Wintrust Financial (NASDAQ:WTFC) Rating Reiterated by Wedbush

Wintrust Financial (NASDAQ:WTFC)‘s stock had its “outperform” rating reiterated by Wedbush in a research report issued on Thursday, Benzinga reports. They presently have a $116.00 price objective on the bank’s stock. Wedbush’s target price would indicate a potential upside of 19.21% from the company’s previous close. Wedbush also issued estimates for Wintrust Financial’s Q2 2024 earnings at $2.47 EPS, Q3 2024 earnings at $2.46 EPS, Q4 2024 earnings at $2.34 EPS, FY2024 earnings at $10.16 EPS, Q2 2025 earnings at $2.52 EPS, Q3 2025 earnings at $2.58 EPS, Q4 2025 earnings at $2.55 EPS and FY2025 earnings at $10.05 EPS.

Several other equities analysts also recently weighed in on the company. Stephens reissued an “overweight” rating and set a $110.00 target price on shares of Wintrust Financial in a research report on Tuesday. StockNews.com downgraded Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Sunday, March 31st. Jefferies Financial Group boosted their target price on Wintrust Financial from $114.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Raymond James boosted their target price on Wintrust Financial from $95.00 to $115.00 and gave the company a “strong-buy” rating in a research report on Friday, January 19th. Finally, Truist Financial boosted their price objective on Wintrust Financial from $111.00 to $117.00 and gave the company a “buy” rating in a report on Monday, April 1st. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $112.92.

Wintrust Financial Stock Performance

NASDAQ:WTFC opened at $97.31 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.99 and a quick ratio of 0.99. Wintrust Financial has a 1 year low of $58.12 and a 1 year high of $105.29. The stock’s 50 day simple moving average is $98.18 and its two-hundred day simple moving average is $90.73. The company has a market cap of $6.01 billion, a price-to-earnings ratio of 10.06 and a beta of 1.21.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.47. The firm had revenue of $604.77 million for the quarter, compared to the consensus estimate of $577.80 million. Wintrust Financial had a return on equity of 13.29% and a net margin of 17.86%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.80 EPS. As a group, equities analysts anticipate that Wintrust Financial will post 9.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Wintrust Financial 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Wintrust Financial 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Edward J. Wehmer sold 9,500 shares of the company’s stock in a transaction on 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 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. Company insiders own 1.47% of the company’s stock.

Institutional Investors Weigh In On Wintrust Financial

Several hedge funds have recently made changes to their positions in WTFC. Opal Wealth Advisors LLC bought a new position in shares of Wintrust Financial in the 1st quarter worth $27,000. Johnson Financial Group Inc. bought a new position in shares of Wintrust Financial in the 4th quarter worth $25,000. Quent Capital LLC raised its position in shares of Wintrust Financial by 120.8% in the 4th quarter. Quent Capital LLC now owns 351 shares of the bank’s stock worth $33,000 after acquiring an additional 192 shares in the last quarter. Belpointe Asset Management LLC raised its position in shares of Wintrust Financial by 106.2% in the 1st quarter. Belpointe Asset Management LLC now owns 365 shares of the bank’s stock worth $27,000 after acquiring an additional 188 shares in the last quarter. Finally, GAMMA Investing LLC bought a new position in shares of Wintrust Financial in the 4th quarter worth $41,000. 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.