Wintrust Financial (NASDAQ:WTFC) Sets New 52-Week High – Should You Buy?

Shares of Wintrust Financial Corporation (NASDAQ:WTFC) reached a new 52-week high on Wednesday . The company traded as high as $164.00 and last traded at $161.45, with a volume of 693426 shares changing hands. The stock had previously closed at $162.79.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. DA Davidson reaffirmed a “buy” rating and set a $185.00 price target on shares of Wintrust Financial in a research report on Tuesday, June 30th. Raymond James Financial set a $180.00 target price on shares of Wintrust Financial in a research report on Tuesday. UBS Group reaffirmed a “neutral” rating and set a $170.00 target price on shares of Wintrust Financial in a report on Tuesday. Citigroup increased their price target on shares of Wintrust Financial from $178.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Truist Financial dropped their price target on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $172.17.

Wintrust Financial Stock Down 0.8%

The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $10.89 billion, a PE ratio of 13.53 and a beta of 0.84. The company’s 50 day moving average is $153.33 and its two-hundred day moving average is $147.80.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Monday, April 20th. The bank reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.26. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The business had revenue of $713.17 million during the quarter, compared to analysts’ expectations of $707.23 million. During the same quarter last year, the business posted $2.69 EPS. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, analysts anticipate that Wintrust Financial Corporation will post 13.09 earnings per share for the current year.

Insider Buying and Selling

In other Wintrust Financial news, COO David A. Dykstra sold 9,579 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $148.82, for a total transaction of $1,425,546.78. Following the sale, the chief operating officer directly owned 179,810 shares of the company’s stock, valued at $26,759,324.20. The trade was a 5.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David L. Stoehr sold 3,020 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $150.45, for a total value of $454,359.00. Following the sale, the chief financial officer owned 13,213 shares in the company, valued at approximately $1,987,895.85. This trade represents a 18.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 13,099 shares of company stock worth $1,954,386. Corporate insiders own 1.24% of the company’s stock.

Institutional Trading of Wintrust Financial

Several institutional investors and hedge funds have recently made changes to their positions in the business. Advisors Asset Management Inc. purchased a new stake in Wintrust Financial in the 1st quarter valued at about $27,000. Elyxium Wealth LLC bought a new stake in shares of Wintrust Financial during the fourth quarter valued at approximately $31,000. Creative Financial Designs Inc. ADV raised its stake in shares of Wintrust Financial by 231.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock valued at $32,000 after acquiring an additional 160 shares in the last quarter. Harbour Investments Inc. boosted its holdings in shares of Wintrust Financial by 72.7% in the fourth quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock valued at $34,000 after purchasing an additional 101 shares during the period. Finally, Measured Wealth Private Client Group LLC bought a new position in Wintrust Financial in the first quarter worth approximately $35,000. 93.48% of the stock is currently owned by institutional investors.

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.