Truist Financial Has Lowered Expectations for Wintrust Financial (NASDAQ:WTFC) Stock Price

Wintrust Financial (NASDAQ:WTFC) had its price objective cut by equities researchers at Truist Financial from $170.00 to $150.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the bank’s stock. Truist Financial’s price target suggests a potential upside of 9.89% from the company’s previous close.

WTFC has been the topic of several other research reports. UBS Group reissued a “buy” rating and set a $176.00 price objective on shares of Wintrust Financial in a research note on Wednesday, February 4th. Stephens upped their target price on shares of Wintrust Financial from $158.00 to $162.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Piper Sandler increased their target price on shares of Wintrust Financial from $161.00 to $184.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Wintrust Financial in a research report on Wednesday, January 21st. Finally, DA Davidson upped their price objective on shares of Wintrust Financial from $165.00 to $172.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $163.77.

Wintrust Financial Trading Up 3.0%

Shares of NASDAQ:WTFC traded up $3.98 during midday trading on Monday, hitting $136.51. The company had a trading volume of 105,772 shares, compared to its average volume of 512,208. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.66. Wintrust Financial has a 12 month low of $89.10 and a 12 month high of $162.96. The firm has a fifty day simple moving average of $146.36 and a 200 day simple moving average of $138.67. The stock has a market cap of $9.18 billion, a price-to-earnings ratio of 11.99 and a beta of 0.85.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Tuesday, January 20th. The bank reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.22. Wintrust Financial had a return on equity of 12.95% and a net margin of 19.48%.The firm had revenue of $714.26 million for the quarter, compared to analyst estimates of $700.85 million. During the same quarter in the prior year, the firm posted $2.63 earnings per share. On average, analysts predict that Wintrust Financial will post 10.36 EPS for the current year.

Insider Activity at Wintrust Financial

In related news, EVP Jeffrey D. Hahnfeld sold 314 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $145.43, for a total transaction of $45,665.02. Following the transaction, the executive vice president directly owned 1,947 shares of the company’s stock, valued at approximately $283,152.21. The trade was a 13.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard B. Murphy sold 3,291 shares of the stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $146.05, for a total transaction of $480,650.55. Following the completion of the transaction, the insider directly owned 46,049 shares in the company, valued at $6,725,456.45. The trade was a 6.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,662 shares of company stock worth $1,705,730 in the last three months. 1.01% of the stock is owned by company insiders.

Hedge Funds Weigh In On Wintrust Financial

A number of large investors have recently made changes to their positions in WTFC. Rockefeller Capital Management L.P. boosted its holdings in Wintrust Financial by 14.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 7,012 shares of the bank’s stock valued at $980,000 after purchasing an additional 876 shares during the period. World Investment Advisors increased its holdings in shares of Wintrust Financial by 4.7% during the fourth quarter. World Investment Advisors now owns 5,154 shares of the bank’s stock worth $721,000 after purchasing an additional 230 shares during the period. Corient Private Wealth LLC increased its holdings in shares of Wintrust Financial by 21.0% during the fourth quarter. Corient Private Wealth LLC now owns 11,269 shares of the bank’s stock worth $1,581,000 after purchasing an additional 1,952 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of Wintrust Financial in the fourth quarter valued at approximately $1,570,000. Finally, Rehmann Capital Advisory Group boosted its stake in shares of Wintrust Financial by 23.5% in the fourth quarter. Rehmann Capital Advisory Group now owns 2,524 shares of the bank’s stock valued at $354,000 after buying an additional 481 shares during the period. 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.