Wintrust Financial’s (WTFC) Buy Rating Reaffirmed at DA Davidson

Wintrust Financial (NASDAQ:WTFC)‘s stock had its “buy” rating reaffirmed by equities researchers at DA Davidson in a research note issued on Tuesday,Benzinga reports. They currently have a $165.00 price objective on the bank’s stock. DA Davidson’s price objective points to a potential upside of 10.89% from the stock’s current price.

Several other research firms also recently commented on WTFC. UBS Group reaffirmed a “buy” rating and set a $176.00 price objective on shares of Wintrust Financial in a research report on Wednesday, February 4th. Royal Bank Of Canada boosted their target price on Wintrust Financial from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Piper Sandler upped their price target on Wintrust Financial from $161.00 to $184.00 and gave the stock an “overweight” rating in a research note on Thursday, January 22nd. Barclays increased their price target on Wintrust Financial from $178.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. Finally, Stephens assumed coverage on shares of Wintrust Financial in a research report on Friday, March 27th. They issued an “equal weight” rating and a $160.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $163.08.

Wintrust Financial Trading Up 0.4%

NASDAQ WTFC opened at $148.79 on Tuesday. The firm’s fifty day moving average is $142.95 and its two-hundred day moving average is $139.63. Wintrust Financial has a one year low of $100.37 and a one year high of $162.96. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.99 and a current ratio of 1.00. The firm has a market cap of $10.03 billion, a PE ratio of 13.05 and a beta of 0.86.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, April 20th. The bank reported $3.22 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.26. Wintrust Financial had a net margin of 19.48% and a return on equity of 12.95%. The business had revenue of $713.17 million during the quarter, compared to the consensus estimate of $707.23 million. During the same quarter in the prior year, the firm earned $2.69 earnings per share. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. Analysts expect that Wintrust Financial will post 12.38 earnings per share for the current year.

Insider Buying and Selling at Wintrust Financial

In other news, insider David Eric Lee sold 558 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $147.42, for a total value of $82,260.36. Following the completion of the sale, the insider directly owned 16,085 shares of the company’s stock, valued at $2,371,250.70. This trade represents a 3.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David L. Stoehr sold 2,499 shares of Wintrust Financial stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $146.16, for a total value of $365,253.84. Following the completion of the sale, the chief financial officer owned 18,638 shares in the company, valued at approximately $2,724,130.08. This trade represents a 11.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 11,662 shares of company stock worth $1,705,730. 1.01% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Wintrust Financial

Institutional investors and hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP increased its holdings in shares of Wintrust Financial by 5.4% in the 3rd quarter. First Trust Advisors LP now owns 1,992,906 shares of the bank’s stock valued at $263,940,000 after purchasing an additional 102,833 shares in the last quarter. Earnest Partners LLC boosted its holdings in Wintrust Financial by 0.6% during the third quarter. Earnest Partners LLC now owns 1,442,018 shares of the bank’s stock worth $190,981,000 after buying an additional 8,048 shares in the last quarter. Principal Financial Group Inc. grew its position in Wintrust Financial by 6.1% during the third quarter. Principal Financial Group Inc. now owns 1,300,234 shares of the bank’s stock worth $172,204,000 after buying an additional 75,155 shares during the period. Geode Capital Management LLC grew its position in Wintrust Financial by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,273,042 shares of the bank’s stock worth $178,038,000 after buying an additional 16,997 shares during the period. Finally, Bank of America Corp DE increased its holdings in Wintrust Financial by 1.4% in the third quarter. Bank of America Corp DE now owns 1,071,763 shares of the bank’s stock valued at $141,944,000 after buying an additional 15,044 shares in the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

About Wintrust Financial

Wintrust Financial Corporation is a Chicago?area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid?size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.