Wintrust Financial (NASDAQ:WTFC) Price Target Cut to $112.00

Wintrust Financial (NASDAQ:WTFC) had its price objective lowered by research analysts at Truist Financial from $117.00 to $112.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the bank’s stock. Truist Financial’s target price would indicate a potential upside of 12.13% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. Citigroup cut their target price on Wintrust Financial from $115.00 to $113.00 and set a “buy” rating on the stock in a research report on Monday. Wedbush reaffirmed an “outperform” rating and set a $116.00 price target on shares of Wintrust Financial in a research report on Thursday, April 18th. Jefferies Financial Group lifted their price target on Wintrust Financial from $114.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Barclays cut their price target on Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Finally, Stephens reissued an “overweight” rating and issued a $110.00 target price on shares of Wintrust Financial in a report on Tuesday, April 16th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Wintrust Financial presently has a consensus rating of “Buy” and a consensus price target of $112.33.

Wintrust Financial Stock Performance

Shares of Wintrust Financial stock opened at $99.88 on Monday. The business has a 50-day moving average of $98.38 and a 200 day moving average of $91.33. Wintrust Financial has a 12 month low of $58.12 and a 12 month high of $105.29. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 10.33 and a beta of 1.21. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.98 and a quick ratio of 0.97.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.47. The business had revenue of $604.77 million during the quarter, compared to analysts’ expectations of $577.80 million. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.80 EPS. As a group, sell-side analysts forecast that Wintrust Financial will post 10.02 earnings per share for the current year.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, EVP Jeffrey D. Hahnfeld sold 588 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total transaction of $57,553.44. Following the transaction, 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 document filed with the SEC, which is available at this link. In other news, insider Edward J. Wehmer sold 9,500 shares of Wintrust Financial stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $99.36, for a total transaction of $943,920.00. Following the transaction, the insider now directly owns 177,124 shares in the company, valued at approximately $17,599,040.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total value of $57,553.44. Following the sale, the executive vice president now directly owns 3,410 shares of the company’s stock, valued at $333,770.80. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by company insiders.

Institutional Trading of Wintrust Financial

Several hedge funds and other institutional investors have recently modified their holdings of the business. Johnson Financial Group Inc. purchased a new position in Wintrust Financial in the fourth quarter valued at about $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Wintrust Financial during the 1st quarter worth about $27,000. Quent Capital LLC lifted its position in shares of Wintrust Financial by 120.8% during the 4th quarter. Quent Capital LLC now owns 351 shares of the bank’s stock worth $33,000 after purchasing an additional 192 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Wintrust Financial during the 4th quarter worth about $41,000. Finally, McGlone Suttner Wealth Management Inc. bought a new position in Wintrust Financial during the fourth quarter valued at about $46,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

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.