DA Davidson Issues Positive Forecast for Wintrust Financial (NASDAQ:WTFC) Stock Price

Wintrust Financial (NASDAQ:WTFCFree Report) had its price target raised by DA Davidson from $185.00 to $190.00 in a report issued on Wednesday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the bank’s stock.

Several other research analysts have also recently weighed in on the company. Stephens started coverage on Wintrust Financial in a research report on Friday, March 27th. They set an “equal weight” rating and a $160.00 price objective for the company. Piper Sandler set a $186.00 price target on shares of Wintrust Financial in a research note on Wednesday. Royal Bank Of Canada increased their target price on shares of Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Capital One Financial set a $170.00 price target on shares of Wintrust Financial in a research note on Tuesday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Wintrust Financial in a research note on Monday, June 29th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $177.77.

Check Out Our Latest Stock Analysis on WTFC

Wintrust Financial Stock Performance

Shares of WTFC opened at $158.53 on Wednesday. The firm has a market cap of $10.69 billion, a P/E ratio of 12.73 and a beta of 0.84. Wintrust Financial has a twelve month low of $119.61 and a twelve month high of $167.21. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98. The firm’s 50 day moving average price is $155.94 and its two-hundred day moving average price is $149.33.

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

Insiders Place Their Bets

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

Hedge Funds Weigh In On Wintrust Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Wintrust Financial during the 4th quarter valued at approximately $111,924,000. Wellington Management Group LLP bought a new stake in shares of Wintrust Financial in the 3rd quarter valued at $90,187,000. Artemis Investment Management LLP acquired a new stake in shares of Wintrust Financial during the fourth quarter worth $59,287,000. First Trust Advisors LP raised its stake in Wintrust Financial by 26.6% during the first quarter. First Trust Advisors LP now owns 1,830,268 shares of the bank’s stock worth $254,297,000 after buying an additional 385,069 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Wintrust Financial in the first quarter valued at $34,272,000. 93.48% of the stock is owned by institutional investors and hedge funds.

Key Wintrust Financial News

Here are the key news stories impacting Wintrust Financial this week:

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.

Further Reading

Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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