Jefferies Financial Group Cuts Wintrust Financial (NASDAQ:WTFC) Price Target to $160.00

Wintrust Financial (NASDAQ:WTFC) had its target price cut by Jefferies Financial Group from $165.00 to $160.00 in a report published on Tuesday morning, Marketbeat reports. They currently have a buy rating on the bank’s stock.

Several other analysts have also recently commented on WTFC. DA Davidson increased their target price on Wintrust Financial from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Raymond James Financial reiterated a “strong-buy” rating and set a $157.00 price target (up previously from $155.00) on shares of Wintrust Financial in a research report on Wednesday, July 23rd. Wall Street Zen raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. TD Cowen initiated coverage on shares of Wintrust Financial in a research report on Thursday, September 25th. They issued a “buy” rating and a $166.00 price objective for the company. Finally, Barclays reiterated an “overweight” rating and set a $175.00 target price on shares of Wintrust Financial in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $152.92.

Wintrust Financial Stock Performance

NASDAQ WTFC opened at $126.10 on Tuesday. Wintrust Financial has a 1-year low of $89.10 and a 1-year high of $142.04. The company has a 50 day moving average of $132.44 and a 200-day moving average of $124.39. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. The firm has a market cap of $8.44 billion, a price-to-earnings ratio of 11.59 and a beta of 0.83.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, October 20th. The bank reported $3.06 EPS for the quarter, topping the consensus estimate of $2.63 by $0.43. Wintrust Financial had a return on equity of 13.05% and a net margin of 18.85%.The business had revenue of $697.84 million for the quarter, compared to the consensus estimate of $689.10 million. During the same period in the previous year, the business earned $2.47 EPS. On average, equities analysts forecast that Wintrust Financial will post 10.36 earnings per share for the current fiscal year.

Insider Activity

In other news, COO David A. Dykstra sold 14,942 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $131.53, for a total transaction of $1,965,321.26. Following the completion of the sale, the chief operating officer owned 182,208 shares in the company, valued at $23,965,818.24. The trade was a 7.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.01% of the company’s stock.

Hedge Funds Weigh In On Wintrust Financial

Several large investors have recently bought and sold shares of the business. Maseco LLP bought a new position in Wintrust Financial in the second quarter valued at approximately $25,000. Park Place Capital Corp lifted its stake 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 purchasing an additional 215 shares during the period. Advisors Asset Management Inc. bought a new position in shares of Wintrust Financial in the 1st quarter worth $27,000. AlphaQuest LLC acquired a new stake in shares of Wintrust Financial during the first quarter worth $33,000. Finally, Wayfinding Financial LLC acquired a new stake in shares of Wintrust Financial during the first quarter worth $36,000. 93.48% of the stock is currently 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.