Wintrust Financial (NASDAQ:WTFC) Given New $138.00 Price Target at Barclays

Wintrust Financial (NASDAQ:WTFC) had its price target decreased by investment analysts at Barclays from $155.00 to $138.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the bank’s stock. Barclays‘s price objective suggests a potential upside of 32.53% from the stock’s previous close.

Several other research firms also recently issued reports on WTFC. UBS Group assumed coverage on shares of Wintrust Financial in a research note on Tuesday, December 17th. They set a “buy” rating and a $157.00 price target for the company. Truist Financial upgraded Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and set a $152.00 price target on shares of Wintrust Financial in a report on Thursday, January 23rd. Piper Sandler upped their price objective on shares of Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, StockNews.com lowered shares of Wintrust Financial from a “hold” rating to a “sell” rating in a report on Saturday, February 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $132.38.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC opened at $104.13 on Tuesday. Wintrust Financial has a one year low of $89.10 and a one year high of $142.04. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 10.10 and a beta of 0.94. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00. The firm has a 50 day simple moving average of $117.06 and a 200 day simple moving average of $121.92.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same quarter last year, the business earned $1.87 EPS. Research analysts predict that Wintrust Financial will post 10.36 earnings per share for the current fiscal year.

Insider Activity

In related news, COO David A. Dykstra sold 4,213 shares of Wintrust Financial stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $131.31, for a total value of $553,209.03. Following the completion of the sale, the chief operating officer now owns 206,294 shares of the company’s stock, valued at approximately $27,088,465.14. This trade represents a 2.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total transaction of $54,475.20. Following the transaction, the executive vice president now owns 2,276 shares in the company, valued at approximately $298,042.20. The trade was a 15.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,178 shares of company stock worth $1,336,315 over the last quarter. 1.47% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Wintrust Financial

A number of hedge funds have recently added to or reduced their stakes in WTFC. Millstone Evans Group LLC bought a new position in shares of Wintrust Financial in the fourth quarter valued at approximately $43,000. Global Retirement Partners LLC raised its position in Wintrust Financial by 63.5% in the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank’s stock valued at $47,000 after buying an additional 146 shares during the last quarter. Versant Capital Management Inc lifted its stake in Wintrust Financial by 32.1% during the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock valued at $67,000 after acquiring an additional 131 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Wintrust Financial by 33.9% during the 1st quarter. Parallel Advisors LLC now owns 593 shares of the bank’s stock worth $67,000 after acquiring an additional 150 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Wintrust Financial in the 4th quarter worth $78,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

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.