Wintrust Financial (NASDAQ:WTFC) PT Lowered to $113.00

Wintrust Financial (NASDAQ:WTFC) had its price target decreased by research analysts at Citigroup from $115.00 to $113.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the bank’s stock. Citigroup’s target price points to a potential upside of 13.14% from the company’s previous close.

Several other equities research analysts have also recently commented on WTFC. StockNews.com upgraded Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. Barclays dropped their price objective on Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. UBS Group upped their price objective on Wintrust Financial from $105.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Stephens reiterated an “overweight” rating and set a $110.00 price objective on shares of Wintrust Financial in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada upped their price objective on Wintrust Financial from $109.00 to $116.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Wintrust Financial has an average rating of “Buy” and an average price target of $112.33.

Wintrust Financial Price Performance

Wintrust Financial stock opened at $99.88 on Monday. The firm has a market capitalization of $6.17 billion, a P/E ratio of 10.33 and a beta of 1.21. Wintrust Financial has a 1 year low of $58.12 and a 1 year high of $105.29. The business has a 50-day moving average of $98.38 and a 200-day moving average of $91.33. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.78.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.47. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. The company had revenue of $604.77 million during the quarter, compared to analyst estimates of $577.80 million. During the same period in the previous year, the company earned $2.80 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities analysts anticipate that Wintrust Financial will post 10.02 EPS for the current year.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, EVP Jeffrey D. Hahnfeld sold 588 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total value of $57,553.44. Following the completion of the sale, the executive vice president now owns 3,410 shares of the company’s stock, valued at $333,770.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Edward J. Wehmer sold 9,500 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $99.36, for a total transaction of $943,920.00. Following the transaction, the insider now owns 177,124 shares of the company’s stock, valued at $17,599,040.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of Wintrust Financial stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total value of $57,553.44. Following the sale, the executive vice president now owns 3,410 shares in the company, valued at $333,770.80. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.

Institutional Trading of Wintrust Financial

A number of hedge funds have recently bought and sold shares of WTFC. Treasurer of the State of North Carolina grew its position in shares of Wintrust Financial by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 26,713 shares of the bank’s stock valued at $2,017,000 after purchasing an additional 140 shares in the last quarter. Signaturefd LLC grew its position in Wintrust Financial by 5.3% during the third quarter. Signaturefd LLC now owns 3,028 shares of the bank’s stock worth $229,000 after buying an additional 153 shares in the last quarter. Oliver Luxxe Assets LLC grew its position in Wintrust Financial by 1.7% during the first quarter. Oliver Luxxe Assets LLC now owns 9,290 shares of the bank’s stock worth $970,000 after buying an additional 157 shares in the last quarter. Huntington National Bank grew its position in Wintrust Financial by 30.6% during the third quarter. Huntington National Bank now owns 725 shares of the bank’s stock worth $55,000 after buying an additional 170 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its position in Wintrust Financial by 21.7% during the third quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the bank’s stock worth $78,000 after buying an additional 183 shares in the last quarter. 93.48% of the stock is currently 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.