In a report released yesterday, Jon Arfstrom from RBC Capital maintained a Buy rating on Wintrust Financial (WTFC – Research Report), with a price target of $116.00. The company’s shares closed yesterday at $95.30.
According to TipRanks, Arfstrom is a 5-star analyst with an average return of 12.8% and a 52.20% success rate. Arfstrom covers the Financial sector, focusing on stocks such as NY Community, BankUnited, and Capital One Financial.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Wintrust Financial with a $117.13 average price target, which is a 22.91% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $130.00 price target.
The company has a one-year high of $105.29 and a one-year low of $56.91. Currently, Wintrust Financial has an average volume of 400.4K.
Based on the recent corporate insider activity of 88 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.
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 (WTFC) Company Description:
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.
Read More on WTFC:
- Wintrust Financial reports Q1 EPS $2.89, consensus $2.42
- Wintrust Financial Corporation and Macatawa Bank Corporation Announce Plans to Merge
- Wintrust Financial to acquire Macatawa Bank in all-stock transaction
- WTFC Upcoming Earnings Report: What to Expect?
- Wintrust Financial price target raised to $120 from $114 at Jefferies
