Wintrust Financial (NASDAQ:WTFC) Raised to Moderate Buy at Raymond James Financial

Wintrust Financial (NASDAQ:WTFCGet Free Report) was upgraded by Raymond James Financial to a “moderate buy” rating in a research note issued on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on WTFC. Piper Sandler reissued an “overweight” rating and set a $188.00 price target (up from $184.00) on shares of Wintrust Financial in a research report on Wednesday, April 22nd. Citigroup boosted their price objective on shares of Wintrust Financial from $178.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. DA Davidson reaffirmed a “buy” rating and set a $185.00 price objective on shares of Wintrust Financial in a research note on Tuesday, June 30th. Truist Financial dropped their target price on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Finally, TD Cowen increased their target price on shares of Wintrust Financial from $173.00 to $176.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $172.17.

View Our Latest Research Report on Wintrust Financial

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $158.42 on Tuesday. The company has a market capitalization of $10.69 billion, a P/E ratio of 13.28 and a beta of 0.84. Wintrust Financial has a fifty-two week low of $119.61 and a fifty-two week high of $164.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98. The stock has a 50 day moving average price of $153.52 and a two-hundred day moving average price of $147.92.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last issued its earnings results on Monday, April 20th. The bank reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $0.26. Wintrust Financial had a net margin of 20.11% and a return on equity of 13.15%. The firm had revenue of $713.17 million for the quarter, compared to analysts’ expectations of $707.23 million. During the same quarter last year, the business earned $2.69 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. Analysts expect that Wintrust Financial will post 13.09 earnings per share for the current year.

Insider Buying and Selling

In other Wintrust Financial news, CFO David L. Stoehr sold 3,020 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $150.45, for a total value of $454,359.00. Following the sale, the chief financial officer directly owned 13,213 shares of the company’s stock, valued at approximately $1,987,895.85. The trade was a 18.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO David A. Dykstra sold 9,579 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $148.82, for a total value of $1,425,546.78. Following the completion of the sale, the chief operating officer directly owned 179,810 shares in the company, valued at approximately $26,759,324.20. This represents a 5.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 13,099 shares of company stock worth $1,954,386 in the last 90 days. Insiders own 1.24% of the company’s stock.

Hedge Funds Weigh In On Wintrust Financial

Hedge funds have recently bought and sold shares of the company. First Trust Advisors LP boosted its stake in Wintrust Financial by 26.6% during the 1st quarter. First Trust Advisors LP now owns 1,830,268 shares of the bank’s stock valued at $254,297,000 after purchasing an additional 385,069 shares during the last quarter. Earnest Partners LLC boosted its position in shares of Wintrust Financial by 0.6% during the third quarter. Earnest Partners LLC now owns 1,442,018 shares of the bank’s stock valued at $190,981,000 after buying an additional 8,048 shares during the last quarter. Geode Capital Management LLC lifted its stake in Wintrust Financial by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,273,042 shares of the bank’s stock valued at $178,038,000 after acquiring an additional 16,997 shares during the period. Bank of America Corp DE boosted its holdings in shares of Wintrust Financial by 1.4% during the 3rd quarter. Bank of America Corp DE now owns 1,071,763 shares of the bank’s stock valued at $141,944,000 after acquiring an additional 15,044 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Wintrust Financial by 22.2% during the 4th quarter. Wellington Management Group LLP now owns 832,352 shares of the bank’s stock valued at $116,379,000 after acquiring an additional 151,385 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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