Wintrust Financial Corp (WTFC) is Initiated by Piper Jaffray to Neutral

Wintrust Financial Corp (WTFC) was Initiated by Piper Jaffray to “Neutral”. Piper Jaffray advised their investors in a research report released on Jun 10, 2016.

Many Wall Street Analysts have commented on Wintrust Financial Corp. Company shares were Reiterated by DA Davidson on Apr 21, 2016 to “Neutral”, Firm has raised the Price Target to $ 58 from a previous price target of $49 .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 closed down -1.46 points or -2.71% at $52.32 with 10,73,612 shares getting traded on Thursday. Post opening the session at $53.32, the shares hit an intraday low of $51.65 and an intraday high of $53.34 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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