Price Action To Observe: Wintrust Financial Corp Hit Record High

Price Action To Observe: Wintrust Financial Corp Hit Record High

The stock of Wintrust Financial Corp (NASDAQ:WTFC) reached all time high today, Nov, 30 and still has $70.41 target or 7.00% above today’s $65.80 share price. This indicates more upside for the $3.43 billion company. This technical setup was reported by Barchart.com. If the $70.41 PT is reached, the company will be worth $240.10 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 104,041 shares traded hands. Wintrust Financial Corp (NASDAQ:WTFC) has risen 23.87% since April 27, 2016 and is uptrending. It has outperformed by 18.65% the S&P500.

Analysts await Wintrust Financial Corp (NASDAQ:WTFC) to report earnings on January, 17. They expect $0.91 earnings per share, up 28.17% or $0.20 from last year’s $0.71 per share. WTFC’s profit will be $47.44M for 18.08 P/E if the $0.91 EPS becomes a reality. After $0.92 actual earnings per share reported by Wintrust Financial Corp for the previous quarter, Wall Street now forecasts -1.09% negative EPS growth.

Wintrust Financial Corp (NASDAQ:WTFC) Ratings Coverage

Out of 9 analysts covering Wintrust Financial (NASDAQ:WTFC), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. Wintrust Financial has been the topic of 9 analyst reports since July 20, 2015 according to StockzIntelligence Inc. SunTrust maintained it with “Neutral” rating and $51 target price in Monday, October 19 report. The stock of Wintrust Financial Corp (NASDAQ:WTFC) has “Outperform” rating given on Wednesday, January 20 by RBC Capital Markets. The company was upgraded on Thursday, September 3 by Zacks. The stock has “Neutral” rating given by Macquarie Research on Monday, October 19. The stock has “Market Perform” rating given by Hovde Group on Wednesday, August 24. Keefe Bruyette & Woods upgraded Wintrust Financial Corp (NASDAQ:WTFC) on Tuesday, November 29 to “Outperform” rating. The company was initiated on Friday, June 10 by Piper Jaffray.

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 worsened, 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.
Td Asset Mngmt holds 14,800 shares or 0% of its portfolio. Principal Financial Gru holds 0.04% or 562,743 shares in its portfolio. Deutsche Comml Bank Ag accumulated 61,558 shares or 0% of the stock. Cornerstone Cap Hldgs owns 11,272 shares or 0% of their US portfolio. Hutchin Hill Limited Partnership holds 0.63% or 370,000 shares in its portfolio. Amalgamated Natl Bank holds 0.02% of its portfolio in Wintrust Financial Corp (NASDAQ:WTFC) for 6,032 shares. Tower Research Cap Limited Liability Company (Trc) owns 1,352 shares or 0.01% of their US portfolio. Susquehanna Gp Limited Liability Partnership last reported 18,791 shares in the company. Wells Fargo And Communications Mn, a California-based fund reported 374,763 shares. Great Lakes Advsr Limited Liability Corp accumulated 41,140 shares or 0.06% of the stock. Brown Brothers Harriman & holds 0% or 100 shares in its portfolio. Wolverine Asset Management Limited Liability Corp holds 0% of its portfolio in Wintrust Financial Corp (NASDAQ:WTFC) for 887 shares. Sei Invs Commerce last reported 0.02% of its portfolio in the stock. Clenar Muke Llc holds 0.01% or 4,215 shares in its portfolio. Segall Bryant & Hamill Ltd Llc has invested 0.13% of its portfolio in Wintrust Financial Corp (NASDAQ:WTFC).

Insider Transactions: Since July 21, 2016, the stock had 3 insider buys, and 2 selling transactions for $107,262 net activity. 900 shares were bought by GLABE MARLA F, worth $49,500 on Thursday, October 20. Shares for $68,154 were sold by MURPHY RICHARD B. 9,500 shares with value of $504,545 were bought by HACKETT H PATRICK JR on Friday, July 22. The insider STOEHR DAVID L sold $398,860.

More 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 Nasdaq.com published the news titled: “Wintrust Financial Corp. Reveals 42% Rise In Q3 Profit” on October 17, 2016. Globenewswire.com‘s news article titled: “Wintrust Financial Corporation Announces Offering of Common Stock” with publication date: June 08, 2016 was also an interesting one.

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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