KBW Gives a Buy Rating to Wintrust Financial Corp

By Ryan Adsit

KBW analyst Christopher Mcgratty reiterated a Buy rating on Wintrust Financial Corp (NASDAQ: WTFC) yesterday and set a price target of $74. The company’s shares closed yesterday at $66.95.

According to TipRanks.com, Mcgratty is a 5-star analyst with an average return of 13.6% and a 66.7% success rate. Mcgratty covers the Financial sector, focusing on stocks such as Enterprise Financial Services Corp, Carolina Financial Corporation, and First Connecticut Bancorp Inc.

Wintrust Financial Corp has an analyst consensus of Moderate Buy, with a price target consensus of $77.

Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2017, Edward Wehmer, the President of WTFC sold 14,883 shares for a total of $1,073,957.

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 offers personal and commercial banking services such as equities, consumer and mortgage loans, safe deposits, savings and checking accounts, and automated teller machines. The Specialty Finance segment includes commercial and life insurance premiums. The Wealth Management segment provides services in asset brokerage, trust and investment, and asset management. The company was founded by Edward J. Wehmer on December 30, 1992 and is headquartered in Rosemont, IL.