Wintrust Financial Co. (NASDAQ:WTFC) Receives $128.00 Average Price Target from Brokerages

Shares of Wintrust Financial Co. (NASDAQ:WTFC) have earned an average recommendation of “Buy” from the thirteen research firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $128.00.

Several research firms have recently issued reports on WTFC. DA Davidson boosted their target price on Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Citigroup upped their price objective on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Raymond James lifted their target price on shares of Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 23rd. Piper Sandler increased their price target on shares of Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com cut Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Wednesday.

Wintrust Financial Trading Down 2.7 %

NASDAQ:WTFC opened at $133.29 on Monday. The firm has a market capitalization of $8.86 billion, a P/E ratio of 13.96 and a beta of 1.20. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. The company has a fifty day moving average of $131.06 and a 200 day moving average of $116.32. Wintrust Financial has a 52 week low of $89.68 and a 52 week high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.11. Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. During the same quarter last year, the company earned $1.87 earnings per share. On average, research analysts predict that Wintrust Financial will post 10.13 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Richard B. Murphy sold 4,099 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total value of $473,967.37. Following the completion of the transaction, the insider now directly owns 42,311 shares in the company, valued at $4,892,420.93. The trade was a 8.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO David A. Dykstra sold 15,492 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total value of $1,789,016.16. Following the sale, the chief operating officer now owns 197,591 shares in the company, valued at approximately $22,817,808.68. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On Wintrust Financial

A number of hedge funds have recently bought and sold shares of WTFC. Chartwell Investment Partners LLC boosted its stake in shares of Wintrust Financial by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 11,049 shares of the bank’s stock worth $1,200,000 after buying an additional 89 shares during the last quarter. Shaker Investments LLC OH boosted its position in Wintrust Financial by 0.3% in the third quarter. Shaker Investments LLC OH now owns 28,928 shares of the bank’s stock worth $3,140,000 after purchasing an additional 96 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Wintrust Financial by 2.8% during the 3rd quarter. Captrust Financial Advisors now owns 3,859 shares of the bank’s stock valued at $419,000 after purchasing an additional 104 shares during the period. MML Investors Services LLC lifted its stake in shares of Wintrust Financial by 1.7% in the 3rd quarter. MML Investors Services LLC now owns 6,201 shares of the bank’s stock worth $673,000 after purchasing an additional 106 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of Wintrust Financial by 0.5% in the third quarter. US Bancorp DE now owns 24,716 shares of the bank’s stock worth $2,682,000 after buying an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

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.