The stock of Wintrust Financial Corp (NASDAQ:WTFC) hit a new 52-week high and has $97.80 target or 52.00% above today’s $64.34 share price. The 5 months bullish chart indicates low risk for the $3.38 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $97.80 price target is reached, the company will be worth $1.76B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 112,622 shares traded hands. Wintrust Financial Corp (NASDAQ:WTFC) has risen 26.17% since April 19, 2016 and is uptrending. It has outperformed by 22.31% the S&P500.
Wintrust Financial Corp (NASDAQ:WTFC) Ratings Coverage
Out of 8 analysts covering Wintrust Financial (NASDAQ:WTFC), 2 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 25% are positive. Wintrust Financial has been the topic of 8 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Monday, October 19 by Macquarie Research. The firm earned “Neutral” rating on Friday, June 10 by Piper Jaffray. The stock of Wintrust Financial Corp (NASDAQ:WTFC) earned “Outperform” rating by RBC Capital Markets on Wednesday, January 20. The firm has “Neutral” rating given on Monday, October 19 by SunTrust. The company was upgraded on Thursday, September 3 by Zacks. The firm has “Market Perform” rating by Hovde Group given on Wednesday, August 24.
According to Zacks Investment Research, “Wintrust Financial Corporation is a bank holding company which provides banking services, trust and investment services, commercial insurance premium financing, short-term accounts receivable financing, and certain administrative services. They provide community-oriented, personal and commercial banking services through their subsidiaries, Lake Forest Bank & Trust Company, Hinsdale Bank & Trust Company, North Shore Community Bank & Trust Company, Libertyville Bank & Trust Company, Barrington Bank & Trust Company, Crystal Lake Bank & Trust Company, and Northbrook Bank & Trust Company.”
Insitutional Activity: The institutional sentiment decreased to 1.16 in 2016 Q2. Its down 0.46, from 1.62 in 2016Q1. The ratio fall, as 5 funds sold all Wintrust Financial Corp shares owned while 64 reduced positions. 34 funds bought stakes while 78 increased positions. They now own 46.73 million shares or 3.53% more from 45.13 million shares in 2016Q1.
Amalgamated Bank accumulated 6,032 shares or 0.02% of the stock. Commonwealth Equity owns 3,931 shares or 0% of their US portfolio. Plante Moran Financial Advsrs Llc has 0.01% invested in the company for 372 shares. Perkins Inv Mgmt Ltd Liability Com has 0.77% invested in the company for 1.00 million shares. Deutsche Bankshares Ag has invested 0% of its portfolio in Wintrust Financial Corp (NASDAQ:WTFC). Tudor Corporation Et Al accumulated 97,849 shares or 0.11% of the stock. Mesirow Fincl Inv Management, a Alabama-based fund reported 473,107 shares. Raymond James And Assocs last reported 78,770 shares in the company. Credit Suisse Ag holds 62,782 shares or 0% of its portfolio. Keeley Asset Corporation last reported 0.1% of its portfolio in the stock. Falcon Point Limited Com accumulated 1.68% or 190,374 shares. Wcm Inv Ca last reported 193,889 shares in the company. Citadel Advisors Limited Co has 0.02% invested in the company for 347,013 shares. Granite Inv Prtn Ltd Llc last reported 20,066 shares in the company. First Tru Advsrs Ltd Partnership holds 85,823 shares or 0.01% of its portfolio.
Insider Transactions: Since July 21, 2016, the stock had 3 insider buys, and 2 selling transactions for $107,262 net activity. HACKETT H PATRICK JR had bought 9,500 shares worth $504,545 on Friday, July 22. Another trade for 380 shares valued at $20,231 was bought by GLABE MARLA F. The insider STOEHR DAVID L sold 7,252 shares worth $398,860. MURPHY RICHARD B had sold 1,293 shares worth $68,154.
More notable recent Wintrust Financial Corp (NASDAQ:WTFC) news were published by: Globenewswire.com which released: “Wintrust Financial Corporation Announces the Closing of the Acquisition of …” on November 18, 2016, also Globenewswire.com with their article: “Wintrust Financial Corporation Announces Plans to Acquire First Community …” published on July 06, 2016, Dailyherald.com published: “Wintrust Financial Corp. to acquire GE Capital franchise loans” on June 28, 2016. More interesting news about Wintrust Financial Corp (NASDAQ:WTFC) were released by: Globenewswire.com and their article: “Wintrust Financial Corporation Announces Plans to Acquire Generations Bancorp …” published on January 14, 2016 as well as Seekingalpha.com‘s news article titled: “Wintrust Financial Corp.: Another Growthy U.S. Regional FC” with publication date: October 18, 2016.
WTFC Company Profile
Wintrust Financial Corporation, incorporated on December 30, 1992, is a financial holding company. The Firm conducts its businesses through three divisions: community banking, specialty finance and wealth management. The Firm provides community-oriented, personal and commercial banking services to clients located in the Chicago metropolitan area and in southeastern Wisconsin through its banking subsidiaries (the banks). The Firm provides wealth management services to clients in its market area through its subsidiaries, The Chicago Trust Company, N.A. (CTC), Wayne Hummer Investments, LLC (WHI) and Great Lakes Advisors, LLC (Great Lakes Advisors).
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