November 29, 2016 - By Clifton Ray
In a research note shared with investors and clients today, Keefe Bruyette & Woods boosted shares of Wintrust Financial Corporation (NASDAQ:WTFC) to a “Outperform” rating from “Market Perform” rating.
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 -18.87% below today’s ($65.33) stock price. Wintrust Financial has been the topic of 8 analyst reports since July 20, 2015 according to StockzIntelligence Inc. Hovde Group initiated Wintrust Financial Corp (NASDAQ:WTFC) rating on Wednesday, August 24. Hovde Group has “Market Perform” rating and $59 price target. The rating was upgraded by Zacks to “Buy” on Thursday, September 3. The stock of Wintrust Financial Corp (NASDAQ:WTFC) earned “Neutral” rating by Macquarie Research on Monday, October 19. The firm has “Neutral” rating by Piper Jaffray given on Friday, June 10. SunTrust maintained Wintrust Financial Corp (NASDAQ:WTFC) rating on Monday, October 19. SunTrust has “Neutral” rating and $51 price target. RBC Capital Markets maintained it with “Outperform” rating and $50 target price in Wednesday, January 20 report.
About 294,628 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 $45.97 million 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 is 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.
Maltese Mngmt Limited Co reported 130,000 shares or 0.83% of all its holdings. Voya Management Ltd Limited Liability Company last reported 0% of its portfolio in the stock. Brown Brothers Harriman And has 0% invested in the company for 100 shares. Guggenheim Capital Lc, a Illinois-based fund reported 332,991 shares. Bancorporation Of Ny Mellon last reported 0.01% of its portfolio in the stock. Kistler, a Alabama-based fund reported 10 shares. Blackrock Japan reported 5,032 shares or 0% of all its holdings. Argent Capital Management Limited Liability Company reported 80,098 shares or 0.18% of all its holdings. Legal General Grp Public Limited Company, a United Kingdom-based fund reported 26,390 shares. Hermes Inv Ltd last reported 0.92% of its portfolio in the stock. Cantab Llp last reported 172 shares in the company. Asset Mngmt Inc has 0% invested in the company for 3,472 shares. Aqr Capital Management Lc accumulated 32,914 shares or 0% of the stock. Creative Planning holds 0% or 13,140 shares in its portfolio. Morgan Stanley accumulated 6,767 shares or 0% of the stock.
Insider Transactions: Since July 21, 2016, the stock had 3 insider buys, and 2 sales for $107,262 net activity. Another trade for 9,500 shares valued at $504,545 was bought by HACKETT H PATRICK JR. On Thursday, October 20 STOEHR DAVID L sold $398,860 worth of the stock or 7,252 shares. 380 Wintrust Financial Corp (NASDAQ:WTFC) shares with value of $20,231 were bought by GLABE MARLA F. On Thursday, July 21 MURPHY RICHARD B sold $68,154 worth of the stock or 1,293 shares.
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.”
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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By Clifton Ray