TD Cowen Issues Pessimistic Forecast for Wintrust Financial (NASDAQ:WTFC) Stock Price

Wintrust Financial (NASDAQ:WTFC) had its price target dropped by equities researchers at TD Cowen from $183.00 to $173.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the bank’s stock. TD Cowen’s target price suggests a potential upside of 19.36% from the stock’s current price.

Several other analysts have also weighed in on WTFC. Raymond James Financial initiated coverage on shares of Wintrust Financial in a research report on Tuesday, July 7th. They set an “outperform” rating and a $180.00 target price on the stock. Brean Capital lowered shares of Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 price target for the company. in a research report on Tuesday, July 21st. Wall Street Zen raised Wintrust Financial from a “sell” rating to a “hold” rating in a report on Saturday, September 26th. DA Davidson upped their price objective on Wintrust Financial from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Finally, UBS Group reissued a “neutral” rating and issued a $170.00 target price on shares of Wintrust Financial in a report on Tuesday, July 7th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Wintrust Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.29.

Wintrust Financial Stock Down 0.2%

Shares of WTFC stock opened at $144.94 on Monday. The stock has a market cap of $9.78 billion, a P/E ratio of 11.64 and a beta of 0.89. Wintrust Financial has a one year low of $119.61 and a one year high of $167.21. The stock has a fifty day moving average price of $152.64 and a 200 day moving average price of $151.73. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.15. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The firm had revenue of $738.63 million for the quarter, compared to the consensus estimate of $735.36 million. During the same quarter in the previous year, the company earned $2.78 earnings per share. The business’s revenue was up 10.1% compared to the same quarter last year. Analysts predict that Wintrust Financial will post 13.07 earnings per share for the current year.

Insider Buying and Selling at Wintrust Financial

In other news, COO David Dykstra sold 13,515 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following the completion of the sale, the chief operating officer owned 166,449 shares of the company’s stock, valued at approximately $27,092,903.73. This trade represents a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.24% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Wintrust Financial during the 2nd quarter valued at $27,000. Harbour Investments Inc. boosted its stake in Wintrust Financial by 72.7% in the fourth quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after purchasing an additional 101 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Wintrust Financial in the first quarter worth $35,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Wintrust Financial during the second quarter worth $36,000. Finally, Leonteq Securities AG acquired a new stake in shares of Wintrust Financial in the first quarter valued at $40,000. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Company Profile

Wintrust Financial Corporation (NASDAQ: WTFC) is a financial holding company headquartered in Rosemont, Illinois. Founded in 1991, the company operates a network of community banks serving individuals, families and businesses primarily in the Chicago metropolitan area, southern Wisconsin and northwest Indiana.

Wintrust’s banking subsidiaries provide deposit accounts, commercial and consumer lending, residential mortgages, treasury management, trust and investment services, and other traditional banking products.