Wintrust Financial (NASDAQ:WTFC) Stock Price Expected to Rise, Barclays Analyst Says

Wintrust Financial (NASDAQ:WTFC) had its target price boosted by stock analysts at Barclays from $138.00 to $145.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the bank’s stock. Barclays‘s price objective indicates a potential upside of 30.18% from the stock’s current price.

A number of other research firms have also recently commented on WTFC. Piper Sandler upped their target price on shares of Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Truist Financial raised shares of Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th. Raymond James reissued a “strong-buy” rating and issued a $150.00 target price (up previously from $135.00) on shares of Wintrust Financial in a research report on Thursday, January 23rd. Royal Bank of Canada restated an “outperform” rating and set a $152.00 price target on shares of Wintrust Financial in a research report on Thursday, January 23rd. Finally, StockNews.com cut Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Saturday, February 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Wintrust Financial has a consensus rating of “Moderate Buy” and an average target price of $133.31.

Wintrust Financial Stock Up 3.4 %

Shares of NASDAQ WTFC opened at $111.38 on Wednesday. Wintrust Financial has a 1 year low of $89.10 and a 1 year high of $142.04. The company 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 50 day simple moving average of $111.18 and a 200-day simple moving average of $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.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Monday, April 21st. The bank reported $2.69 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 the consensus estimate of $643.11 million. During the same quarter in the previous year, the business earned $2.89 earnings per share. On average, equities research analysts predict that Wintrust Financial will post 10.36 earnings per share for the current 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 on Tuesday, January 28th. The shares were sold at an average price of $131.31, for a total value of $553,209.03. Following the completion of the transaction, the chief operating officer now owns 206,294 shares in the company, valued at $27,088,465.14. This represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David L. Stoehr sold 2,363 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $131.32, for a total value of $310,309.16. Following the transaction, the chief financial officer now directly owns 19,858 shares in the company, valued at approximately $2,607,752.56. The trade was a 10.63 % 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 ninety days. Insiders own 1.01% of the company’s stock.

Institutional Investors Weigh In On Wintrust Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Park Place Capital Corp increased its holdings in shares of Wintrust Financial by 1,264.7% in the 1st quarter. Park Place Capital Corp now owns 232 shares of the bank’s stock valued at $26,000 after acquiring an additional 215 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Wintrust Financial by 7.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,426 shares of the bank’s stock worth $273,000 after purchasing an additional 165 shares during the last quarter. Blue Trust Inc. increased its stake in Wintrust Financial by 21.0% in the first quarter. Blue Trust Inc. now owns 4,989 shares of the bank’s stock valued at $561,000 after purchasing an additional 867 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Wintrust Financial by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 7,788 shares of the bank’s stock valued at $875,000 after buying an additional 205 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Wintrust Financial by 8.0% during the first quarter. Janney Montgomery Scott LLC now owns 12,885 shares of the bank’s stock worth $1,449,000 after buying an additional 957 shares during the period. Hedge funds and other institutional investors own 93.48% of the company’s stock.

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.