Wintrust Financial (NASDAQ:WTFC) PT Raised to $115.00 at Citigroup

Wintrust Financial (NASDAQ:WTFCGet Free Report) had its target price raised by research analysts at Citigroup from $114.00 to $115.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the bank’s stock. Citigroup’s target price points to a potential upside of 17.20% from the stock’s previous close.

Several other research analysts have also issued reports on the company. Truist Financial increased their target price on Wintrust Financial from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Barclays began coverage on Wintrust Financial in a report on Friday, March 8th. They set an “overweight” rating and a $135.00 price target on the stock. UBS Group raised their price objective on Wintrust Financial from $105.00 to $113.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. StockNews.com lowered Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Finally, Raymond James boosted their target price on Wintrust Financial from $95.00 to $115.00 and gave the company a “strong-buy” rating in a research report on Friday, January 19th. One research analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $107.17.

View Our Latest Research Report on Wintrust Financial

Wintrust Financial Price Performance

Wintrust Financial stock opened at $98.12 on Monday. Wintrust Financial has a 52 week low of $58.12 and a 52 week high of $100.71. The business has a 50-day simple moving average of $96.32 and a 200 day simple moving average of $87.14. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.73. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 10.24 and a beta of 1.20.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last posted its quarterly earnings data on Thursday, January 18th. The bank reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.55). Wintrust Financial had a return on equity of 13.23% and a net margin of 18.71%. The firm had revenue of $570.80 million during the quarter, compared to analysts’ expectations of $578.89 million. During the same quarter in the previous year, the company posted $2.23 earnings per share. On average, research analysts forecast that Wintrust Financial will post 9.95 earnings per share for the current fiscal year.

Insider Activity at Wintrust Financial

In other news, EVP Jeffrey D. Hahnfeld sold 588 shares of Wintrust Financial stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total transaction of $57,553.44. Following the sale, the executive vice president now owns 3,410 shares of the company’s stock, valued at approximately $333,770.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Edward J. Wehmer sold 9,500 shares of Wintrust Financial stock in a transaction that occurred on 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 sale, the insider now owns 177,124 shares in the company, valued at approximately $17,599,040.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of Wintrust Financial stock in a transaction that occurred on 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 sale, the executive vice president now owns 3,410 shares of the company’s stock, valued at approximately $333,770.80. The disclosure for this sale can be found here. 1.39% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Wintrust Financial

Several institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its position in shares of Wintrust Financial by 4.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,015 shares of the bank’s stock worth $255,000 after purchasing an additional 123 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Wintrust Financial by 6.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,048 shares of the bank’s stock worth $172,000 after purchasing an additional 126 shares during the last quarter. Advisor Group Holdings Inc. lifted its position in Wintrust Financial by 3.4% in the fourth quarter. Advisor Group Holdings Inc. now owns 4,135 shares of the bank’s stock valued at $351,000 after acquiring an additional 135 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in Wintrust Financial by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 26,713 shares of the bank’s stock valued at $2,017,000 after acquiring an additional 140 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Wintrust Financial by 5.3% in the third quarter. Signaturefd LLC now owns 3,028 shares of the bank’s stock valued at $229,000 after acquiring an additional 153 shares during the last quarter. Institutional investors and hedge funds own 92.00% of the company’s stock.

Wintrust Financial Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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