FIG Partners Upgrades Wintrust Financial (WTFC) to Outperform

FIG Partners upgraded shares of Wintrust Financial (NASDAQ:WTFC) from a market perform rating to an outperform rating in a research report report published on Friday, Marketbeat.com reports. FIG Partners also issued estimates for Wintrust Financial’s Q2 2018 earnings at $1.41 EPS and Q3 2018 earnings at $1.49 EPS.

A number of other equities analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Wintrust Financial from a hold rating to a buy rating and set a $94.00 target price on the stock in a research report on Wednesday, December 27th. Royal Bank of Canada reiterated a buy rating and set a $84.00 target price on shares of Wintrust Financial in a research report on Friday, October 20th. Keefe, Bruyette & Woods reiterated a buy rating and set a $90.00 target price on shares of Wintrust Financial in a research report on Thursday, December 14th. SunTrust Banks reiterated a hold rating and set a $94.00 target price on shares of Wintrust Financial in a research report on Tuesday, January 9th. Finally, BidaskClub upgraded shares of Wintrust Financial from a hold rating to a buy rating in a research report on Friday, December 22nd. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Wintrust Financial currently has an average rating of Hold and a consensus target price of $88.67.

Wintrust Financial (NASDAQ WTFC) opened at $81.83 on Friday. Wintrust Financial has a 12-month low of $64.14 and a 12-month high of $89.34. The stock has a market cap of $4,483.37, a P/E ratio of 18.60, a PEG ratio of 1.07 and a beta of 0.85. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, January 22nd. The bank reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.04. Wintrust Financial had a net margin of 20.35% and a return on equity of 9.49%. The company had revenue of $300.14 million for the quarter, compared to analyst estimates of $299.47 million. During the same period in the prior year, the business earned $0.94 earnings per share. Wintrust Financial’s quarterly revenue was up 8.7% on a year-over-year basis. research analysts anticipate that Wintrust Financial will post 5.56 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Thursday, February 8th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.93%. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, February 7th. Wintrust Financial’s payout ratio is 17.27%.

In other Wintrust Financial news, insider Edward J. Wehmer sold 14,173 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $87.66, for a total value of $1,242,405.18. Following the completion of the sale, the insider now owns 134,864 shares of the company’s stock, valued at $11,822,178.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David A. Dykstra sold 11,235 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $87.56, for a total transaction of $983,736.60. Following the completion of the sale, the executive vice president now directly owns 39,365 shares of the company’s stock, valued at approximately $3,446,799.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,676 shares of company stock valued at $2,687,566. 2.00% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the business. Cerebellum GP LLC bought a new stake in Wintrust Financial in the fourth quarter valued at approximately $126,000. Meeder Asset Management Inc. bought a new stake in shares of Wintrust Financial during the third quarter worth $183,000. Trust Co. of Toledo NA OH bought a new stake in shares of Wintrust Financial during the fourth quarter worth $200,000. Magnetar Financial LLC bought a new stake in shares of Wintrust Financial during the third quarter worth $204,000. Finally, Csenge Advisory Group bought a new stake in shares of Wintrust Financial during the third quarter worth $212,000. 90.79% of the stock is owned by hedge funds and other institutional investors.

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About Wintrust Financial

Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.

Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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