Wintrust Financial (NASDAQ:WTFC) Cut to “Sell” at StockNews.com

StockNews.com cut shares of Wintrust Financial (NASDAQ:WTFCFree Report) from a hold rating to a sell rating in a research report sent to investors on Sunday.

A number of other brokerages have also commented on WTFC. Royal Bank of Canada increased their price objective on shares of Wintrust Financial from $104.00 to $109.00 and gave the stock an outperform rating in a report on Friday, January 19th. Keefe, Bruyette & Woods increased their price objective on shares of Wintrust Financial from $103.00 to $106.00 and gave the stock an outperform rating in a report on Friday, January 19th. UBS Group increased their price objective on shares of Wintrust Financial from $105.00 to $113.00 and gave the stock a buy rating in a report on Tuesday, January 23rd. Citigroup increased their price objective on shares of Wintrust Financial from $114.00 to $115.00 and gave the stock a buy rating in a report on Monday, March 18th. Finally, Barclays started coverage on shares of Wintrust Financial in a report on Friday, March 8th. They set an overweight rating and a $135.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wintrust Financial currently has an average rating of Moderate Buy and an average price target of $107.67.

Read Our Latest Stock Analysis on WTFC

Wintrust Financial Stock Down 0.5 %

WTFC opened at $100.43 on Friday. The firm’s 50-day simple moving average is $97.58 and its 200-day simple moving average is $88.96. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.99 and a current ratio of 0.99. Wintrust Financial has a twelve month low of $58.12 and a twelve month high of $105.29. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 10.48 and a beta of 1.21.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last posted its earnings results on Thursday, January 18th. The bank reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.42 by ($0.55). Wintrust Financial had a return on equity of 13.23% and a net margin of 18.71%. The firm had revenue of $570.80 million during the quarter, compared to the consensus estimate of $578.89 million. During the same period in the previous year, the company posted $2.23 EPS. Equities research analysts anticipate that Wintrust Financial will post 9.95 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.79%. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, February 7th. Wintrust Financial’s dividend payout ratio (DPR) is currently 18.79%.

Insider Activity at Wintrust Financial

In related news, insider Edward J. Wehmer sold 9,500 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total value of $943,920.00. Following the sale, the insider now directly owns 177,124 shares in the company, valued at approximately $17,599,040.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Edward J. Wehmer sold 9,500 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total value of $943,920.00. Following the sale, the insider now directly owns 177,124 shares in the company, valued at approximately $17,599,040.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total transaction of $57,553.44. Following the completion of the sale, the executive vice president now owns 3,410 shares in the company, valued at $333,770.80. The disclosure for this sale can be found here. 1.41% of the stock is currently owned by corporate insiders.

Institutional Trading of Wintrust Financial

Several hedge funds have recently bought and sold shares of WTFC. HighTower Advisors LLC raised its holdings in Wintrust Financial by 3.9% during the 1st quarter. HighTower Advisors LLC now owns 11,802 shares of the bank’s stock worth $1,095,000 after buying an additional 438 shares during the period. PNC Financial Services Group Inc. raised its holdings in Wintrust Financial by 12.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,475 shares of the bank’s stock worth $324,000 after buying an additional 394 shares during the period. Natixis Advisors L.P. raised its holdings in Wintrust Financial by 1.5% during the 1st quarter. Natixis Advisors L.P. now owns 16,809 shares of the bank’s stock worth $1,562,000 after buying an additional 255 shares during the period. MetLife Investment Management LLC raised its holdings in Wintrust Financial by 33.4% during the 1st quarter. MetLife Investment Management LLC now owns 36,861 shares of the bank’s stock worth $3,425,000 after buying an additional 9,235 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Wintrust Financial by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,892 shares of the bank’s stock valued at $1,941,000 after purchasing an additional 1,992 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

About Wintrust Financial

(Get Free Report)

Wintrust Financial Corporation operates as a financial holding company. 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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Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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