Wintrust Financial Corp (WTFC) is Reiterated by DA Davidson to Neutral, Raises Price Target to $ 58

Wintrust Financial Corp (WTFC) was Reiterated by DA Davidson to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 58 from a previous price target of $49 . DA Davidson advised their investors in a research report released on Apr 21, 2016.

Many Wall Street Analysts have commented on Wintrust Financial Corp. Company shares were Reiterated by RBC Capital Mkts on Apr 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 56 from a previous price target of $50 .

On the company’s financial health, Wintrust Financial Corp reported $0.90 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Apr 18, 2016. Analyst had a consensus of $0.74. The company had revenue of $240.26 million for the quarter, compared to analysts expectations of $234.46 million. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.

Wintrust Financial Corp opened for trading at $46.68 and hit $48.0099 on the upside on Monday, eventually ending the session at $47.8, with a gain of 1.55% or 0.73 points. The heightened volatility saw the trading volume jump to 4,62,070 shares. Company has a market cap of $2,315 M.

In a different news, on Feb 3, 2016, Gary D Sweeney (director) purchased 945 shares at $39.56 per share price. According to the SEC, on Aug 5, 2015, Lisa J Pattis (EVP, GENERAL COUNSEL AND SEC) sold 3,732 shares at $54.37 per share price. On Aug 5, 2015, Edward J Wehmer (PRESIDENT) sold 13,424 shares at $53.77 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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