Piper Sandler Boosts Wintrust Financial (NASDAQ:WTFC) Price Target to $156.00

Wintrust Financial (NASDAQ:WTFC) had its target price upped by research analysts at Piper Sandler from $151.00 to $156.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the bank’s stock. Piper Sandler’s target price would indicate a potential upside of 18.37% from the company’s current price.

Other equities research analysts have also issued research reports about the company. DA Davidson upped their price objective on Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Raymond James restated a “strong-buy” rating and set a $150.00 price target (up previously from $135.00) on shares of Wintrust Financial in a report on Thursday. StockNews.com lowered Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Wednesday. Truist Financial upgraded shares of Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. Finally, UBS Group began coverage on shares of Wintrust Financial in a report on Tuesday, December 17th. They issued a “buy” rating and a $157.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $133.69.

Wintrust Financial Price Performance

Wintrust Financial stock opened at $131.79 on Thursday. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 12.78 and a beta of 1.20. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The business has a 50-day simple moving average of $131.10 and a 200 day simple moving average of $116.68. Wintrust Financial has a 52 week low of $89.68 and a 52 week high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.11. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same quarter last year, the firm earned $1.87 earnings per share. On average, research analysts forecast that Wintrust Financial will post 10.17 earnings per share for the current fiscal year.

Insider Transactions at Wintrust Financial

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

Hedge Funds Weigh In On Wintrust Financial

Institutional investors have recently bought and sold shares of the stock. FMR LLC lifted its stake in shares of Wintrust Financial by 14.1% during the 3rd quarter. FMR LLC now owns 5,153,999 shares of the bank’s stock valued at $559,364,000 after buying an additional 637,072 shares in the last quarter. State Street Corp raised its holdings in Wintrust Financial by 5.1% during the third quarter. State Street Corp now owns 2,627,561 shares of the bank’s stock valued at $285,169,000 after acquiring an additional 126,724 shares during the period. Principal Financial Group Inc. lifted its position in shares of Wintrust Financial by 11.3% in the third quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock valued at $141,981,000 after acquiring an additional 133,311 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Wintrust Financial by 8.8% in the third quarter. Geode Capital Management LLC now owns 1,155,726 shares of the bank’s stock worth $125,464,000 after acquiring an additional 92,995 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Wintrust Financial by 36.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank’s stock worth $87,132,000 after purchasing an additional 213,559 shares in the last quarter. 93.48% of the stock is owned by institutional investors.

Wintrust Financial Company Profile

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.