Barclays Boosts Wintrust Financial (NASDAQ:WTFC) Price Target to $155.00

Wintrust Financial (NASDAQ:WTFC) had its price target boosted by analysts at Barclays from $151.00 to $155.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the bank’s stock. Barclays‘s target price would suggest a potential upside of 16.29% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. StockNews.com downgraded Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Wednesday. UBS Group initiated coverage on Wintrust Financial in a research report on Tuesday, December 17th. They issued a “buy” rating and a $157.00 price target for the company. Citigroup lifted their price objective on Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Truist Financial raised shares of Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. Finally, Wedbush reaffirmed an “outperform” rating and set a $130.00 price target on shares of Wintrust Financial in a report on Tuesday, October 22nd. 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $128.31.

Wintrust Financial Price Performance

NASDAQ WTFC opened at $133.29 on Thursday. Wintrust Financial has a one year low of $89.68 and a one year high of $142.04. The stock has a 50-day moving average of $131.06 and a 200 day moving average of $116.32. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02. The company has a market capitalization of $8.86 billion, a price-to-earnings ratio of 12.93 and a beta of 1.20.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 earnings per share 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 12.92%. During the same quarter in the previous year, the business earned $1.87 earnings per share. On average, sell-side analysts forecast that Wintrust Financial will post 10.17 EPS for the current year.

Insiders Place Their Bets

In other news, insider Richard B. Murphy sold 4,099 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, October 29th. The stock was 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 owns 42,311 shares in the company, valued at approximately $4,892,420.93. The trade was a 8.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 $22,817,808.68. The trade was a 7.27 % decrease in their position. 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

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