Piper Sandler Issues Pessimistic Forecast for Wintrust Financial (NASDAQ:WTFC) Stock Price

Wintrust Financial (NASDAQ:WTFC) had its target price reduced by analysts at Piper Sandler from $145.00 to $141.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the bank’s stock. Piper Sandler’s price target points to a potential upside of 26.59% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Hovde Group boosted their target price on shares of Wintrust Financial from $107.00 to $115.00 and gave the company a “market perform” rating in a research report on Wednesday. StockNews.com cut Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Saturday, February 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $152.00 target price on shares of Wintrust Financial in a report on Thursday, January 23rd. Barclays boosted their price target on Wintrust Financial from $138.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Raymond James reaffirmed a “strong-buy” rating and issued a $150.00 price objective (up from $135.00) on shares of Wintrust Financial in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $133.31.

Wintrust Financial Trading Up 3.4 %

Shares of NASDAQ:WTFC opened at $111.38 on Wednesday. The business’s 50 day simple moving average is $111.18 and its 200 day simple moving average is $121.57. Wintrust Financial has a 1 year low of $89.10 and a 1 year high of $142.04. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00. The company has a market capitalization of $7.45 billion, a P/E ratio of 10.80 and a beta of 0.94.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, April 21st. The bank reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.17. The company had revenue of $643.11 million for the quarter, compared to analyst estimates of $643.11 million. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same period in the prior year, the firm posted $2.89 EPS. On average, research analysts anticipate that Wintrust Financial will post 10.36 EPS for the current fiscal year.

Insider Buying and Selling

In other Wintrust Financial news, EVP Jeffrey D. Hahnfeld sold 416 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total value of $54,475.20. Following the completion of the sale, the executive vice president now owns 2,276 shares of the company’s stock, valued at approximately $298,042.20. This trade represents a 15.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO David A. Dykstra sold 4,213 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $131.31, for a total value of $553,209.03. Following the transaction, the chief operating officer now directly owns 206,294 shares in the company, valued at $27,088,465.14. The trade was a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,178 shares of company stock valued at $1,336,315 over the last 90 days. Company insiders own 1.01% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Barclays PLC raised its holdings in shares of Wintrust Financial by 3.5% in the 3rd quarter. Barclays PLC now owns 81,737 shares of the bank’s stock worth $8,870,000 after acquiring an additional 2,748 shares during the last quarter. World Investment Advisors LLC raised its stake in shares of Wintrust Financial by 16.8% in the third 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 last quarter. Tidal Investments LLC lifted its holdings in shares of Wintrust Financial by 2.0% in the third quarter. Tidal Investments LLC now owns 8,656 shares of the bank’s stock valued at $939,000 after purchasing an additional 172 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Wintrust Financial by 6.0% during the third quarter. Retirement Systems of Alabama now owns 80,782 shares of the bank’s stock valued at $8,767,000 after buying an additional 4,562 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its holdings 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 in the last quarter. 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.