Wintrust Financial (NASDAQ:WTFC – Get Free Report) had its price objective upped by investment analysts at Piper Sandler from $186.00 to $195.00 in a report issued on Monday, Marketbeat Ratings reports. The brokerage currently has an “overweight” rating on the bank’s stock. Piper Sandler’s price objective indicates a potential upside of 34.54% from the company’s current price.
WTFC has been the topic of a number of other reports. UBS Group reaffirmed a “neutral” rating and set a $170.00 price target on shares of Wintrust Financial in a report on Tuesday, July 7th. Barclays lifted their price objective on Wintrust Financial from $190.00 to $192.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Raymond James Financial assumed coverage on Wintrust Financial in a research report on Tuesday, July 7th. They issued an “outperform” rating and a $180.00 target price for the company. DA Davidson upped their target price on shares of Wintrust Financial from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Finally, Brean Capital downgraded shares of Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 price target on the stock. in a report on Tuesday, July 21st. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Wintrust Financial presently has a consensus rating of “Moderate Buy” and an average price target of $176.29.
Check Out Our Latest Stock Report on WTFC
Wintrust Financial Price Performance
Wintrust Financial (NASDAQ:WTFC – Get Free Report) last issued its earnings results on Monday, July 20th. The bank reported $3.30 EPS for the quarter, beating the consensus estimate of $3.15 by $0.15. The business had revenue of $738.63 million for the quarter, compared to the consensus estimate of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The company’s revenue was up 10.1% compared to the same quarter last year. During the same period last year, the business posted $2.78 EPS. As a group, research analysts expect that Wintrust Financial will post 13.07 EPS for the current fiscal year.
Insider Buying and Selling
In other Wintrust Financial news, COO David Dykstra sold 13,515 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following the completion of the sale, the chief operating officer directly owned 166,449 shares of the company’s stock, valued at approximately $27,092,903.73. This represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.24% of the company’s stock.
Institutional Investors Weigh In On Wintrust Financial
A number of hedge funds have recently modified their holdings of WTFC. Bank of America Corp DE bought a new stake in shares of Wintrust Financial during the 2nd quarter valued at $168,021,000. Deutsche Bank AG bought a new position in Wintrust Financial in the 2nd quarter worth $8,320,000. Corient Private Wealth LP boosted its holdings in Wintrust Financial by 12.2% in the 2nd quarter. Corient Private Wealth LP now owns 56,983 shares of the bank’s stock worth $9,158,000 after buying an additional 6,214 shares during the period. Simplicity Wealth LLC purchased a new stake in Wintrust Financial in the 2nd quarter worth $866,000. Finally, GSA Capital Partners LLP purchased a new stake in Wintrust Financial in the 2nd quarter worth $1,437,000. Institutional investors own 93.48% of the company’s stock.
Wintrust Financial Company Profile
Wintrust Financial Corporation (NASDAQ: WTFC) is a financial holding company headquartered in Rosemont, Illinois. Founded in 1991, the company operates a network of community banks serving individuals, families and businesses primarily in the Chicago metropolitan area, southern Wisconsin and northwest Indiana.
Wintrust’s banking subsidiaries provide deposit accounts, commercial and consumer lending, residential mortgages, treasury management, trust and investment services, and other traditional banking products.
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