Wintrust Financial’s (WTFC) Outperform Rating Reaffirmed at Wedbush

Wintrust Financial (NASDAQ:WTFC)‘s stock had its “outperform” rating reissued by Wedbush in a report released on Thursday, Benzinga reports. They currently have a $116.00 price objective on the bank’s stock. Wedbush’s price objective points to a potential upside of 22.16% from the company’s previous close.

Several other research analysts have also issued reports on the company. Barclays started coverage on Wintrust Financial in a research report on Friday, March 8th. They issued an “overweight” rating and a $135.00 price target on the stock. StockNews.com lowered Wintrust Financial from a “hold” rating to a “sell” rating in a report on Sunday, March 31st. Truist Financial lifted their target price on Wintrust Financial from $111.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Stephens reissued an “overweight” rating and issued a $110.00 price target on shares of Wintrust Financial in a research note on Tuesday. Finally, Jefferies Financial Group lifted their price target on Wintrust Financial from $114.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $113.33.

Wintrust Financial Stock Up 0.5 %

NASDAQ:WTFC opened at $94.96 on Thursday. Wintrust Financial has a 12-month low of $58.12 and a 12-month high of $105.29. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $5.86 billion, a P/E ratio of 9.91 and a beta of 1.21. The stock’s fifty day simple moving average is $98.06 and its 200-day simple moving average is $90.54.

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

Insider Activity at Wintrust Financial

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 stock was sold at an average price of $99.36, for a total value 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 filing with the SEC, which is available at this link. In related news, EVP Jeffrey D. Hahnfeld sold 588 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward J. Wehmer sold 9,500 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total value of $943,920.00. Following the completion of the sale, 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 currently owned by corporate insiders.

Institutional Trading of Wintrust Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Johnson Financial Group Inc. bought a new stake in Wintrust Financial during the fourth quarter valued at $25,000. Opal Wealth Advisors LLC bought a new stake in Wintrust Financial during the first quarter valued at $27,000. Belpointe Asset Management LLC boosted its position in shares of Wintrust Financial by 106.2% during the 1st quarter. Belpointe Asset Management LLC now owns 365 shares of the bank’s stock worth $27,000 after purchasing an additional 188 shares in the last quarter. Quent Capital LLC boosted its position in shares of Wintrust Financial by 120.8% during the 4th quarter. Quent Capital LLC now owns 351 shares of the bank’s stock worth $33,000 after purchasing an additional 192 shares in the last quarter. Finally, GAMMA Investing LLC bought a new position in shares of Wintrust Financial during the 4th quarter worth about $41,000. 93.48% of the stock is currently owned by institutional investors and hedge funds.

About Wintrust Financial

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.