Wintrust Financial (NASDAQ:WTFC) PT Lowered to $113.00 at Citigroup

Wintrust Financial (NASDAQ:WTFC) had its price objective lowered by Citigroup from $115.00 to $113.00 in a research report sent to investors on Monday, Benzinga reports. Citigroup currently has a buy rating on the bank’s stock.

A number of other analysts have also weighed in on the stock. Stephens reissued an overweight rating and issued a $110.00 price target on shares of Wintrust Financial in a report on Tuesday, April 16th. Wedbush reaffirmed an outperform rating and set a $116.00 target price on shares of Wintrust Financial in a report on Thursday, April 18th. Raymond James boosted their price target on shares of Wintrust Financial from $95.00 to $115.00 and gave the company a strong-buy rating in a report on Friday, January 19th. Jefferies Financial Group boosted their price objective on shares of Wintrust Financial from $114.00 to $120.00 and gave the company a buy rating in a research report on Monday, April 8th. Finally, StockNews.com raised shares of Wintrust Financial from a sell rating to a hold rating in a research report on Thursday, April 18th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Buy and a consensus price target of $112.33.

Wintrust Financial Stock Up 0.3 %

Shares of WTFC opened at $100.13 on Monday. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 10.35 and a beta of 1.21. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.78. Wintrust Financial has a 12 month low of $58.12 and a 12 month high of $105.29. The company has a 50-day moving average price of $98.49 and a two-hundred day moving average price of $91.40.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Thursday, April 18th. The bank reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.47. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.09%. The firm had revenue of $604.77 million during the quarter, compared to analysts’ expectations of $577.80 million. During the same quarter last year, the company earned $2.80 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts predict that Wintrust Financial will post 10.12 EPS for the current fiscal year.

Insider Activity at Wintrust Financial

In other news, EVP Jeffrey D. Hahnfeld sold 588 shares of the stock in a transaction 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 directly owns 3,410 shares in the company, valued at $333,770.80. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Jeffrey D. Hahnfeld sold 588 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total transaction of $57,553.44. Following the transaction, the executive vice president now directly owns 3,410 shares of the company’s stock, valued at $333,770.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward J. Wehmer sold 9,500 shares of the business’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 completion of the transaction, the insider now owns 177,124 shares in the company, valued at $17,599,040.64. The disclosure for this sale can be found here. Insiders sold a total of 10,309 shares of company stock valued at $1,023,730 in the last quarter. Insiders own 1.47% of the company’s stock.

Institutional Trading of Wintrust Financial

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

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.