Wintrust Financial (NASDAQ:WTFC) Rating Increased to Hold at StockNews.com

Wintrust Financial (NASDAQ:WTFC) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Several other brokerages have also commented on WTFC. Keefe, Bruyette & Woods boosted their price target on Wintrust Financial from $103.00 to $106.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. Citigroup boosted their target price on shares of Wintrust Financial from $114.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Wedbush reiterated an “outperform” rating and set a $116.00 target price on shares of Wintrust Financial in a research report on Thursday. Jefferies Financial Group lifted their price target on shares of Wintrust Financial from $114.00 to $120.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Truist Financial upped their price objective on shares of Wintrust Financial from $111.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $113.33.

Wintrust Financial Stock Performance

Shares of NASDAQ:WTFC traded up $0.34 during trading on Thursday, hitting $95.30. 765,331 shares of the stock were exchanged, compared to its average volume of 418,015. Wintrust Financial has a 1-year low of $58.12 and a 1-year high of $105.29. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 9.95 and a beta of 1.21. The company’s fifty day simple moving average is $98.11 and its 200-day simple moving average is $90.57. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.99 and a current ratio of 0.99.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Wednesday, April 17th. The bank reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.47. Wintrust Financial had a return on equity of 13.23% and a net margin of 18.71%. The company had revenue of $604.77 million for the quarter, compared to analyst estimates of $577.80 million. During the same quarter last year, the firm earned $2.80 EPS. Wintrust Financial’s revenue for the quarter was up 6.9% compared to the same quarter last year. Sell-side analysts expect that Wintrust Financial will post 9.9 EPS for the current fiscal year.

Insider Activity

In related news, insider Edward J. Wehmer sold 9,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $99.36, for a total value of $943,920.00. Following the completion of 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 Securities & Exchange Commission, which is available through the SEC website. In related news, insider Edward J. Wehmer sold 9,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $99.36, for a total value of $943,920.00. Following the completion of 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 Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total value of $57,553.44. Following the completion of the transaction, the executive vice president now 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.

Hedge Funds Weigh In On Wintrust Financial

A number of large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in 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 acquiring an additional 123 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in 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 acquiring an additional 126 shares during the last quarter. Advisor Group Holdings Inc. boosted its position in Wintrust Financial by 3.4% during the 4th quarter. Advisor Group Holdings Inc. now owns 4,135 shares of the bank’s stock worth $351,000 after acquiring an additional 135 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in Wintrust Financial by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 26,713 shares of the bank’s stock worth $2,017,000 after acquiring an additional 140 shares during the last quarter. Finally, Signaturefd LLC boosted its position in Wintrust Financial by 5.3% during the 3rd quarter. Signaturefd LLC now owns 3,028 shares of the bank’s stock worth $229,000 after acquiring an additional 153 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

About Wintrust Financial

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.