Wintrust Financial (NASDAQ:WTFC) Given Strong-Buy Rating at Raymond James

Wintrust Financial (NASDAQ:WTFC)‘s stock had its “strong-buy” rating reissued by analysts at Raymond James in a report released on Thursday,Benzinga reports. They currently have a $150.00 price target on the bank’s stock, up from their prior price target of $135.00. Raymond James’ target price indicates a potential upside of 12.37% from the stock’s current price.

Several other equities analysts have also recently weighed in on WTFC. DA Davidson increased their price target on Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Truist Financial raised shares of Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. Piper Sandler raised their target price on shares of Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Barclays boosted their price target on shares of Wintrust Financial from $151.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Citigroup lifted their target price on Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Wintrust Financial presently has an average rating of “Moderate Buy” and an average price target of $129.46.

Wintrust Financial Stock Performance

Shares of WTFC opened at $133.49 on Thursday. Wintrust Financial has a 12 month low of $89.68 and a 12 month high of $142.04. The business’s fifty day simple moving average is $131.06 and its two-hundred day simple moving average is $116.32. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73. The company has a market cap of $8.88 billion, a price-to-earnings ratio of 13.03 and a beta of 1.20.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.92% and a net margin of 17.52%. During the same period last year, the business posted $1.87 earnings per share. Research analysts anticipate that Wintrust Financial will post 10.17 earnings per share for the current fiscal year.

Insider Activity at Wintrust Financial

In other news, insider Richard B. Murphy sold 4,099 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total transaction of $473,967.37. Following the completion of the sale, the insider now owns 42,311 shares in the company, valued at approximately $4,892,420.93. This represents a 8.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO David A. Dykstra sold 15,492 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total value of $1,789,016.16. Following the completion of the sale, the chief operating officer now directly owns 197,591 shares of the company’s stock, valued at approximately $22,817,808.68. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Wintrust Financial

Large investors have recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of Wintrust Financial in the 3rd quarter valued at $35,000. UMB Bank n.a. lifted its position in Wintrust Financial by 62.0% during the third quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after purchasing an additional 196 shares during the period. Versant Capital Management Inc boosted its holdings in Wintrust Financial by 32.1% in the fourth quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock valued at $67,000 after purchasing an additional 131 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Wintrust Financial during the 3rd quarter worth about $61,000. Finally, Covestor Ltd raised its stake in shares of Wintrust Financial by 77.9% during the 3rd quarter. Covestor Ltd now owns 653 shares of the bank’s stock valued at $71,000 after buying an additional 286 shares during the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

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.