Piper Jaffray Initiates Coverage on Wintrust Financial Corp to Neutral

Piper Jaffray Initiates Coverage on Wintrust Financial Corp(NASDAQ:WTFC). The shares have been rated Neutral. The rating by Piper Jaffray was issued on Jun 10, 2016.

In a different note, DA Davidson said it Initiates Coverage on Wintrust Financial Corp, according to a research note issued on Apr 7, 2016. The shares have been rated ‘Neutral’ by the firm.

Wintrust Financial Corp (WTFC) made into the market gainers list on Wednesdays trading session with the shares advancing 0.50% or 0.25 points. Due to strong positive momentum, the stock ended at $50.26, which is also near the day’s high of $51.33. The stock began the session at $50.17 and the volume stood at 3,45,450 shares. The 52-week high of the shares is $55.79 and the 52 week low is $37.96. The company has a current market capitalization of $2,441 M and it has 4,85,60,301 shares in outstanding.

Wintrust Financial Corp(WTFC) last announced its earnings results on Apr 18, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $240.26M. Analysts had an estimated revenue of $234.58M. Earnings per share were $0.90. Analysts had estimated an EPS of $0.73.

Several Insider Transactions has been reported to the SEC. On Apr 26, 2016, Marla F Glabe (director) purchased 400 shares at $51.70 per share price.Also, On Feb 3, 2016, Gary D Sweeney (director) purchased 945 shares at $39.56 per share price.On Aug 5, 2015, Lisa J Pattis (EVP, GENERAL COUNSEL AND SEC) sold 3,732 shares at $54.37 per share price, according to the Form-4 filing with the securities and exchange commission.

Wintrust Financial Corporation (Wintrust) is a financial holding company. The Company conducts its businesses through three segments: community banking specialty finance and wealth management. It provides community-oriented personal and commercial banking services to customers located in the Chicago metropolitan area and in southeastern Wisconsin through its 15 wholly owned banking subsidiaries as well as the origination and purchase of residential mortgages for sale into the secondary market through Wintrust Mortgage a division of Barrington Bank and Trust Company N.A (Barrington Bank). The Company provides specialty finance services including financing for the payment of commercial insurance premiums and life insurance premiums on a national basis short-term accounts receivable financing and outsourced administrative services.

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