Royal Bank of Canada Issues Pessimistic Forecast for Wintrust Financial (NASDAQ:WTFC) Stock Price

Wintrust Financial (NASDAQ:WTFC) had its price objective dropped by research analysts at Royal Bank of Canada from $152.00 to $135.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the bank’s stock. Royal Bank of Canada’s price target indicates a potential upside of 21.21% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Truist Financial raised Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. Piper Sandler cut their price objective on shares of Wintrust Financial from $145.00 to $141.00 and set an “overweight” rating for the company in a research report on Wednesday. StockNews.com lowered Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Saturday, February 15th. Barclays lifted their target price on Wintrust Financial from $138.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Stephens reduced their price target on Wintrust Financial from $145.00 to $132.00 and set an “overweight” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Wintrust Financial presently has a consensus rating of “Moderate Buy” and an average target price of $133.31.

Wintrust Financial Trading Up 3.4 %

Wintrust Financial stock opened at $111.38 on Wednesday. Wintrust Financial has a one year low of $89.10 and a one year high of $142.04. The business’s fifty day moving average is $111.18 and its 200 day moving average is $121.57. 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 stock has a market capitalization of $7.45 billion, a PE ratio of 10.80 and a beta of 0.94.

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

Insider Buying and Selling at Wintrust Financial

In related news, EVP Jeffrey D. Hahnfeld sold 416 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $130.95, for a total transaction of $54,475.20. Following the sale, the executive vice president now owns 2,276 shares of the company’s stock, valued at $298,042.20. This represents a 15.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Richard B. Murphy sold 3,186 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $131.30, for a total transaction of $418,321.80. Following the transaction, the insider now owns 48,814 shares of the company’s stock, valued at $6,409,278.20. This trade represents a 6.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,178 shares of company stock valued at $1,336,315 in the last 90 days. Insiders own 1.01% of the company’s stock.

Institutional Trading of Wintrust Financial

Hedge funds have recently made changes to their positions in the business. Barclays PLC grew its position in Wintrust Financial by 3.5% in the third quarter. Barclays PLC now owns 81,737 shares of the bank’s stock worth $8,870,000 after acquiring an additional 2,748 shares in the last quarter. World Investment Advisors LLC lifted its stake in shares of Wintrust Financial by 16.8% in the 3rd quarter. World Investment Advisors LLC now owns 2,479 shares of the bank’s stock valued at $269,000 after purchasing an additional 356 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Wintrust Financial by 2.0% in the 3rd 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 period. Retirement Systems of Alabama increased its position in shares of Wintrust Financial by 6.0% during the 3rd 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 last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in Wintrust Financial by 6.2% during the 3rd quarter. Lord Abbett & CO. LLC now owns 286,341 shares of the bank’s stock valued at $31,076,000 after buying an additional 16,668 shares during the period. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Wintrust Financial Company Profile

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.