November 29, 2016 - By Vivian Park
KBW boosted the shares of Wintrust Financial (NASDAQ:WTFC) from a Mkt Perform rating to Outperform rating in a a note revealed to investors on 29 November.
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 -18.61% below today’s ($65.12) stock price. Wintrust Financial has been the topic of 8 analyst reports since July 20, 2015 according to StockzIntelligence Inc. On Thursday, September 3 the stock rating was upgraded by Zacks to “Buy”. On Wednesday, August 24 the stock rating was initiated by Hovde Group with “Market Perform”. The company was maintained on Wednesday, January 20 by RBC Capital Markets. The stock of Wintrust Financial Corp (NASDAQ:WTFC) has “Neutral” rating given on Monday, October 19 by SunTrust. The stock has “Neutral” rating given by Piper Jaffray on Friday, June 10. On Monday, October 19 the stock rating was maintained by Macquarie Research with “Neutral”.
The stock increased 0.74% or $0.48 during the last trading session, hitting $65.12. About 393,623 shares traded hands or 15.24% up from the average. 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 $45.98 million for 17.89 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 Q2 2016. Its down 0.46, from 1.62 in 2016Q1. The ratio worsened, 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.
Eagle Asset Mngmt last reported 29,713 shares in the company. Blackrock Fund Advsrs holds 3.37M shares or 0.04% of its portfolio. Moreover, D E Shaw & Co has 0.01% invested in Wintrust Financial Corp (NASDAQ:WTFC) for 153,715 shares. Parametric Portfolio Assoc Limited Liability holds 0.01% or 183,143 shares in its portfolio. Allianz Asset Ag owns 128,099 shares or 0% of their US portfolio. Mairs And Pwr last reported 160,530 shares in the company. Macquarie Ltd has 0.01% invested in the company for 98,000 shares. Parametrica Management Ltd accumulated 5,426 shares or 0.41% of the stock. Aperio Ltd Liability Corporation last reported 0% of its portfolio in the stock. State Street accumulated 1.45 million shares or 0.01% of the stock. Checchi Capital Advisers Llc has 191 shares for 0% of their US portfolio. Gsa Prtnrs Llp has invested 0.01% of its portfolio in Wintrust Financial Corp (NASDAQ:WTFC). Cetera Advisor Net Limited Liability Corp last reported 4,215 shares in the company. Profund Advsr Lc has 0.04% invested in the company for 16,905 shares. Schroder Management Grp Inc reported 422,117 shares or 0.04% of all its holdings.
Insider Transactions: Since July 21, 2016, the stock had 3 buys, and 2 selling transactions for $107,262 net activity. MURPHY RICHARD B sold $68,154 worth of stock or 1,293 shares. GLABE MARLA F also bought $20,231 worth of Wintrust Financial Corp (NASDAQ:WTFC) on Friday, July 22. HACKETT H PATRICK JR bought $504,545 worth of Wintrust Financial Corp (NASDAQ:WTFC) on Friday, July 22. 7,252 shares were sold by STOEHR DAVID L, worth $398,860.
Wintrust Financial Corporation is a financial holding company. The company has a market cap of $3.29 billion. The Firm conducts its businesses through three divisions: community banking, specialty finance and wealth management. It has a 19.56 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 Vivian Park