SunTrust Banks restated their hold rating on shares of Wintrust Financial (NASDAQ:WTFC) in a research report report published on Wednesday. The brokerage currently has a $88.00 price objective on the bank’s stock.

WTFC has been the topic of several other reports. Zacks Investment Research lowered shares of Wintrust Financial from a buy rating to a hold rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods reissued a buy rating and set a $82.00 target price on shares of Wintrust Financial in a research note on Tuesday, August 22nd. Piper Jaffray Companies reissued a hold rating and set a $74.00 target price on shares of Wintrust Financial in a research note on Friday, September 1st. Hovde Group reissued a market perform rating and set a $80.00 target price (up from $76.50) on shares of Wintrust Financial in a research note on Tuesday, August 8th. Finally, Royal Bank Of Canada reissued a buy rating and set a $84.00 target price on shares of Wintrust Financial in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $82.50.

Shares of Wintrust Financial (NASDAQ:WTFC) traded down $0.28 during midday trading on Wednesday, reaching $83.57. 284,001 shares of the company traded hands, compared to its average volume of 196,357. The company has a market capitalization of $4,689.16, a price-to-earnings ratio of 20.11, a PEG ratio of 1.42 and a beta of 0.83. Wintrust Financial has a fifty-two week low of $64.14 and a fifty-two week high of $86.40. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.04. The business had revenue of $295.70 million for the quarter, compared to analyst estimates of $298.96 million. Wintrust Financial had a net margin of 19.74% and a return on equity of 9.32%. Wintrust Financial’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 earnings per share. equities analysts anticipate that Wintrust Financial will post 4.38 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Thursday, November 9th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Wednesday, November 8th. Wintrust Financial’s dividend payout ratio (DPR) is 13.43%.

In other Wintrust Financial news, EVP David A. Dykstra sold 22,476 shares of the firm’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $79.86, for a total value of $1,794,933.36. Following the transaction, the executive vice president now directly owns 188,604 shares of the company’s stock, valued at $15,061,915.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Leona A. Gleason sold 8,441 shares of the firm’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $80.78, for a total transaction of $681,863.98. The disclosure for this sale can be found here. Insiders sold 44,500 shares of company stock worth $3,563,512 over the last ninety days. Insiders own 2.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. LS Investment Advisors LLC lifted its position in shares of Wintrust Financial by 28.1% during the second quarter. LS Investment Advisors LLC now owns 4,487 shares of the bank’s stock valued at $343,000 after purchasing an additional 984 shares in the last quarter. Aperio Group LLC lifted its position in shares of Wintrust Financial by 11.4% during the second quarter. Aperio Group LLC now owns 8,147 shares of the bank’s stock valued at $623,000 after purchasing an additional 836 shares in the last quarter. State Treasurer State of Michigan lifted its position in shares of Wintrust Financial by 7.5% during the second quarter. State Treasurer State of Michigan now owns 22,900 shares of the bank’s stock valued at $1,750,000 after purchasing an additional 1,600 shares in the last quarter. ING Groep NV bought a new position in shares of Wintrust Financial during the second quarter valued at about $518,000. Finally, Strs Ohio lifted its position in shares of Wintrust Financial by 24.3% during the second quarter. Strs Ohio now owns 8,700 shares of the bank’s stock valued at $665,000 after purchasing an additional 1,700 shares in the last quarter. 91.68% of the stock is currently 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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