Market Rating: Keefe Bruyette Gives Wintrust Fin (NASDAQ:WTFC) Higher Rating. Lost Its “Mkt Perform” Rating

November 29, 2016 - By Winifred Garcia

Market Rating:  Keefe Bruyette Gives Wintrust Fin (NASDAQ:WTFC) Higher Rating. Lost Its

Wintrust Fin (NASDAQ:WTFC) Upgrade

In a an analyst report sent to investors and clients on Tuesday morning, Keefe Bruyette stated it was upgrading Wintrust Fin (NASDAQ:WTFC) stock from a “Mkt Perform” to a “Outperform”.

Wintrust Financial Corp (NASDAQ:WTFC) Ratings Coverage

Out of 8 analysts covering Wintrust Financial (NASDAQ:WTFC), 2 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 25% are positive. $59 is the highest target while $46 is the lowest. The $53 average target is -18.86% below today’s ($65.32) stock price. Wintrust Financial has been the topic of 8 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The stock of Wintrust Financial Corp (NASDAQ:WTFC) earned “Neutral” rating by Piper Jaffray on Friday, June 10. The stock of Wintrust Financial Corp (NASDAQ:WTFC) earned “Market Perform” rating by Hovde Group on Wednesday, August 24. The stock of Wintrust Financial Corp (NASDAQ:WTFC) earned “Buy” rating by Zacks on Thursday, September 3. As per Wednesday, January 20, the company rating was maintained by RBC Capital Markets. SunTrust maintained Wintrust Financial Corp (NASDAQ:WTFC) rating on Monday, October 19. SunTrust has “Neutral” rating and $51 price target. The stock of Wintrust Financial Corp (NASDAQ:WTFC) earned “Neutral” rating by Macquarie Research on Monday, October 19.

About 88,593 shares traded hands. Wintrust Financial Corp (NASDAQ:WTFC) has risen 23.08% since April 26, 2016 and is uptrending. It has outperformed by 17.82% the S&P500.

Analysts await Wintrust Financial Corp (NASDAQ:WTFC) to report earnings on January, 17. They expect $0.91 earnings per share, up 28.17% or $0.20 from last year’s $0.71 per share. WTFC’s profit will be $45.97M for 17.95 P/E if the $0.91 EPS becomes a reality. After $0.92 actual earnings per share reported by Wintrust Financial Corp for the previous quarter, Wall Street now forecasts -1.09% negative EPS growth.

Insitutional Activity: The institutional sentiment decreased to 1.16 in 2016 Q2. Its down 0.46, from 1.62 in 2016Q1. The ratio turned negative, as 5 funds sold all Wintrust Financial Corp shares owned while 64 reduced positions. 34 funds bought stakes while 78 increased positions. They now own 46.73 million shares or 3.53% more from 45.13 million shares in 2016Q1.

Blackrock owns 38,545 shares or 0% of their US portfolio. Us Bancorporation De owns 43,684 shares or 0.01% of their US portfolio. Renaissance Technology Limited Liability Corp has 0% invested in the company for 15,600 shares. Invesco last reported 0.06% of its portfolio in the stock. Proshare Limited Liability Com has 0.01% invested in the company for 14,908 shares. Checchi Capital Advisers Ltd Com has invested 0% of its portfolio in Wintrust Financial Corp (NASDAQ:WTFC). Guggenheim Ltd Liability has invested 0.05% of its portfolio in Wintrust Financial Corp (NASDAQ:WTFC). Spot Trading Limited Com accumulated 0% or 3,000 shares. The Ohio-based Strs Ohio has invested 0% in Wintrust Financial Corp (NASDAQ:WTFC). Alliancebernstein Lp owns 78,696 shares or 0% of their US portfolio. Credit Agricole S A reported 193,569 shares or 0.04% of all its holdings. Blackrock Japan Communication reported 5,032 shares or 0% of all its holdings. Moreover, Whitnell Co has 0.01% invested in Wintrust Financial Corp (NASDAQ:WTFC) for 832 shares. Voya Inv Mgmt Limited Liability last reported 23,157 shares in the company. Principal Fincl Group accumulated 0.04% or 562,743 shares.

Insider Transactions: Since July 21, 2016, the stock had 3 insider buys, and 2 insider sales for $107,262 net activity. MURPHY RICHARD B sold 1,293 shares worth $68,154. HACKETT H PATRICK JR bought $504,545 worth of stock or 9,500 shares. GLABE MARLA F also bought $49,500 worth of Wintrust Financial Corp (NASDAQ:WTFC) on Thursday, October 20. 7,252 shares were sold by STOEHR DAVID L, worth $398,860 on Thursday, October 20.

Wintrust Financial Corporation is a financial holding company. The company has a market cap of $3.30 billion. The Firm conducts its businesses through three divisions: community banking, specialty finance and wealth management. It has a 19.62 P/E ratio. The Firm provides community-oriented, personal and commercial banking services to clients located in the Chicago metropolitan area and in southeastern Wisconsin through its banking subsidiaries .

According to Zacks Investment Research, “Wintrust Financial Corporation is a bank holding company which provides banking services, trust and investment services, commercial insurance premium financing, short-term accounts receivable financing, and certain administrative services. They provide community-oriented, personal and commercial banking services through their subsidiaries, Lake Forest Bank & Trust Company, Hinsdale Bank & Trust Company, North Shore Community Bank & Trust Company, Libertyville Bank & Trust Company, Barrington Bank & Trust Company, Crystal Lake Bank & Trust Company, and Northbrook Bank & Trust Company.”

WTFC Company Profile

Wintrust Financial Corporation, incorporated on December 30, 1992, is a financial holding company. The Firm conducts its businesses through three divisions: community banking, specialty finance and wealth management. The Firm provides community-oriented, personal and commercial banking services to clients located in the Chicago metropolitan area and in southeastern Wisconsin through its banking subsidiaries (the banks). The Firm provides wealth management services to clients in its market area through its subsidiaries, The Chicago Trust Company, N.A. (CTC), Wayne Hummer Investments, LLC (WHI) and Great Lakes Advisors, LLC (Great Lakes Advisors).

More important recent Wintrust Financial Corp (NASDAQ:WTFC) news were published by: Globenewswire.com which released: “Wintrust Financial Corporation Announces the Closing of the Acquisition of …” on November 18, 2016, also Nasdaq.com published article titled: “Wintrust Financial Corp. Reveals 42% Rise In Q3 Profit”, Globenewswire.com published: “Wintrust Financial Corporation Announces Offering of Common Stock” on June 08, 2016. More interesting news about Wintrust Financial Corp (NASDAQ:WTFC) was released by: Globenewswire.com and their article: “Wintrust Financial Corporation Announces Plans to Acquire First Community …” with publication date: July 06, 2016.

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