Wintrust Financial (NASDAQ:WTFC) Price Target Lowered to $183.00 at TD Cowen

Wintrust Financial (NASDAQ:WTFCFree Report) had its price objective trimmed by TD Cowen from $184.00 to $183.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the bank’s stock.

A number of other research analysts have also weighed in on the stock. Barclays raised their target price on shares of Wintrust Financial from $190.00 to $192.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Royal Bank Of Canada increased their price target on Wintrust Financial from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Stephens began coverage on Wintrust Financial in a research report on Friday, March 27th. They set an “equal weight” rating and a $160.00 price objective on the stock. Raymond James Financial initiated coverage on Wintrust Financial in a research note on Tuesday, July 7th. They set an “outperform” rating and a $180.00 price objective on the stock. Finally, Brean Capital cut Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 target price for the company. in a report on Tuesday. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $177.77.

Get Our Latest Analysis on Wintrust Financial

Wintrust Financial Price Performance

Shares of NASDAQ WTFC opened at $158.53 on Wednesday. The firm has a 50-day simple moving average of $155.94 and a 200-day simple moving average of $149.33. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $10.69 billion, a price-to-earnings ratio of 12.73 and a beta of 0.84. Wintrust Financial has a 52 week low of $119.61 and a 52 week high of $167.21.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last posted its quarterly earnings results on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.15. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The firm had revenue of $738.63 million for the quarter, compared to analyst estimates of $735.36 million. During the same period in the previous year, the business posted $2.78 earnings per share. Wintrust Financial’s quarterly revenue was up 10.1% on a year-over-year basis. On average, equities analysts predict that Wintrust Financial will post 13 earnings per share for the current fiscal year.

Insider Transactions at Wintrust Financial

In other news, COO David A. Dykstra sold 9,579 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $148.82, for a total value of $1,425,546.78. Following the transaction, the chief operating officer directly owned 179,810 shares in the company, valued at approximately $26,759,324.20. This represents a 5.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Suzet M. Mckinney sold 500 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $148.96, for a total transaction of $74,480.00. Following the transaction, the director directly owned 3,303 shares of the company’s stock, valued at $492,014.88. The trade was a 13.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.24% of the stock is owned by company insiders.

Institutional Trading of Wintrust Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB lifted its stake in Wintrust Financial by 7.0% during the second quarter. Handelsbanken Fonder AB now owns 16,723 shares of the bank’s stock worth $2,688,000 after purchasing an additional 1,100 shares in the last quarter. Reinhart Partners LLC. grew its stake in shares of Wintrust Financial by 0.5% in the second quarter. Reinhart Partners LLC. now owns 527,152 shares of the bank’s stock valued at $84,727,000 after buying an additional 2,592 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Wintrust Financial in the second quarter valued at $49,000. GAMMA Investing LLC raised its holdings in shares of Wintrust Financial by 14.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,270 shares of the bank’s stock valued at $365,000 after buying an additional 278 shares during the period. Finally, Versant Capital Management Inc raised its holdings in shares of Wintrust Financial by 8.9% in the 2nd quarter. Versant Capital Management Inc now owns 1,348 shares of the bank’s stock valued at $217,000 after buying an additional 110 shares during the period. Hedge funds and other institutional investors own 93.48% of the company’s stock.

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Wintrust Financial Company Profile

(Get Free Report)

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.

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