Wintrust Financial’s (WTFC) “Overweight” Rating Reaffirmed at Stephens

Wintrust Financial (NASDAQ:WTFC)‘s stock had its “overweight” rating reissued by Stephens in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $110.00 price objective on the bank’s stock. Stephens’ price objective would suggest a potential upside of 14.27% from the company’s current price.

Several other analysts have also recently issued reports on WTFC. Barclays assumed coverage on Wintrust Financial in a research note on Friday, March 8th. They issued an “overweight” rating and a $135.00 target price on the stock. Truist Financial raised their target price on Wintrust Financial from $111.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Keefe, Bruyette & Woods raised their target price on Wintrust Financial from $103.00 to $106.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. Jefferies Financial Group raised their target price on Wintrust Financial from $114.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Finally, Royal Bank of Canada raised their price objective on shares of Wintrust Financial from $109.00 to $116.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $112.83.

Wintrust Financial Trading Down 0.8 %

NASDAQ:WTFC opened at $96.26 on Tuesday. The company has a market cap of $5.94 billion, a P/E ratio of 10.05 and a beta of 1.21. The stock’s fifty day moving average price is $97.94 and its two-hundred day moving average price is $90.38. Wintrust Financial has a 1 year low of $58.12 and a 1 year high of $105.29. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.99 and a quick ratio of 0.99.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Thursday, January 18th. The bank reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.55). The business had revenue of $570.80 million during the quarter, compared to analysts’ expectations of $578.89 million. Wintrust Financial had a return on equity of 13.23% and a net margin of 18.71%. During the same quarter last year, the business posted $2.23 EPS. As a group, analysts expect that Wintrust Financial will post 9.9 EPS for the current year.

Insider Transactions at Wintrust Financial

In related news, insider Edward J. Wehmer sold 9,500 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the sale, the insider now owns 177,124 shares in the company, valued at $17,599,040.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Jeffrey D. Hahnfeld sold 588 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total value of $57,553.44. Following the transaction, the executive vice president now directly owns 3,410 shares of the company’s stock, valued at $333,770.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Edward J. Wehmer sold 9,500 shares of Wintrust Financial stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $99.36, for a total transaction of $943,920.00. Following the transaction, the insider now directly owns 177,124 shares in the company, valued at $17,599,040.64. The disclosure for this sale can be found here. Company insiders own 1.47% of the company’s stock.

Institutional Investors Weigh In On Wintrust Financial

A number of institutional investors and hedge funds have recently made changes to their positions in WTFC. Johnson Financial Group Inc. purchased a new stake in shares of Wintrust Financial in the 4th quarter valued at approximately $25,000. Opal Wealth Advisors LLC purchased a new stake in shares of Wintrust Financial in the 1st quarter valued at approximately $27,000. Belpointe Asset Management LLC raised its stake in shares of Wintrust Financial by 106.2% in the 1st quarter. Belpointe Asset Management LLC now owns 365 shares of the bank’s stock valued at $27,000 after acquiring an additional 188 shares during the period. Quent Capital LLC grew its holdings in shares of Wintrust Financial by 120.8% in the fourth quarter. Quent Capital LLC now owns 351 shares of the bank’s stock valued at $33,000 after purchasing an additional 192 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of Wintrust Financial in the fourth quarter valued at approximately $41,000. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Company Profile

Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services.