Weiss Ratings Reaffirms Buy (B-) Rating for Wintrust Financial (NASDAQ:WTFC)

Wintrust Financial (NASDAQ:WTFC)‘s stock had its “buy (b-)” rating reissued by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other brokerages have also issued reports on WTFC. Wall Street Zen raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Truist Financial boosted their price target on shares of Wintrust Financial from $137.00 to $151.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Keefe, Bruyette & Woods boosted their price target on shares of Wintrust Financial from $130.00 to $138.00 and gave the company a “market perform” rating in a report on Wednesday, July 23rd. Cowen started coverage on shares of Wintrust Financial in a report on Wednesday, September 24th. They issued a “buy” rating on the stock. Finally, Piper Sandler reissued an “overweight” rating and issued a $160.00 price target (up previously from $141.00) on shares of Wintrust Financial in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $149.57.

Wintrust Financial Trading Down 0.1%

Shares of WTFC stock opened at $131.42 on Wednesday. Wintrust Financial has a 1 year low of $89.10 and a 1 year high of $142.04. The firm’s fifty day simple moving average is $132.20 and its 200 day simple moving average is $123.17. The firm has a market capitalization of $8.80 billion, a P/E ratio of 12.43 and a beta of 0.83. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, July 21st. The bank reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.19. Wintrust Financial had a net margin of 18.06% and a return on equity of 12.08%. The business had revenue of $670.78 million for the quarter, compared to analyst estimates of $661.43 million. During the same quarter in the previous year, the firm posted $2.32 earnings per share. As a group, sell-side analysts predict that Wintrust Financial will post 10.36 EPS for the current year.

Insider Activity

In other news, COO David A. Dykstra sold 14,942 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $131.53, for a total value of $1,965,321.26. Following the sale, the chief operating officer owned 182,208 shares of the company’s stock, valued at approximately $23,965,818.24. This represents a 7.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward J. Wehmer purchased 3,919 shares of Wintrust Financial stock in a transaction that occurred on Friday, July 25th. The shares were bought at an average price of $26.35 per share, for a total transaction of $103,265.65. Following the transaction, the insider owned 3,919 shares in the company, valued at $103,265.65. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.01% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in WTFC. Merit Financial Group LLC lifted its position in Wintrust Financial by 8.9% during the 1st quarter. Merit Financial Group LLC now owns 2,295 shares of the bank’s stock worth $258,000 after buying an additional 187 shares in the last quarter. UMB Bank n.a. lifted its position in Wintrust Financial by 28.8% during the 1st quarter. UMB Bank n.a. now owns 872 shares of the bank’s stock worth $98,000 after buying an additional 195 shares in the last quarter. GAMMA Investing LLC lifted its position in Wintrust Financial by 89.8% during the 1st quarter. GAMMA Investing LLC now owns 2,384 shares of the bank’s stock worth $268,000 after buying an additional 1,128 shares in the last quarter. Simplicity Wealth LLC acquired a new position in Wintrust Financial during the 1st quarter worth about $567,000. Finally, SG Americas Securities LLC acquired a new position in Wintrust Financial during the 1st quarter worth about $403,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

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.