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

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

WTFC has been the subject of a number of other reports. Barclays reduced their price objective on shares of Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Wedbush restated an “outperform” rating and issued a $116.00 price objective on shares of Wintrust Financial in a research note on Thursday, April 18th. Citigroup reduced their price objective on shares of Wintrust Financial from $115.00 to $113.00 and set a “buy” rating for the company in a research note on Monday. Stephens restated an “overweight” rating and issued a $110.00 price objective on shares of Wintrust Financial in a research note on Tuesday, April 16th. Finally, UBS Group boosted their price objective on shares of Wintrust Financial from $105.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $112.33.

Wintrust Financial Stock Performance

Shares of WTFC opened at $99.88 on Monday. Wintrust Financial has a one year low of $58.12 and a one year high of $105.29. The company has a 50-day moving average of $98.38 and a two-hundred day moving average of $91.33. The stock has a market cap 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 issued its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.47. The firm had revenue of $604.77 million for the quarter, compared to analyst estimates of $577.80 million. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.09%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.80 earnings per share. On average, equities research analysts expect that Wintrust Financial will post 10.02 earnings per share for the current year.

Insider Transactions at Wintrust Financial

In related news, insider Edward J. Wehmer sold 9,500 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the transaction, the insider now owns 177,124 shares in the company, valued at approximately $17,599,040.64. The sale 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 the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the transaction, the insider now owns 177,124 shares in the company, valued at approximately $17,599,040.64. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $333,770.80. The disclosure for this sale can be found here. 1.47% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WTFC. Johnson Financial Group Inc. bought a new stake in shares of Wintrust Financial in the 4th quarter valued at about $25,000. Opal Wealth Advisors LLC bought a new stake in shares of Wintrust Financial in the 1st quarter valued at about $27,000. Quent Capital LLC increased its stake in shares of Wintrust Financial by 120.8% in the 4th quarter. Quent Capital LLC now owns 351 shares of the bank’s stock valued at $33,000 after acquiring an additional 192 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Wintrust Financial in the 4th quarter valued at about $41,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in Wintrust Financial during the 4th quarter worth approximately $46,000. 93.48% of the stock is currently 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.