Wintrust Financial’s (WTFC) “Overweight” Rating Reiterated at Piper Sandler

Wintrust Financial (NASDAQ:WTFC)‘s stock had its “overweight” rating reissued by research analysts at Piper Sandler in a report released on Wednesday,Benzinga reports. They presently have a $188.00 target price on the bank’s stock, up from their previous target price of $184.00. Piper Sandler’s price objective would suggest a potential upside of 24.89% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Truist Financial reduced their price target on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Royal Bank Of Canada upped their price objective on shares of Wintrust Financial from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Stephens started coverage on shares of Wintrust Financial in a report on Friday, March 27th. They set an “equal weight” rating and a $160.00 target price on the stock. Citigroup lifted their target price on shares of Wintrust Financial from $167.00 to $178.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, TD Cowen boosted their price target on shares of Wintrust Financial from $170.00 to $177.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $163.38.

Wintrust Financial Trading Up 0.2%

Shares of WTFC stock opened at $150.54 on Wednesday. The business has a 50-day moving average price of $142.83 and a two-hundred day moving average price of $139.77. Wintrust Financial has a 12-month low of $106.82 and a 12-month high of $162.96. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The firm has a market cap of $10.15 billion, a P/E ratio of 12.67 and a beta of 0.86.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, April 20th. The bank reported $3.22 EPS for the quarter, beating the consensus estimate of $2.96 by $0.26. The firm had revenue of $713.17 million for the quarter, compared to analyst estimates of $707.23 million. Wintrust Financial had a return on equity of 13.32% and a net margin of 20.11%.The company’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.69 EPS. Equities analysts anticipate that Wintrust Financial will post 12.38 EPS for the current fiscal year.

Insider Transactions at Wintrust Financial

In other news, insider Richard B. Murphy sold 3,291 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $146.05, for a total value of $480,650.55. Following the transaction, the insider owned 46,049 shares in the company, valued at approximately $6,725,456.45. This trade represents a 6.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David Eric Lee sold 558 shares of Wintrust Financial stock in a transaction on Friday, January 30th. The stock was sold at an average price of $147.42, for a total transaction of $82,260.36. Following the completion of the transaction, the insider directly owned 16,085 shares in the company, valued at approximately $2,371,250.70. The trade was a 3.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 11,662 shares of company stock valued at $1,705,730. 1.01% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Wintrust Financial

Several hedge funds and other institutional investors have recently modified their holdings of the company. Root Financial Partners LLC purchased a new stake in shares of Wintrust Financial during the third quarter worth about $27,000. Advisors Asset Management Inc. purchased a new position in Wintrust Financial during the 1st quarter valued at about $27,000. Elyxium Wealth LLC bought a new position in Wintrust Financial during the 4th quarter valued at approximately $31,000. Creative Financial Designs Inc. ADV raised its position in Wintrust Financial by 231.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock valued at $32,000 after purchasing an additional 160 shares during the last quarter. Finally, Harbour Investments Inc. lifted its holdings in Wintrust Financial by 72.7% in the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after buying an additional 101 shares during the period. 93.48% of the stock is owned by institutional investors.

Wintrust Financial Company Profile

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.