Other research analysts also recently issued research reports about the company. Keefe, Bruyette & Woods downgraded Wintrust Financial from an outperform rating to a market perform rating and set a $56.00 price target on the stock. in a report on Thursday, October 22nd. Raymond James reissued a buy rating and set a $58.00 price objective on shares of Wintrust Financial in a research report on Thursday, August 6th. BidaskClub raised Wintrust Financial from a sell rating to a hold rating in a research report on Wednesday, October 14th. Wedbush lifted their price objective on Wintrust Financial from $50.00 to $57.00 and gave the company an outperform rating in a research report on Thursday, October 22nd. Finally, Zacks Investment Research raised Wintrust Financial from a hold rating to a buy rating and set a $46.00 price objective for the company in a research report on Saturday, October 3rd. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Wintrust Financial presently has a consensus rating of Buy and a consensus target price of $52.00.
Shares of NASDAQ WTFC opened at $49.12 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 0.76 and a beta of 1.61. The stock’s fifty day simple moving average is $44.14 and its 200 day simple moving average is $42.43. Wintrust Financial has a 52-week low of $22.02 and a 52-week high of $71.95.
In related news, CEO Edward J. Wehmer purchased 1,189 shares of Wintrust Financial stock in a transaction on Monday, August 31st. The stock was bought at an average price of $26.57 per share, with a total value of $31,591.73. Following the completion of the transaction, the chief executive officer now directly owns 147,124 shares of the company’s stock, valued at $3,909,084.68. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.58% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the business. New York State Common Retirement Fund lifted its position in shares of Wintrust Financial by 95.0% in the second quarter. New York State Common Retirement Fund now owns 212,707 shares of the bank’s stock worth $9,278,000 after buying an additional 103,650 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Wintrust Financial by 2.1% in the first quarter. The Manufacturers Life Insurance Company now owns 81,750 shares of the bank’s stock worth $2,686,000 after purchasing an additional 1,688 shares during the period. Brinker Capital Inc. bought a new position in shares of Wintrust Financial in the second quarter worth about $442,000. Comerica Bank increased its stake in shares of Wintrust Financial by 7.0% in the second quarter. Comerica Bank now owns 35,137 shares of the bank’s stock worth $1,537,000 after purchasing an additional 2,299 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Wintrust Financial by 7.0% in the first quarter. Geode Capital Management LLC now owns 730,220 shares of the bank’s stock worth $23,995,000 after purchasing an additional 47,995 shares during the period. 88.82% of the stock is owned by institutional investors.
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), online and mobile banking, and other services.
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