Wintrust Financial (NASDAQ:WTFC) had its target price decreased by Stephens from $78.00 to $74.00 in a report issued on Thursday morning, BenzingaRatingsTable reports. Stephens currently has an overweight rating on the bank’s stock.
Several other research firms also recently weighed in on WTFC. Piper Sandler reiterated a neutral rating and set a $72.00 target price on shares of Wintrust Financial in a research report on Tuesday, January 14th. SunTrust Banks cut their price target on Wintrust Financial from $76.00 to $72.00 and set a hold rating for the company in a research note on Monday, December 9th. UBS Group decreased their price target on Wintrust Financial from $72.00 to $67.00 and set a neutral rating on the stock in a report on Monday, October 21st. ValuEngine upgraded Wintrust Financial from a sell rating to a hold rating in a research report on Friday, January 3rd. Finally, Wedbush dropped their price objective on Wintrust Financial from $80.00 to $75.00 and set an outperform rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Wintrust Financial presently has an average rating of Hold and a consensus price target of $74.90.
Shares of NASDAQ WTFC traded down $0.62 during midday trading on Thursday, hitting $64.09. 531,035 shares of the company’s stock traded hands, compared to its average volume of 411,234. The firm has a fifty day moving average of $69.50 and a 200 day moving average of $66.73. Wintrust Financial has a 1 year low of $59.34 and a 1 year high of $78.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.99 and a current ratio of 0.98. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 10.63 and a beta of 1.11.
Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $1.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.58 by ($0.14). The business had revenue of $374.10 million for the quarter, compared to analysts’ expectations of $375.76 million. Wintrust Financial had a return on equity of 10.50% and a net margin of 19.85%. The company’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.35 EPS. On average, equities analysts anticipate that Wintrust Financial will post 6.17 earnings per share for the current year.
In other Wintrust Financial news, Director Gary D. Sweeney purchased 786 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average price of $63.60 per share, with a total value of $49,989.60. Following the acquisition, the director now owns 5,178 shares in the company, valued at $329,320.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.58% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AdvisorNet Financial Inc purchased a new stake in Wintrust Financial during the 3rd quarter valued at $71,000. River & Mercantile Asset Management LLP purchased a new position in Wintrust Financial during the second quarter worth $135,000. Ladenburg Thalmann Financial Services Inc. increased its position in Wintrust Financial by 31.9% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,237 shares of the bank’s stock valued at $164,000 after acquiring an additional 541 shares during the last quarter. Gradient Investments LLC bought a new position in Wintrust Financial during the third quarter valued at $191,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Wintrust Financial by 9.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,466 shares of the bank’s stock valued at $224,000 after acquiring an additional 307 shares during the last quarter. 86.88% of the stock is currently owned by hedge funds and other institutional investors.
About Wintrust Financial
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.
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