Wintrust Financial (NASDAQ:WTFC) Upgraded to “Strong-Buy” at Truist Financial

Wintrust Financial (NASDAQ:WTFC) was upgraded by stock analysts at Truist Financial to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research firms have also weighed in on WTFC. Wedbush reissued an “outperform” rating and set a $130.00 price target on shares of Wintrust Financial in a research report on Tuesday, October 22nd. Barclays raised their target price on Wintrust Financial from $130.00 to $151.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Piper Sandler boosted their price target on shares of Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Citigroup raised their price objective on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, DA Davidson boosted their target price on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $128.00.

Wintrust Financial Trading Down 0.1 %

NASDAQ WTFC opened at $127.58 on Monday. The company has a market cap of $8.48 billion, a price-to-earnings ratio of 13.36 and a beta of 1.20. Wintrust Financial has a twelve month low of $89.68 and a twelve month high of $142.04. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. The business’s fifty day moving average is $129.41 and its 200 day moving average is $113.82.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). The company had revenue of $615.73 million during the quarter, compared to analyst estimates of $623.45 million. Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. Wintrust Financial’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.53 earnings per share. As a group, sell-side analysts expect that Wintrust Financial will post 10.12 EPS for the current fiscal year.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, CFO David L. Stoehr sold 1,607 shares of Wintrust Financial stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total transaction of $182,330.22. Following the completion of the transaction, the chief financial officer now owns 14,874 shares in the company, valued at approximately $1,687,604.04. The trade was a 9.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO David A. Dykstra sold 15,492 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total value of $1,789,016.16. Following the completion of the sale, the chief operating officer now directly owns 197,591 shares in the company, valued at approximately $22,817,808.68. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,198 shares of company stock valued at $2,445,314. Corporate insiders own 1.47% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in shares of Wintrust Financial during the third quarter valued at $35,000. UMB Bank n.a. grew its position in Wintrust Financial by 62.0% in the 3rd quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock worth $56,000 after purchasing an additional 196 shares during the period. Brooklyn Investment Group purchased a new stake in Wintrust Financial during the 3rd quarter valued at $61,000. Versant Capital Management Inc boosted its stake in shares of Wintrust Financial by 32.1% in the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock worth $67,000 after buying an additional 131 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of Wintrust Financial by 77.9% in the third quarter. Covestor Ltd now owns 653 shares of the bank’s stock worth $71,000 after acquiring an additional 286 shares during the period. 93.48% of the stock is owned by hedge funds and other 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.