a PEG ratio of 0.76 and a beta of 1.61. Wintrust Financial has a 12 month low of $22.02 and a 12 month high of $71.95. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.68. The stock’s fifty day simple moving average is $44.14 and its 200 day simple moving average is $42.43.
In other news, CEO Edward J. Wehmer bought 1,189 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was acquired at an average cost of $26.57 per share, for a total transaction of $31,591.73. Following the purchase, the chief executive officer now owns 147,124 shares of the company’s stock, valued at approximately $3,909,084.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.58% of the company’s stock.
Large investors have recently modified their holdings of the stock. New York State Common Retirement Fund lifted its stake in Wintrust Financial by 95.0% in the 2nd quarter. New York State Common Retirement Fund now owns 212,707 shares of the bank’s stock valued at $9,278,000 after purchasing an additional 103,650 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Wintrust Financial by 2.1% during the first quarter. The Manufacturers Life Insurance Company now owns 81,750 shares of the bank’s stock worth $2,686,000 after acquiring an additional 1,688 shares during the last quarter. Brinker Capital Inc. acquired a new stake in Wintrust Financial during the second quarter worth approximately $442,000. Comerica Bank lifted its position in Wintrust Financial by 7.0% during the second quarter. Comerica Bank now owns 35,137 shares of the bank’s stock worth $1,537,000 after acquiring an additional 2,299 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Wintrust Financial by 7.0% during the first quarter. Geode Capital Management LLC now owns 730,220 shares of the bank’s stock worth $23,995,000 after acquiring an additional 47,995 shares during the last quarter. Institutional investors and hedge funds own 88.82% of the company’s stock.
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), online and mobile banking, and other services.
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