Wintrust Financial (NASDAQ:WTFC) Rating Reiterated by Stephens

Wintrust Financial (NASDAQ:WTFC)‘s stock had its “overweight” rating reaffirmed by analysts at Stephens in a report issued on Tuesday, Benzinga reports. They presently have a $110.00 price objective on the bank’s stock. Stephens’ target price would suggest a potential upside of 15.84% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Barclays began coverage on Wintrust Financial in a research report on Friday, March 8th. They set an “overweight” rating and a $135.00 price target on the stock. Royal Bank of Canada raised their price objective on Wintrust Financial from $109.00 to $116.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. StockNews.com downgraded Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Sunday, March 31st. Keefe, Bruyette & Woods raised their price objective on Wintrust Financial from $103.00 to $106.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. Finally, Truist Financial raised their price objective on Wintrust Financial from $111.00 to $117.00 and gave the company a “buy” rating in a research report on Monday, April 1st. 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $112.83.

Wintrust Financial Price Performance

WTFC opened at $94.96 on Tuesday. Wintrust Financial has a 12-month low of $58.12 and a 12-month high of $105.29. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.73. The business’s fifty day simple moving average is $98.06 and its 200-day simple moving average is $90.54. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 9.91 and a beta of 1.21.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly 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). Wintrust Financial had a return on equity of 13.23% and a net margin of 18.71%. The firm had revenue of $570.80 million for the quarter, compared to the consensus estimate of $578.89 million. During the same period in the previous year, the company posted $2.23 EPS. On average, equities research analysts anticipate that Wintrust Financial will post 9.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Wintrust Financial

In other news, EVP Jeffrey D. Hahnfeld sold 588 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 3,410 shares in the company, valued at $333,770.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Jeffrey D. Hahnfeld sold 588 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 3,410 shares in the company, valued at $333,770.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Edward J. Wehmer sold 9,500 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $99.36, for a total value of $943,920.00. Following the completion of the transaction, 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 company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in Wintrust Financial by 2.0% during the first quarter. BlackRock Inc. now owns 6,156,440 shares of the bank’s stock valued at $449,112,000 after acquiring an additional 119,790 shares in the last quarter. Vanguard Group Inc. grew its holdings in Wintrust Financial by 1.9% in the third quarter. Vanguard Group Inc. now owns 5,928,458 shares of the bank’s stock valued at $483,466,000 after purchasing an additional 109,995 shares during the period. FMR LLC grew its holdings in Wintrust Financial by 11.5% in the third quarter. FMR LLC now owns 4,651,381 shares of the bank’s stock valued at $351,179,000 after purchasing an additional 480,942 shares during the period. Dimensional Fund Advisors LP grew its holdings in Wintrust Financial by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,866,032 shares of the bank’s stock valued at $265,829,000 after purchasing an additional 80,526 shares during the period. Finally, State Street Corp grew its holdings in Wintrust Financial by 4.2% in the second quarter. State Street Corp now owns 2,795,528 shares of the bank’s stock valued at $203,011,000 after purchasing an additional 112,337 shares during the period. 93.48% of the stock is currently 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.