Wintrust Financial Corp (WTFC) is Initiated by Hovde Group to Market Perform, Price Target at $59

Wintrust Financial Corp (WTFC) was Initiated by Hovde Group to “Market Perform” and the brokerage firm has set the Price Target at $59. Hovde Group advised their investors in a research report released on Aug 24, 2016.

Many Wall Street Analysts have commented on Wintrust Financial Corp. Wintrust Financial Corp was Initiated by Piper Jaffray to “Neutral” on Jun 10, 2016.

On the company’s financial health, Wintrust Financial Corp reported $0.90 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.86. The company had revenue of $260.10 million for the quarter, compared to analysts expectations of $245.66 million. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS.

Wintrust Financial Corp opened for trading at $54.36 and hit $54.72 on the upside on Tuesday, eventually ending the session at $54.44, with a gain of 0.37% or 0.2 points. The heightened volatility saw the trading volume jump to 1,25,824 shares. Company has a market cap of $2,813 M.

In a different news, on Apr 26, 2016, Marla F Glabe (director) purchased 400 shares at $51.70 per share price. According to the SEC, on Feb 3, 2016, Gary D Sweeney (director) purchased 945 shares at $39.56 per share price. On Aug 5, 2015, Lisa J Pattis (EVP, GENERAL COUNSEL AND SEC) sold 3,732 shares at $54.37 per share price, according to the Form-4 filing with the securities and exchange commission.

Wintrust Financial Corporation (Wintrust) is a financial holding company. The Company conducts its businesses through three segments: community banking specialty finance and wealth management. It provides community-oriented personal and commercial banking services to customers located in the Chicago metropolitan area and in southeastern Wisconsin through its 15 wholly owned banking subsidiaries as well as the origination and purchase of residential mortgages for sale into the secondary market through Wintrust Mortgage a division of Barrington Bank and Trust Company N.A (Barrington Bank). The Company provides specialty finance services including financing for the payment of commercial insurance premiums and life insurance premiums on a national basis short-term accounts receivable financing and outsourced administrative services.

Wintrust Financial Corp

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