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Wintrust Financial Corporation (WTFC) Receives Daily Coverage Optimism Score of 0.28
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Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Banking Stocks on Investors’ Radar — Fifth Third Bancorp, First Midwest Bancorp, Wintrust Financial, and Associated Banc-Corp (bizjournals.com)
- See what the IHS Markit Score report has to say about Wintrust Financial Corp. (finance.yahoo.com)
- Wintrust Financial Corp. – Value Analysis (NASDAQ:WTFC) : August 14, 2017 (finance.yahoo.com)
- Jefferies Group LLC Reaffirms “Hold” Rating for Wintrust Financial Corporation (NASDAQ:WTFC) (americanbankingnews.com)
- Wintrust Financial Corporation (WTFC) Lifted to “Buy” at ValuEngine (americanbankingnews.com)
Several research firms recently commented on WTFC. Stephens lowered shares of Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a report on Monday, July 10th. BidaskClub lowered shares of Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Piper Jaffray Companies set a $72.00 price target on shares of Wintrust Financial Corporation and gave the company a “hold” rating in a report on Tuesday, July 18th. Jefferies Group LLC restated a “hold” rating and issued a $80.00 price target on shares of Wintrust Financial Corporation in a report on Sunday, June 11th. Finally, Zacks Investment Research lowered shares of Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $78.71.
Wintrust Financial Corporation (WTFC) opened at 70.92 on Friday. The company has a 50-day moving average of $75.92 and a 200 day moving average of $72.80. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 17.89 and a beta of 0.81. Wintrust Financial Corporation has a 12-month low of $51.65 and a 12-month high of $80.52.
Wintrust Financial Corporation (NASDAQ:WTFC) last posted its earnings results on Tuesday, July 18th. The bank reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.12. Wintrust Financial Corporation had a return on equity of 9.15% and a net margin of 19.24%. The firm had revenue of $294.38 million during the quarter, compared to analyst estimates of $279.69 million. During the same period in the previous year, the company earned $0.90 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. Equities analysts anticipate that Wintrust Financial Corporation will post $4.30 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.56 annualized dividend and a yield of 0.79%. Wintrust Financial Corporation’s dividend payout ratio (DPR) is currently 14.11%.
In related news, Director Gary D. Sweeney bought 485 shares of Wintrust Financial Corporation stock in a transaction that occurred on Friday, July 21st. The stock was purchased at an average cost of $77.12 per share, for a total transaction of $37,403.20. Following the acquisition, the director now owns 2,186 shares in the company, valued at $168,584.32. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP David A. Dykstra sold 26,861 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $76.82, for a total value of $2,063,462.02. Following the completion of the sale, the executive vice president now owns 185,651 shares of the company’s stock, valued at $14,261,709.82. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.
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Wintrust Financial Corporation Company Profile
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.