Wintrust Financial (NASDAQ:WTFC) Research Coverage Started at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Wintrust Financial (NASDAQ:WTFC – Get Rating) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the bank’s stock.

Several other equities research analysts have also recently issued reports on the stock. Hovde Group raised shares of Wintrust Financial from a “market perform” rating to an “outperform” rating and set a $108.00 price objective for the company in a research report on Wednesday, February 1st. UBS Group boosted their price objective on shares of Wintrust Financial to $100.00 in a research report on Wednesday, November 16th. Raymond James lowered their price objective on shares of Wintrust Financial from $118.00 to $110.00 and set a “strong-buy” rating for the company in a research report on Friday, January 20th. Royal Bank of Canada lowered their price objective on shares of Wintrust Financial from $108.00 to $95.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, DA Davidson reduced their price target on shares of Wintrust Financial from $120.00 to $110.00 and set a “buy” rating for the company in a report on Friday, January 20th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $106.70.

Wintrust Financial Price Performance

Wintrust Financial stock opened at $71.38 on Thursday. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 8.92, a price-to-earnings-growth ratio of 0.43 and a beta of 1.20. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.99 and a quick ratio of 0.98. Wintrust Financial has a 1 year low of $57.48 and a 1 year high of $98.54. The firm has a 50-day moving average of $89.05 and a two-hundred day moving average of $87.83.

Insider Buying and Selling at Wintrust Financial

In related news, Director H Patrick Hackett, Jr. purchased 7,100 shares of the business’s stock in a transaction on Monday, March 13th. The shares were acquired at an average price of $73.31 per share, for a total transaction of $520,501.00. Following the purchase, the director now owns 47,173 shares of the company’s stock, valued at approximately $3,458,252.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.41% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Private Trust Co. NA increased its stake in Wintrust Financial by 48.9% during the 3rd quarter. Private Trust Co. NA now owns 411 shares of the bank’s stock valued at $34,000 after purchasing an additional 135 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Wintrust Financial by 37.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 464 shares of the bank’s stock valued at $38,000 after acquiring an additional 126 shares during the last quarter. Coppell Advisory Solutions Corp. purchased a new stake in shares of Wintrust Financial in the 4th quarter valued at $44,000. BDO Wealth Advisors LLC boosted its holdings in shares of Wintrust Financial by 6,200.0% in the 4th quarter. BDO Wealth Advisors LLC now owns 567 shares of the bank’s stock valued at $48,000 after acquiring an additional 558 shares during the last quarter. Finally, Romano Brothers AND Company purchased a new stake in shares of Wintrust Financial in the 4th quarter valued at $71,000. Institutional investors and hedge funds own 89.47% of the company’s stock.

Wintrust Financial Company Profile

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Wintrust Financial Corp. operates as holding company, which engages in the provision of banking and financial services. It operates through the following segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment provides community-oriented, personal, and commercial banking services to customers located in its market area.