Wintrust Financial (NASDAQ:WTFC) Coverage Initiated at Stephens

Analysts at Stephens started coverage on shares of Wintrust Financial (NASDAQ:WTFC) in a research note issued to investors on Friday, MarketBeat reports. The firm set an “equal weight” rating and a $160.00 price target on the bank’s stock. Stephens’ price objective would suggest a potential upside of 21.04% from the company’s current price.

Several other research analysts have also recently weighed in on WTFC. Barclays lifted their price target on Wintrust Financial from $178.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. DA Davidson upped their price objective on Wintrust Financial from $165.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. UBS Group reaffirmed a “buy” rating and set a $176.00 price objective on shares of Wintrust Financial in a research note on Wednesday, February 4th. Piper Sandler lifted their target price on shares of Wintrust Financial from $161.00 to $184.00 and gave the company an “overweight” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Wintrust Financial in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wintrust Financial has a consensus rating of “Moderate Buy” and a consensus price target of $163.62.

Wintrust Financial Price Performance

Shares of WTFC opened at $132.19 on Friday. The business’s 50-day moving average is $145.39 and its two-hundred day moving average is $138.53. The company has a market capitalization of $8.89 billion, a P/E ratio of 11.60 and a beta of 0.85. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.99 and a current ratio of 1.00. Wintrust Financial has a fifty-two week low of $89.10 and a fifty-two week high of $162.96.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Tuesday, January 20th. The bank reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. Wintrust Financial had a return on equity of 12.95% and a net margin of 19.48%.The business had revenue of $714.26 million during the quarter, compared to analyst estimates of $700.85 million. During the same quarter last year, the business posted $2.63 EPS. Research analysts predict that Wintrust Financial will post 10.36 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Richard B. Murphy sold 3,291 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $146.05, for a total value of $480,650.55. Following the completion of the sale, the insider directly owned 46,049 shares in the company, valued at $6,725,456.45. The trade was a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David Eric Lee sold 558 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $147.42, for a total value of $82,260.36. Following the transaction, the insider directly owned 16,085 shares of the company’s stock, valued at approximately $2,371,250.70. The trade was a 3.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,662 shares of company stock valued at $1,705,730 in the last 90 days. Corporate insiders own 1.01% of the company’s stock.

Hedge Funds Weigh In On Wintrust Financial

A number of large investors have recently added to or reduced their stakes in WTFC. Rockefeller Capital Management L.P. grew its position in shares of Wintrust Financial by 14.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 7,012 shares of the bank’s stock valued at $980,000 after purchasing an additional 876 shares during the period. World Investment Advisors raised its position in shares of Wintrust Financial by 4.7% during the 4th quarter. World Investment Advisors now owns 5,154 shares of the bank’s stock worth $721,000 after purchasing an additional 230 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of Wintrust Financial by 21.0% during the 4th quarter. Corient Private Wealth LLC now owns 11,269 shares of the bank’s stock worth $1,581,000 after purchasing an additional 1,952 shares during the last quarter. Hsbc Holdings PLC purchased a new position in Wintrust Financial in the 4th quarter valued at about $1,570,000. Finally, Rehmann Capital Advisory Group boosted its holdings in Wintrust Financial by 23.5% in the 4th quarter. Rehmann Capital Advisory Group now owns 2,524 shares of the bank’s stock worth $354,000 after buying an additional 481 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Company Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.