Wintrust Financial Co. (NASDAQ:WTFC) Receives Consensus Rating of “Buy” from Analysts

Shares of Wintrust Financial Co. (NASDAQ:WTFC) have been given an average rating of “Buy” by the ten research firms that are covering the company, Marketbeat.com reports. Nine research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $112.33.

WTFC has been the topic of a number of analyst reports. UBS Group lifted their price target on Wintrust Financial from $105.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Stephens reiterated an “overweight” rating and issued a $110.00 price target on shares of Wintrust Financial in a report on Tuesday, April 16th. Truist Financial cut their price target on Wintrust Financial from $117.00 to $112.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Raymond James lifted their price target on Wintrust Financial from $95.00 to $115.00 and gave the company a “strong-buy” rating in a report on Friday, January 19th. Finally, Royal Bank of Canada raised their price objective on Wintrust Financial from $109.00 to $116.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th.

Insiders Place Their Bets

In other Wintrust Financial news, insider Edward J. Wehmer sold 9,500 shares of Wintrust Financial stock in a transaction dated 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 sale, the insider now owns 177,124 shares of the company’s stock, valued at approximately $17,599,040.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Wintrust Financial news, EVP Jeffrey D. Hahnfeld sold 588 shares of Wintrust Financial stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total transaction of $57,553.44. Following the completion of the transaction, the executive vice president now owns 3,410 shares in the company, valued at approximately $333,770.80. The transaction 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 Wintrust Financial stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total value of $943,920.00. Following the transaction, the insider now owns 177,124 shares of the company’s stock, valued at approximately $17,599,040.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,309 shares of company stock valued at $1,023,730. 1.47% of the stock is owned by company insiders.

Hedge Funds Weigh In On Wintrust Financial

A number of institutional investors have recently modified their holdings of the stock. Shaker Investments LLC OH raised its stake in shares of Wintrust Financial by 0.3% during the 1st quarter. Shaker Investments LLC OH now owns 34,256 shares of the bank’s stock valued at $3,576,000 after buying an additional 112 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Wintrust Financial by 2.3% during the 1st quarter. Louisiana State Employees Retirement System now owns 17,600 shares of the bank’s stock worth $1,837,000 after buying an additional 400 shares in the last quarter. Hunter Perkins Capital Management LLC purchased a new stake in Wintrust Financial during the 1st quarter worth approximately $668,000. Raymond James & Associates increased its stake in Wintrust Financial by 46.5% during the 1st quarter. Raymond James & Associates now owns 202,381 shares of the bank’s stock worth $21,127,000 after buying an additional 64,256 shares in the last quarter. Finally, State of Michigan Retirement System increased its stake in Wintrust Financial by 2.7% during the 1st quarter. State of Michigan Retirement System now owns 15,063 shares of the bank’s stock worth $1,572,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Trading Down 0.2 %

WTFC opened at $99.01 on Friday. The stock’s fifty day moving average is $98.56 and its two-hundred day moving average is $91.62. The company has a market capitalization of $6.11 billion, a P/E ratio of 10.24 and a beta of 1.21. Wintrust Financial has a 52 week low of $58.12 and a 52 week high of $105.29. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.78.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 EPS for the quarter, topping the consensus estimate of $2.42 by $0.47. The company had revenue of $604.77 million for the quarter, compared to the consensus estimate of $577.80 million. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. Wintrust Financial’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the business posted $2.80 EPS. Analysts forecast that Wintrust Financial will post 10.12 earnings per share for the current year.

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.