Conservative banking stocks aren't sexy, but they're one bright spot in this uncertain stock market. Among financials, Wintrust Financial stock could be a solid choice and should be on your watch list.
Is Wintrust Financial Stock A Buy?
After clearing a second-stage flat base earlier this year, the stock has pulled back slightly and trading about 1% below a 97.21 buy point. Wintrust Financial has a 96 Relative Strength Rating. See if the stock breaks above the pivot point on strong volume for a secondary entry. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matched up against all other stocks.
History shows that the best stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Wintrust Financial can continue to rebound and hit that benchmark.
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Beats Consensus Estimates
The bank reported quarterly earnings of $1.58 per share, beating Consensus estimates of $1.55 per share. Earnings-per-share growth decreased from $1.63 per share a year ago. The company reported annual net income of $466.2 million.
Wintrust Financial stock has a 91 Composite Rating and earns the No. 20 rank among its peers in the Banks-Midwest industry group. Guaranty Fed Bancshares, Bridgewater Bancshrs and QCR Holdings are among the top 5 highly rated stocks within the group. For more industry news, check out "Banks And Financial Stocks News And Analysis."
