Wintrust Financial (NASDAQ:WTFC) Rating Reiterated by Wedbush

Wintrust Financial (NASDAQ:WTFC)‘s stock had its “outperform” rating reiterated by investment analysts at Wedbush in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $116.00 price objective on the bank’s stock. Wedbush’s price target suggests a potential upside of 19.21% from the stock’s current price. Wedbush also issued estimates for Wintrust Financial’s Q2 2024 earnings at $2.47 EPS, Q3 2024 earnings at $2.46 EPS, Q4 2024 earnings at $2.34 EPS, FY2024 earnings at $10.16 EPS, Q2 2025 earnings at $2.52 EPS, Q3 2025 earnings at $2.58 EPS, Q4 2025 earnings at $2.55 EPS and FY2025 earnings at $10.05 EPS.

A number of other analysts also recently issued reports on WTFC. Citigroup lifted their price target on Wintrust Financial from $114.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Jefferies Financial Group lifted their target price on Wintrust Financial from $114.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Truist Financial lifted their target price on Wintrust Financial from $111.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Royal Bank of Canada lifted their target price on Wintrust Financial from $109.00 to $116.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. Finally, Stephens reiterated an “overweight” rating and set a $110.00 target price on shares of Wintrust Financial in a research report on Tuesday. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $112.92.

Wintrust Financial Trading Up 2.1 %

NASDAQ:WTFC opened at $97.31 on Thursday. The firm has a market cap of $6.01 billion, a PE ratio of 10.06 and a beta of 1.21. The stock has a fifty day moving average price of $98.18 and a 200 day moving average price of $90.73. Wintrust Financial has a 12-month low of $58.12 and a 12-month high of $105.29. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.73.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.47. The company had revenue of $604.77 million during the quarter, compared to the consensus estimate of $577.80 million. Wintrust Financial had a return on equity of 13.29% and a net margin of 17.86%. Wintrust Financial’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.80 EPS. Sell-side analysts anticipate that Wintrust Financial will post 9.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Wintrust Financial 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 transaction of $943,920.00. Following the transaction, the insider now owns 177,124 shares in the company, valued at approximately $17,599,040.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Wintrust Financial news, EVP Jeffrey D. Hahnfeld sold 588 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total transaction of $57,553.44. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the insider now owns 177,124 shares in the company, valued at approximately $17,599,040.64. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Wintrust Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC purchased a new stake in shares of Wintrust Financial during the 1st quarter worth approximately $27,000. Johnson Financial Group Inc. purchased a new stake in shares of Wintrust Financial during the 4th quarter worth approximately $25,000. Quent Capital LLC boosted its stake 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 acquiring an additional 192 shares in the last quarter. Belpointe Asset Management LLC boosted its stake 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 acquiring an additional 188 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new stake in shares of Wintrust Financial during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds 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.