Zacks Investment Research downgraded shares of Wintrust Financial Corp. (NASDAQ:WTFC) from a buy rating to a hold rating in a research report report published on Wednesday morning.

According to Zacks, “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. “

Several other research analysts have also issued reports on the company. Hovde Group started coverage on Wintrust Financial Corp. in a research report on Wednesday, August 24th. They set a market perform rating and a $59.00 target price for the company. Piper Jaffray Cos. restated a neutral rating and set a $53.00 target price (up previously from $52.00) on shares of Wintrust Financial Corp. in a research report on Sunday, July 24th. Nine investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Wintrust Financial Corp. currently has a consensus rating of Hold and an average price target of $53.10.

Shares of Wintrust Financial Corp. (NASDAQ:WTFC) traded down 2.3441% during mid-day trading on Wednesday, reaching $54.2576. The company’s stock had a trading volume of 19,915 shares. The firm’s 50 day moving average is $55.25 and its 200 day moving average is $51.92. Wintrust Financial Corp. has a one year low of $37.96 and a one year high of $56.68. The firm has a market cap of $2.80 billion, a PE ratio of 17.3181 and a beta of 0.86.

Wintrust Financial Corp. (NASDAQ:WTFC) last announced its earnings results on Tuesday, July 19th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.04. Wintrust Financial Corp. had a return on equity of 8.27% and a net margin of 16.55%. During the same quarter last year, the firm earned $0.85 earnings per share. On average, equities analysts anticipate that Wintrust Financial Corp. will post $3.60 earnings per share for the current fiscal year.

In related news, insider Richard B. Murphy sold 1,293 shares of the company’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $52.71, for a total value of $68,154.03. Following the transaction, the insider now directly owns 28,445 shares of the company’s stock, valued at approximately $1,499,335.95. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in WTFC. Victory Capital Management Inc. increased its position in Wintrust Financial Corp. by 77.5% in the second quarter. Victory Capital Management Inc. now owns 2,277 shares of the company’s stock valued at $116,000 after buying an additional 994 shares during the last quarter. First Mercantile Trust Co. purchased a new position in Wintrust Financial Corp. during the third quarter valued at about $167,000. PNC Financial Services Group Inc. increased its position in Wintrust Financial Corp. by 3.3% in the second quarter. PNC Financial Services Group Inc. now owns 3,585 shares of the company’s stock valued at $183,000 after buying an additional 116 shares during the last quarter. Commonwealth Equity Services Inc purchased a new position in Wintrust Financial Corp. during the second quarter valued at about $200,000. Finally, Shelton Capital Management purchased a new position in Wintrust Financial Corp. during the second quarter valued at about $207,000. 91.90% of the stock is currently owned by hedge funds and other institutional investors.

About Wintrust Financial Corp.

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 provides community-oriented, personal and commercial banking services to customers located in the Chicago metropolitan area and in southeastern Wisconsin through its banking subsidiaries (the banks).

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