Wintrust Financial (NASDAQ:WTFC) Rating Increased to Hold at StockNews.com

Wintrust Financial (NASDAQ:WTFC) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Several other equities research analysts have also commented on the stock. Truist Financial boosted their price objective on shares of Wintrust Financial from $111.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Raymond James boosted their price objective on shares of Wintrust Financial from $95.00 to $115.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 19th. Stephens reissued an “overweight” rating and set a $110.00 price objective on shares of Wintrust Financial in a research note on Tuesday. Wedbush reaffirmed an “outperform” rating and issued a $116.00 target price on shares of Wintrust Financial in a report on Thursday. Finally, Royal Bank of Canada lifted their target price on shares of Wintrust Financial from $109.00 to $116.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $113.33.

Wintrust Financial Trading Up 0.4 %

Shares of WTFC traded up $0.34 during trading hours on Thursday, reaching $95.30. 765,331 shares of the company traded hands, compared to its average volume of 418,015. The company’s fifty day moving average price is $98.11 and its two-hundred day moving average price is $90.57. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 9.95 and a beta of 1.21. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.73. Wintrust Financial has a 12 month low of $58.12 and a 12 month high of $105.29.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Wednesday, April 17th. The bank reported $2.89 EPS for the quarter, topping the consensus estimate of $2.42 by $0.47. Wintrust Financial had a net margin of 18.71% and a return on equity of 13.23%. The business had revenue of $604.77 million for the quarter, compared to analyst estimates of $577.80 million. During the same quarter in the previous year, the firm posted $2.80 earnings per share. Wintrust Financial’s quarterly revenue was up 6.9% on a year-over-year basis. Equities research analysts predict that Wintrust Financial will post 9.9 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Edward J. Wehmer sold 9,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the completion of the sale, the insider now directly owns 177,124 shares in the company, valued at $17,599,040.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Jeffrey D. Hahnfeld sold 588 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total transaction 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 $333,770.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edward J. Wehmer sold 9,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $99.36, for a total transaction of $943,920.00. Following the completion of the transaction, 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. 1.47% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Wintrust Financial

A number of hedge funds have recently modified their holdings of the company. State of Michigan Retirement System boosted its position in shares of Wintrust Financial by 2.7% in the first quarter. State of Michigan Retirement System now owns 15,063 shares of the bank’s stock worth $1,572,000 after purchasing an additional 400 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Wintrust Financial by 157.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 190,416 shares of the bank’s stock worth $19,878,000 after purchasing an additional 116,503 shares during the period. Oliver Luxxe Assets LLC boosted its position in shares of Wintrust Financial by 1.7% in the first quarter. Oliver Luxxe Assets LLC now owns 9,290 shares of the bank’s stock worth $970,000 after purchasing an additional 157 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Wintrust Financial by 8.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,234 shares of the bank’s stock worth $651,000 after purchasing an additional 498 shares during the period. Finally, CHICAGO TRUST Co NA boosted its position in shares of Wintrust Financial by 15.7% in the first quarter. CHICAGO TRUST Co NA now owns 21,107 shares of the bank’s stock worth $2,203,000 after purchasing an additional 2,870 shares during the period. 93.48% of the stock is currently owned by 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.