Wintrust Financial (NASDAQ:WTFC) Cut to Sell at Wall Street Zen

Wintrust Financial (NASDAQ:WTFC - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Financial Group set a $145.00 target price on shares of Wintrust Financial and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Stephens decreased their price objective on shares of Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Royal Bank Of Canada cut their target price on shares of Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. DA Davidson decreased their price target on Wintrust Financial from $140.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, Barclays raised their price target on Wintrust Financial from $138.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Wintrust Financial has a consensus rating of "Moderate Buy" and an average target price of $135.77.

Wintrust Financial Stock Down 0.7%

NASDAQ WTFC opened at $123.32 on Friday. Wintrust Financial has a 1-year low of $89.10 and a 1-year high of $142.04. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 12.20 and a beta of 0.82. The stock's 50 day moving average is $118.04 and its two-hundred day moving average is $119.78. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its earnings results on Monday, April 21st. The bank reported $2.69 EPS for the quarter, topping the consensus estimate of $2.52 by $0.17. Wintrust Financial had a return on equity of 12.00% and a net margin of 17.32%. The business had revenue of $643.11 million during the quarter, compared to the consensus estimate of $643.11 million. During the same quarter last year, the company earned $2.89 EPS. Equities analysts forecast that Wintrust Financial will post 10.36 earnings per share for the current fiscal year.

Institutional Trading of Wintrust Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Park Place Capital Corp boosted its stake in shares of Wintrust Financial by 1,264.7% in the 1st quarter. Park Place Capital Corp now owns 232 shares of the bank's stock valued at $26,000 after purchasing an additional 215 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in Wintrust Financial in the first quarter valued at approximately $27,000. AlphaQuest LLC bought a new position in Wintrust Financial in the first quarter valued at approximately $33,000. Wayfinding Financial LLC acquired a new stake in Wintrust Financial during the 1st quarter worth $36,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Wintrust Financial during the 1st quarter valued at $38,000. 93.48% of the stock is currently owned by institutional investors and hedge funds.

About Wintrust Financial

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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