2 weeks Ago By ABMN Staff
Wintrust Financial Co. ( NASDAQ:WTFC – Get Free Report ) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 859,000 shares, a drop of 13.
9% from the August 31st total of 997,800 shares. Based on an average daily volume of 425,700 shares, the short-interest ratio is presently 2.0 days.
Wintrust Financial Price Performance Shares of NASDAQ:WTFC opened at $106.55 on Friday. The company has a quick ratio of 0.
99, a current ratio of 0.99 and a debt-to-equity ratio of 0.85.
The stock has a market cap of $6.58 billion, a PE ratio of 11.02 and a beta of 1.
16. The company’s fifty day moving average is $104.71 and its 200 day moving average is $100.
93. Wintrust Financial has a 52 week low of $71.86 and a 52 week high of $113.
68. Wintrust Financial ( NASDAQ:WTFC – Get Free Report ) last announced its quarterly earnings data on Wednesday, July 17th. The bank reported $2.
32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.10).
Wintrust Financial had a net margin of 17.02% and a return on equity of 12.71%.
The company had revenue of $591.76 million for the quarter, compared to the consensus estimate of $587.33 million.
During the same period last year, the business posted $2.38 earnings per share. The firm’s quarterly revenue was up 5.
6% compared to the same quarter last year. Research analysts anticipate that Wintrust Financial will post 10.12 earnings per share for the current year.
Wintrust Financial Dividend Announcement Wall Street Analysts Forecast Growth Several research analysts have recently weighed in on the stock. DA Davidson upped their price target on shares of Wintrust Financial from $120.00 to $125.
00 and gave the stock a “buy” rating in a report on Friday, July 19th. Jefferies Financial Group decreased their target price on Wintrust Financial from $118.00 to $116.
00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Keefe, Bruyette & Woods downgraded Wintrust Financial from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $110.00 to $115.
00 in a research report on Friday, July 19th. Stephens restated an “overweight” rating and issued a $115.00 price objective on shares of Wintrust Financial in a research report on Thursday, July 18th.
Finally, Hovde Group reaffirmed a “market perform” rating and issued a $100.00 target price on shares of Wintrust Financial in a research note on Friday, June 21st. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock.
According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $118.23.
Check Out Our Latest Analysis on Wintrust Financial Institutional Inflows and Outflows Hedge funds have recently bought and sold shares of the business. Concord Wealth Partners purchased a new stake in Wintrust Financial in the first quarter worth $26,000. Opal Wealth Advisors LLC bought a new stake in shares of Wintrust Financial during the 1st quarter valued at about $27,000.
Versant Capital Management Inc increased its position in shares of Wintrust Financial by 825.0% during the second quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock valued at $29,000 after buying an additional 264 shares during the period.
DHJJ Financial Advisors Ltd. increased its position in shares of Wintrust Financial by 70.0% during the first quarter.
DHJJ Financial Advisors Ltd. now owns 488 shares of the bank’s stock valued at $51,000 after buying an additional 201 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new position in Wintrust Financial in the fourth quarter worth about $60,000.
Hedge funds and other institutional investors own 93.48% of the company’s stock. Wintrust Financial Company Profile ( 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. Featured Stories Receive News & Ratings for Wintrust Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial and related companies with MarketBeat.
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