Wintrust Financial (NASDAQ:WTFC) Price Target Raised to $190.00 at DA Davidson

Wintrust Financial (NASDAQ:WTFCGet Free Report) had its target price upped by DA Davidson from $185.00 to $190.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the bank’s stock. DA Davidson’s price target indicates a potential upside of 20.02% from the company’s current price.

A number of other analysts also recently commented on the stock. Piper Sandler set a $186.00 target price on shares of Wintrust Financial in a report on Wednesday. TD Cowen raised 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. Brean Capital lowered Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 target price for the company. in a report on Tuesday. UBS Group reaffirmed a “neutral” rating and issued a $170.00 target price on shares of Wintrust Financial in a research report on Tuesday, July 7th. Finally, Raymond James Financial started coverage on Wintrust Financial in a report on Tuesday, July 7th. They set an “outperform” rating and a $180.00 price target on the stock. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $174.43.

Check Out Our Latest Stock Analysis on Wintrust Financial

Wintrust Financial Price Performance

WTFC traded down $0.62 on Wednesday, reaching $158.31. The company had a trading volume of 241,876 shares, compared to its average volume of 506,582. The company has a fifty day moving average of $155.70 and a 200-day moving average of $149.20. The company has a market capitalization of $10.68 billion, a P/E ratio of 12.72 and a beta of 0.84. Wintrust Financial has a one year low of $119.61 and a one year high of $167.21. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last issued its quarterly earnings results on Monday, July 20th. The bank reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.15. Wintrust Financial had a return on equity of 13.52% and a net margin of 20.72%.The firm had revenue of $738.63 million during the quarter, compared to analyst estimates of $735.36 million. During the same period last year, the company posted $2.78 EPS. As a group, equities research analysts anticipate that Wintrust Financial will post 13 earnings per share for the current year.

Insider Activity

In other news, CFO David L. Stoehr sold 3,020 shares of Wintrust Financial stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $150.45, for a total value of $454,359.00. Following the transaction, the chief financial officer directly owned 13,213 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. Also, COO David A. Dykstra sold 9,579 shares of Wintrust Financial stock in a transaction that occurred 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 transaction, 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 a total of 13,099 shares of company stock valued at $1,954,386 over the last 90 days. 1.24% of the stock is currently owned by company insiders.

Institutional Trading of Wintrust Financial

A number of hedge funds have recently bought and sold shares of the stock. Choreo LLC raised its position in shares of Wintrust Financial by 3.4% during the fourth quarter. Choreo LLC now owns 2,121 shares of the bank’s stock worth $299,000 after acquiring an additional 69 shares during the last quarter. Parallel Advisors LLC increased its position in Wintrust Financial by 7.7% in the first quarter. Parallel Advisors LLC now owns 976 shares of the bank’s stock worth $136,000 after purchasing an additional 70 shares during the period. MeadowBrook Investment Advisors LLC boosted its stake in shares of Wintrust Financial by 3.0% in the 1st quarter. MeadowBrook Investment Advisors LLC now owns 2,545 shares of the bank’s stock valued at $354,000 after purchasing an additional 75 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Wintrust Financial by 4.6% during the fourth quarter. GAMMA Investing LLC now owns 1,755 shares of the bank’s stock worth $245,000 after buying an additional 77 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in Wintrust Financial by 0.9% in the fourth quarter. Quadrant Capital Group LLC now owns 8,914 shares of the bank’s stock valued at $1,246,000 after buying an additional 83 shares during the period. 93.48% of the stock is owned by institutional investors.

Wintrust Financial News Roundup

Here are the key news stories impacting Wintrust Financial this week:

About Wintrust Financial

(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.

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