Wintrust Financial Co. (NASDAQ:WTFC) Given Average Rating of “Buy” by Brokerages

Shares of Wintrust Financial Co. (NASDAQ:WTFC) have been assigned an average recommendation of “Buy” from the ten analysts that are currently covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $112.33.

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Wintrust Financial from $103.00 to $106.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. Raymond James boosted their price objective on shares of Wintrust Financial from $95.00 to $115.00 and gave the company a “strong-buy” rating in a research note on Friday, January 19th. Jefferies Financial Group boosted their price objective on shares of Wintrust Financial from $114.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Stephens reissued an “overweight” rating and set a $110.00 price objective on shares of Wintrust Financial in a research note on Tuesday, April 16th. Finally, Truist Financial decreased their price target on shares of Wintrust Financial from $117.00 to $112.00 and set a “buy” rating for the company in a research report on Monday, April 22nd.

Wintrust Financial Trading Down 0.2 %

Shares of WTFC opened at $99.01 on Friday. The stock has a fifty day moving average of $98.56 and a two-hundred day moving average of $91.62. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.97 and a current ratio of 0.98. The company has a market capitalization of $6.11 billion, a PE ratio of 10.24 and a beta of 1.21. Wintrust Financial has a fifty-two week low of $58.12 and a fifty-two week high of $105.29.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.47. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.09%. The company had revenue of $604.77 million during the quarter, compared to analysts’ expectations of $577.80 million. During the same period in the previous year, the company earned $2.80 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, analysts forecast that Wintrust Financial will post 10.12 EPS for the current year.

Insider Buying and Selling

In other Wintrust Financial news, insider Edward J. Wehmer sold 9,500 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total value of $943,920.00. Following the completion of the transaction, the insider now directly owns 177,124 shares of the company’s stock, valued at approximately $17,599,040.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Wintrust Financial news, insider Edward J. Wehmer sold 9,500 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total value of $943,920.00. Following the completion of the transaction, the insider now directly owns 177,124 shares of the company’s stock, valued at approximately $17,599,040.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total transaction of $57,553.44. Following the completion of the transaction, the executive vice president now directly owns 3,410 shares of the company’s stock, valued at $333,770.80. The disclosure for this sale can be found here. In the last three months, insiders sold 10,309 shares of company stock valued at $1,023,730. Company insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On Wintrust Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Wintrust Financial by 11.5% in the 3rd quarter. FMR LLC now owns 4,651,381 shares of the bank’s stock valued at $351,179,000 after purchasing an additional 480,942 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Wintrust Financial by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,866,032 shares of the bank’s stock valued at $265,829,000 after purchasing an additional 80,526 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Wintrust Financial by 4.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,843,679 shares of the bank’s stock valued at $171,001,000 after purchasing an additional 79,672 shares in the last quarter. Capital International Investors raised its stake in shares of Wintrust Financial by 79.5% in the 4th quarter. Capital International Investors now owns 1,566,003 shares of the bank’s stock valued at $145,247,000 after purchasing an additional 693,452 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its stake in shares of Wintrust Financial by 21.5% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,172,242 shares of the bank’s stock valued at $88,504,000 after purchasing an additional 207,606 shares in the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.

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.