Wintrust Financial (NASDAQ:WTFC) Research Coverage Started at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Wintrust Financial (NASDAQ:WTFC – Get Rating) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the bank’s stock.

Other equities research analysts have also recently issued reports about the stock. Truist Financial reduced their target price on shares of Wintrust Financial from $112.00 to $102.00 in a research report on Friday, December 9th. Royal Bank of Canada reduced their target price on shares of Wintrust Financial from $108.00 to $95.00 and set an “outperform” rating for the company in a research report on Tuesday. Hovde Group upgraded shares of Wintrust Financial from a “market perform” rating to an “outperform” rating and set a $108.00 price objective for the company in a research report on Wednesday, February 1st. Raymond James cut their price objective on shares of Wintrust Financial from $118.00 to $110.00 and set a “strong-buy” rating for the company in a research report on Friday, January 20th. Finally, UBS Group raised their price objective on shares of Wintrust Financial to $100.00 in a research report on Wednesday, November 16th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $106.70.

Wintrust Financial Price Performance

Shares of NASDAQ WTFC opened at $71.38 on Thursday. The firm has a 50-day simple moving average of $89.05 and a 200-day simple moving average of $87.83. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 8.92, a price-to-earnings-growth ratio of 0.43 and a beta of 1.20. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.82. Wintrust Financial has a 52 week low of $57.48 and a 52 week high of $98.54.

Insiders Place Their Bets

In related news, Director H Patrick Hackett, Jr. bought 7,100 shares of the stock in a transaction on Monday, March 13th. The stock was bought at an average price of $73.31 per share, with a total value of $520,501.00. Following the completion of the purchase, the director now directly owns 47,173 shares in the company, valued at approximately $3,458,252.63. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.41% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WTFC. Private Trust Co. NA lifted its stake in Wintrust Financial by 48.9% in the third quarter. Private Trust Co. NA now owns 411 shares of the bank’s stock worth $34,000 after acquiring an additional 135 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Wintrust Financial by 37.3% in the third quarter. Parkside Financial Bank & Trust now owns 464 shares of the bank’s stock worth $38,000 after acquiring an additional 126 shares during the last quarter. Coppell Advisory Solutions Corp. purchased a new position in Wintrust Financial in the fourth quarter worth approximately $44,000. BDO Wealth Advisors LLC raised its holdings in Wintrust Financial by 6,200.0% during the fourth quarter. BDO Wealth Advisors LLC now owns 567 shares of the bank’s stock worth $48,000 after purchasing an additional 558 shares in the last quarter. Finally, Romano Brothers AND Company acquired a new stake in Wintrust Financial during the fourth quarter worth approximately $71,000. Hedge funds and other institutional investors own 89.47% of the company’s stock.

Wintrust Financial Company Profile

(Get Rating)

Wintrust Financial Corp. operates as holding company, which engages in the provision of banking and financial services. It operates through the following segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment provides community-oriented, personal, and commercial banking services to customers located in its market area.