DA Davidson Has Lowered Expectations for Wintrust Financial (NASDAQ:WTFC) Stock Price

Wintrust Financial (NASDAQ:WTFC) had its target price decreased by analysts at DA Davidson from $140.00 to $135.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the bank’s stock. DA Davidson’s price objective points to a potential upside of 21.21% from the stock’s previous close. DA Davidson also issued estimates for Wintrust Financial’s FY2025 earnings at $11.00 EPS.

Several other research analysts have also recently commented on WTFC. Barclays boosted their price target on shares of Wintrust Financial from $138.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday. Hovde Group increased their target price on Wintrust Financial from $107.00 to $115.00 and gave the company a “market perform” rating in a report on Wednesday. StockNews.com cut Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Saturday, February 15th. Raymond James reaffirmed a “strong-buy” rating and set a $150.00 price objective (up previously from $135.00) on shares of Wintrust Financial in a report on Thursday, January 23rd. Finally, Piper Sandler cut their target price on shares of Wintrust Financial from $145.00 to $141.00 and set an “overweight” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $133.31.

Wintrust Financial Stock Up 3.4 %

Wintrust Financial stock opened at $111.38 on Wednesday. The firm has a market capitalization of $7.45 billion, a P/E ratio of 10.80 and a beta of 0.94. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. Wintrust Financial has a twelve month low of $89.10 and a twelve month high of $142.04. The stock’s fifty day simple moving average is $111.18 and its 200-day simple moving average is $121.57.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, April 21st. The bank reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.17. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. The company had revenue of $643.11 million for the quarter, compared to analyst estimates of $643.11 million. During the same quarter last year, the company earned $2.89 EPS. As a group, equities analysts expect that Wintrust Financial will post 10.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Wintrust Financial news, COO David A. Dykstra sold 4,213 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $131.31, for a total value of $553,209.03. Following the sale, the chief operating officer now owns 206,294 shares of the company’s stock, valued at $27,088,465.14. This represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David L. Stoehr sold 2,363 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $131.32, for a total transaction of $310,309.16. Following the completion of the sale, the chief financial officer now owns 19,858 shares in the company, valued at $2,607,752.56. This represents a 10.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,178 shares of company stock worth $1,336,315. 1.01% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Wintrust Financial

Several hedge funds have recently modified their holdings of the company. Barclays PLC lifted its stake in shares of Wintrust Financial by 3.5% during the third quarter. Barclays PLC now owns 81,737 shares of the bank’s stock valued at $8,870,000 after buying an additional 2,748 shares during the period. World Investment Advisors LLC lifted its stake in shares of Wintrust Financial by 16.8% during the 3rd quarter. World Investment Advisors LLC now owns 2,479 shares of the bank’s stock worth $269,000 after purchasing an additional 356 shares during the period. Tidal Investments LLC boosted its holdings in shares of Wintrust Financial by 2.0% during the third quarter. Tidal Investments LLC now owns 8,656 shares of the bank’s stock worth $939,000 after purchasing an additional 172 shares during the last quarter. Retirement Systems of Alabama grew its position in shares of Wintrust Financial by 6.0% in the third quarter. Retirement Systems of Alabama now owns 80,782 shares of the bank’s stock valued at $8,767,000 after purchasing an additional 4,562 shares during the period. Finally, Lord Abbett & CO. LLC lifted its position in Wintrust Financial by 6.2% during the third quarter. Lord Abbett & CO. LLC now owns 286,341 shares of the bank’s stock worth $31,076,000 after buying an additional 16,668 shares during the period. 93.48% of the stock is owned by institutional investors and hedge funds.

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.