Zacks Investment Research downgraded Wintrust Financial Corp (NASDAQ:WTFC) to Hold in a report released today.
- Updated: September 21, 2016
Zacks Investment Research has downgraded Wintrust Financial Corp (NASDAQ:WTFC) to Hold in a report released on 9/22/2016.
Previously on 08/24/2016, Hovde Group reported about Wintrust Financial Corp (NASDAQ:WTFC) raised the target price from $0.00 to $59.00. At the time, this indicated a possible upside of 0.08%.
Yesterday Wintrust Financial Corp (NASDAQ:WTFC) traded 0.05% higher at $54.95. The company’s 50-day moving average is $54.59 and its 200-day moving average is $50.76. The last stock close price is up 8.32% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 3,469 shares of the stock were exchanged, down from an average trading volume of 295,881
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Wintrust Financial Corp has a 52 week low of $37.96 and a 52 week high of $56.03 with a P/E ratio of 17.55 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 10 firms have reported on the stock. The consensus target price is $54.95 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Wintrust Financial Corp (NASDAQ:WTFC)
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company provides community-oriented, personal and commercial banking services to customers located in the Chicago metropolitan area and in southeastern Wisconsin through its banking subsidiaries (the banks). Its subsidiary, First Insurance Funding Corporation (FIFC), is engaged in the premium finance receivables business, including commercial insurance premium finance and life insurance premium finance. It is also engaged in commercial insurance premium finance in Canada through its subsidiary, First Insurance Funding of Canada (FIFC Canada). The Company provides wealth management services to customers 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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