Wintrust Financial’s (WTFC) Buy Rating Reiterated at DA Davidson

Wintrust Financial (NASDAQ:WTFC)‘s stock had its “buy” rating restated by DA Davidson in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $185.00 price target on the bank’s stock. DA Davidson’s price target would indicate a potential upside of 14.83% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Royal Bank Of Canada increased their price objective on Wintrust Financial from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Citigroup boosted their target price on Wintrust Financial from $178.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. TD Cowen upped their target price on shares of Wintrust Financial from $173.00 to $176.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Truist Financial dropped their price target on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Finally, Stephens started coverage on shares of Wintrust Financial in a research note on Friday, March 27th. They issued an “equal weight” rating and a $160.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Wintrust Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.58.

Wintrust Financial Stock Up 0.5%

NASDAQ WTFC traded up $0.74 during mid-day trading on Tuesday, reaching $161.11. The stock had a trading volume of 110,968 shares, compared to its average volume of 480,586. The stock has a market cap of $10.87 billion, a PE ratio of 13.51 and a beta of 0.85. Wintrust Financial has a 1 year low of $119.61 and a 1 year high of $163.36. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. The company has a fifty day moving average price of $151.80 and a 200 day moving average price of $146.94.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, April 20th. The bank reported $3.22 EPS for the quarter, beating the consensus estimate of $2.96 by $0.26. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The business had revenue of $713.17 million for the quarter, compared to the consensus estimate of $707.23 million. During the same period last year, the business posted $2.69 EPS. The company’s revenue was up 10.9% compared to the same quarter last year. On average, research analysts expect that Wintrust Financial will post 13.09 earnings per share for the current year.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, Director Suzet M. Mckinney sold 500 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $148.96, for a total transaction of $74,480.00. Following the completion of the sale, the director directly owned 3,303 shares in the company, valued at $492,014.88. The trade was a 13.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO David A. Dykstra sold 9,579 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $148.82, for a total value of $1,425,546.78. Following the sale, the chief operating officer owned 179,810 shares of the company’s stock, valued at approximately $26,759,324.20. This represents a 5.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 13,099 shares of company stock worth $1,954,386. 1.24% of the stock is owned by insiders.

Hedge Funds Weigh In On Wintrust Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. Advisors Asset Management Inc. bought a new stake in Wintrust Financial during the first quarter valued at approximately $27,000. Elyxium Wealth LLC bought a new position in Wintrust Financial in the fourth quarter worth approximately $31,000. Creative Financial Designs Inc. ADV boosted its stake in shares of Wintrust Financial by 231.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock worth $32,000 after acquiring an additional 160 shares during the last quarter. Harbour Investments Inc. boosted its stake in shares of Wintrust Financial by 72.7% during the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after acquiring an additional 101 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Wintrust Financial during the 1st quarter valued at $35,000. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Company Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.