Wintrust Financial (NASDAQ:WTFC) Sets New 1-Year High – What’s Next?

Shares of Wintrust Financial Corporation (NASDAQ:WTFC) reached a new 52-week high on Wednesday . The company traded as high as $164.00 and last traded at $161.45, with a volume of 693426 shares changing hands. The stock had previously closed at $162.79.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Barclays raised their price target on shares of Wintrust Financial from $190.00 to $192.00 and gave the company an “overweight” rating in a research report on Tuesday. TD Cowen lifted their target price on shares of Wintrust Financial from $173.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. UBS Group restated a “neutral” rating and issued a $170.00 target price on shares of Wintrust Financial in a research note on Tuesday. Royal Bank Of Canada increased their price target on Wintrust Financial from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Truist Financial dropped their price target on Wintrust Financial from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $172.17.

Wintrust Financial Trading Down 0.8%

The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98. The firm has a market cap of $10.89 billion, a PE ratio of 13.53 and a beta of 0.84. The stock’s 50 day simple moving average is $153.33 and its 200 day simple moving average is $147.80.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, April 20th. The bank reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.96 by $0.26. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The company had revenue of $713.17 million during the quarter, compared to the consensus estimate of $707.23 million. During the same quarter in the previous year, the company posted $2.69 EPS. Wintrust Financial’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, sell-side analysts forecast that Wintrust Financial Corporation will post 13.09 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Suzet M. Mckinney sold 500 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $148.96, for a total transaction of $74,480.00. Following the completion of the sale, the director directly owned 3,303 shares in the company, valued at approximately $492,014.88. This represents a 13.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David L. Stoehr sold 3,020 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $150.45, for a total value of $454,359.00. Following the transaction, the chief financial officer owned 13,213 shares of the company’s stock, valued at approximately $1,987,895.85. This represents a 18.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 13,099 shares of company stock valued at $1,954,386. Insiders own 1.24% of the company’s stock.

Institutional Trading of Wintrust Financial

Institutional investors have recently bought and sold shares of the company. Elyxium Wealth LLC bought a new position in shares of Wintrust Financial during the fourth quarter valued at $31,000. Creative Financial Designs Inc. ADV raised its holdings in shares of Wintrust Financial by 231.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock valued at $32,000 after purchasing an additional 160 shares during the last quarter. Advisors Asset Management Inc. bought a new position in Wintrust Financial during the first quarter valued at approximately $27,000. Harbour Investments Inc. boosted its holdings in Wintrust Financial by 72.7% in the fourth quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after purchasing an additional 101 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new stake in Wintrust Financial in the 1st quarter worth approximately $35,000. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Company Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.