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

Wintrust Financial (NASDAQ:WTFC)‘s stock had its “overweight” rating restated by equities researchers at Stephens in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $110.00 target price on the bank’s stock. Stephens’ target price would indicate a potential upside of 14.27% from the company’s current price.

Other research analysts have also issued research reports about the company. UBS Group boosted their price target on Wintrust Financial from $105.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Keefe, Bruyette & Woods boosted their price target on Wintrust Financial from $103.00 to $106.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. Jefferies Financial Group boosted their target price on Wintrust Financial from $114.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Truist Financial boosted their target price on Wintrust Financial from $111.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Finally, Raymond James boosted their target price on Wintrust Financial from $95.00 to $115.00 and gave the stock a “strong-buy” rating in a report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Wintrust Financial has a consensus rating of “Moderate Buy” and a consensus target price of $112.83.

Wintrust Financial Stock Down 0.8 %

Shares of Wintrust Financial stock opened at $96.26 on Tuesday. The business’s 50 day simple moving average is $97.94 and its 200 day simple moving average is $90.38. Wintrust Financial has a 52-week low of $58.12 and a 52-week high of $105.29. The firm has a market cap of $5.94 billion, a PE ratio of 10.05 and a beta of 1.21. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.99 and a current ratio of 0.99.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results 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 firm had revenue of $570.80 million during the quarter, compared to analyst estimates of $578.89 million. Wintrust Financial had a net margin of 18.71% and a return on equity of 13.23%. During the same period in the prior year, the business posted $2.23 EPS. On average, analysts predict that Wintrust Financial will post 9.9 earnings per share for the current fiscal year.

Insider Activity at Wintrust Financial

In related news, EVP Jeffrey D. Hahnfeld sold 588 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total value of $57,553.44. Following the completion of the sale, the executive vice president now directly owns 3,410 shares in the company, valued at approximately $333,770.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Jeffrey D. Hahnfeld sold 588 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total transaction of $57,553.44. Following the completion of the sale, the executive vice president now directly owns 3,410 shares in the company, valued at approximately $333,770.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Edward J. Wehmer sold 9,500 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total value of $943,920.00. Following the sale, the insider now owns 177,124 shares of the company’s stock, valued at $17,599,040.64. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Wintrust Financial

A number of institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Wintrust Financial by 8.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,234 shares of the bank’s stock worth $651,000 after buying an additional 498 shares in the last quarter. CHICAGO TRUST Co NA raised its holdings in shares of Wintrust Financial by 15.7% during the 1st quarter. CHICAGO TRUST Co NA now owns 21,107 shares of the bank’s stock worth $2,203,000 after buying an additional 2,870 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Wintrust Financial during the 1st quarter worth $27,000. DHJJ Financial Advisors Ltd. raised its holdings in shares of Wintrust Financial by 70.0% during the 1st quarter. DHJJ Financial Advisors Ltd. now owns 488 shares of the bank’s stock worth $51,000 after buying an additional 201 shares in the last quarter. Finally, Park Avenue Securities LLC increased its holdings in Wintrust Financial by 17.8% in the 1st quarter. Park Avenue Securities LLC now owns 6,620 shares of the bank’s stock worth $691,000 after purchasing an additional 998 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

About Wintrust Financial

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.