In a report released today, David Chiaverini from Wedbush maintained a Buy rating on Wintrust Financial (WTFC – Research Report), with a price target of $105.00. The company’s shares closed yesterday at $82.75.
Chiaverini covers the Financial sector, focusing on stocks such as Silvergate Capital, Citizens Financial, and SoFi Technologies. According to TipRanks, Chiaverini has an average return of 1.5% and a 43.72% success rate on recommended stocks.
Wintrust Financial has an analyst consensus of Strong Buy, with a price target consensus of $110.14, implying a 33.10% upside from current levels. In a report released on January 11, RBC Capital also maintained a Buy rating on the stock with a $111.00 price target.
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WTFC market cap is currently $5.03B and has a P/E ratio of 10.34.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WTFC in relation to earlier this year. Last month, Thomas Zidar, the EVP of WTFC sold 6,469.00 shares for a total of $560,474.16.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Wintrust Financial Corp. operates as a bank holding company, which engages in the provision of banking and financial services. It operates through the following segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment provides community-oriented, personal and commercial banking services to customers located in its market area. The Specialty Finance segment offers financing of insurance premiums for businesses and individuals; accounts receivable financing, value-added, out-sourced administrative services; and other specialty finance businesses. The Wealth Management segment offers wealth management services through Wintrust Investments, CTC, Great Lakes Advisors and CDEC; trust and investment services, tax-deferred like-kind exchange services, asset management, securities brokerage services and 401(k) and retirement plan services. The company was founded by Edward Joseph Wehmer on December 30, 1992 and is headquartered in Rosemont, IL.
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