Truist Financial Cuts Wintrust Financial (NASDAQ:WTFC) Price Target to $150.00

Wintrust Financial (NASDAQ:WTFC) had its target price decreased by research analysts at Truist Financial from $170.00 to $150.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the bank’s stock. Truist Financial’s target price points to a potential upside of 9.89% from the company’s current price.

Several other research firms have also recently weighed in on WTFC. TD Cowen increased their price objective on Wintrust Financial from $170.00 to $177.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Barclays upped their target price on shares of Wintrust Financial from $178.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Wintrust Financial in a research report on Wednesday, January 21st. Piper Sandler boosted their price objective on shares of Wintrust Financial from $161.00 to $184.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. Finally, Stephens upped their price objective on shares of Wintrust Financial from $158.00 to $162.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $163.77.

Wintrust Financial Stock Up 3.0%

WTFC traded up $3.98 during midday trading on Monday, hitting $136.51. 105,772 shares of the company’s stock traded hands, compared to its average volume of 512,208. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.99. The company has a market cap of $9.18 billion, a PE ratio of 11.99 and a beta of 0.85. The stock’s fifty day simple moving average is $146.36 and its 200-day simple moving average is $138.67. Wintrust Financial has a one year low of $89.10 and a one year high of $162.96.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Tuesday, January 20th. The bank reported $3.15 EPS for the quarter, topping the consensus estimate of $2.93 by $0.22. The company had revenue of $714.26 million for the quarter, compared to analyst estimates of $700.85 million. Wintrust Financial had a net margin of 19.48% and a return on equity of 12.95%. During the same quarter in the prior year, the business posted $2.63 EPS. As a group, equities analysts anticipate that Wintrust Financial will post 10.36 earnings per share for the current fiscal year.

Insider Activity at Wintrust Financial

In other news, CFO David L. Stoehr sold 2,499 shares of Wintrust Financial stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $146.16, for a total transaction of $365,253.84. Following the sale, the chief financial officer directly owned 18,638 shares in the company, valued at approximately $2,724,130.08. The trade was a 11.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kathleen M. Boege sold 5,000 shares of the stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $146.38, for a total transaction of $731,900.00. Following the completion of the transaction, the executive vice president directly owned 22,883 shares of the company’s stock, valued at $3,349,613.54. This trade represents a 17.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,662 shares of company stock worth $1,705,730 in the last ninety days. Company insiders own 1.01% of the company’s stock.

Hedge Funds Weigh In On Wintrust Financial

Several institutional investors have recently bought and sold shares of WTFC. Root Financial Partners LLC bought a new stake in Wintrust Financial during the 3rd quarter worth about $27,000. Advisors Asset Management Inc. bought a new position in shares of Wintrust Financial in the 1st quarter valued at about $27,000. Elyxium Wealth LLC bought a new position in shares of Wintrust Financial in the 4th quarter valued at about $31,000. Creative Financial Designs Inc. ADV grew its position in shares of Wintrust Financial by 231.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock worth $32,000 after buying an additional 160 shares during the period. Finally, Harbour Investments Inc. grew its position in shares of Wintrust Financial by 72.7% during the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after buying an additional 101 shares during the period. Institutional investors own 93.48% of the company’s stock.

About Wintrust Financial

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.