Wintrust Financial (NASDAQ:WTFC) Coverage Initiated at UBS Group

Research analysts at UBS Group began coverage on shares of Wintrust Financial (NASDAQ:WTFC) in a research report issued on Tuesday. The firm set a “buy” rating on the bank’s stock.

A number of other equities research analysts have also issued reports on the company. Wedbush restated an “outperform” rating and issued a $130.00 target price on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Citigroup increased their price objective on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Truist Financial increased their target price on Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Piper Sandler boosted their target price on shares of Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Barclays upped their price target on shares of Wintrust Financial from $130.00 to $151.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.62.

Wintrust Financial Price Performance

Shares of NASDAQ WTFC traded down $1.17 during midday trading on Tuesday, reaching $130.47. The company’s stock had a trading volume of 93,471 shares, compared to its average volume of 385,608. Wintrust Financial has a fifty-two week low of $89.68 and a fifty-two week high of $142.04. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02. The company has a market cap of $8.67 billion, a P/E ratio of 13.66 and a beta of 1.18. The business’s 50 day moving average price is $125.30 and its two-hundred day moving average price is $110.31.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The firm had revenue of $615.73 million for the quarter, compared to analysts’ expectations of $623.45 million. During the same period in the prior year, the company earned $2.53 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. On average, analysts forecast that Wintrust Financial will post 10.12 EPS for the current fiscal year.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, CFO David L. Stoehr sold 1,607 shares of the business’s 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 transaction, the chief financial officer now owns 14,874 shares of the company’s stock, valued at approximately $1,687,604.04. The trade was a 9.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO David A. Dykstra sold 15,492 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the completion of the transaction, the chief operating officer now owns 197,591 shares of the company’s stock, valued at $22,817,808.68. This trade represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,198 shares of company stock worth $2,445,314. Insiders own 1.47% of the company’s stock.

Institutional Trading of Wintrust Financial

A number of institutional investors and hedge funds have recently modified their holdings of the business. Lord Abbett & CO. LLC increased its position in Wintrust Financial by 6.2% during the third quarter. Lord Abbett & CO. LLC now owns 286,341 shares of the bank’s stock worth $31,076,000 after buying an additional 16,668 shares during the last quarter. Retirement Systems of Alabama grew its holdings in Wintrust Financial by 6.0% during the 3rd quarter. Retirement Systems of Alabama now owns 80,782 shares of the bank’s stock worth $8,767,000 after acquiring an additional 4,562 shares during the period. Tidal Investments LLC boosted its holdings in Wintrust Financial by 2.0% during the third quarter. Tidal Investments LLC now owns 8,656 shares of the bank’s stock worth $939,000 after buying an additional 172 shares during the last quarter. World Investment Advisors LLC lifted its holdings in Wintrust Financial by 16.8% during the third quarter. World Investment Advisors LLC now owns 2,479 shares of the bank’s stock worth $269,000 after acquiring an additional 356 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in Wintrust Financial by 23.3% in the third quarter. Sanctuary Advisors LLC now owns 12,669 shares of the bank’s stock valued at $1,375,000 after buying an additional 2,392 shares in the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

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.