Royal Bank of Canada Reiterates “Outperform” Rating for Wintrust Financial (NASDAQ:WTFC)

Wintrust Financial (NASDAQ:WTFC)‘s stock had its “outperform” rating reissued by investment analysts at Royal Bank of Canada in a research note issued on Thursday,Benzinga reports. They presently have a $152.00 price objective on the bank’s stock. Royal Bank of Canada’s target price points to a potential upside of 15.34% from the stock’s previous close.

WTFC has been the topic of a number of other research reports. StockNews.com downgraded Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Wednesday. DA Davidson raised their price target on Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Wedbush reaffirmed an “outperform” rating and issued a $130.00 price target on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Truist Financial upgraded shares of Wintrust Financial to a “strong-buy” rating in a research note on Monday, January 6th. Finally, Piper Sandler upped their price target on shares of Wintrust Financial from $151.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Wintrust Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.69.

Wintrust Financial Stock Down 0.9 %

WTFC stock opened at $131.79 on Thursday. The business’s fifty day moving average price is $131.10 and its two-hundred day moving average price is $116.68. The stock has a market capitalization of $8.76 billion, a price-to-earnings ratio of 12.78 and a beta of 1.20. Wintrust Financial has a fifty-two week low of $89.68 and a fifty-two week high of $142.04. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, topping 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 period in the previous year, the business posted $1.87 earnings per share. On average, equities analysts anticipate that Wintrust Financial will post 10.17 earnings per share for the current year.

Insider Transactions at Wintrust Financial

In other Wintrust Financial news, COO David A. Dykstra sold 15,492 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Richard B. Murphy sold 4,099 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were 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. The trade was a 8.83 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.47% of the company’s stock.

Institutional Trading of Wintrust Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new position in Wintrust Financial during the 3rd quarter worth about $35,000. UMB Bank n.a. boosted its holdings in Wintrust Financial by 62.0% in the third quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after acquiring an additional 196 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Wintrust Financial during the 3rd quarter valued at approximately $61,000. Versant Capital Management Inc raised its holdings in Wintrust Financial by 32.1% during the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock worth $67,000 after purchasing an additional 131 shares during the last quarter. Finally, Covestor Ltd lifted its position in shares of Wintrust Financial by 77.9% in the 3rd quarter. Covestor Ltd now owns 653 shares of the bank’s stock worth $71,000 after purchasing an additional 286 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

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.