Citigroup Trims Wintrust Financial (NASDAQ:WTFC) Target Price to $113.00

Wintrust Financial (NASDAQ:WTFC) had its price objective dropped by stock analysts at Citigroup from $115.00 to $113.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the bank’s stock. Citigroup’s target price indicates a potential upside of 13.14% from the stock’s previous close.

Several other brokerages have also recently issued reports on WTFC. Royal Bank of Canada boosted their price objective on Wintrust Financial from $109.00 to $116.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. Barclays reduced their price target on Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Wedbush reaffirmed an “outperform” rating and issued a $116.00 price target on shares of Wintrust Financial in a report on Thursday, April 18th. StockNews.com raised Wintrust Financial from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. Finally, Jefferies Financial Group boosted their price objective on Wintrust Financial from $114.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $112.33.

Wintrust Financial Stock Up 0.6 %

Shares of WTFC stock opened at $99.88 on Monday. Wintrust Financial has a 1-year low of $58.12 and a 1-year high of $105.29. The stock’s fifty day moving average price is $98.38 and its 200 day moving average price is $91.33. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.98 and a quick ratio of 0.97. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 10.33 and a beta of 1.21.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Thursday, April 18th. The bank reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.47. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. The company had revenue of $604.77 million during the quarter, compared to analysts’ expectations of $577.80 million. During the same quarter in the previous year, the firm posted $2.80 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. On average, research analysts expect that Wintrust Financial will post 10.02 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Jeffrey D. Hahnfeld sold 588 shares of the company’s stock in a transaction that occurred 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 $333,770.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Jeffrey D. Hahnfeld sold 588 shares of the 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 sale, the executive vice president now directly owns 3,410 shares in the company, valued at $333,770.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Edward J. Wehmer sold 9,500 shares of the 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 completion of the transaction, the insider now directly owns 177,124 shares in the company, valued at approximately $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 hedge funds have recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina lifted its position in Wintrust Financial by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 26,713 shares of the bank’s stock valued at $2,017,000 after purchasing an additional 140 shares during the period. Signaturefd LLC lifted its position in Wintrust Financial by 5.3% in the third quarter. Signaturefd LLC now owns 3,028 shares of the bank’s stock valued at $229,000 after purchasing an additional 153 shares during the period. Oliver Luxxe Assets LLC lifted its position in Wintrust Financial by 1.7% in the first quarter. Oliver Luxxe Assets LLC now owns 9,290 shares of the bank’s stock valued at $970,000 after purchasing an additional 157 shares during the period. Huntington National Bank lifted its position in Wintrust Financial by 30.6% in the third quarter. Huntington National Bank now owns 725 shares of the bank’s stock valued at $55,000 after purchasing an additional 170 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in Wintrust Financial by 21.7% in the third quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the bank’s stock valued at $78,000 after purchasing an additional 183 shares during the period. 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.