DA Davidson Raises Wintrust Financial (NASDAQ:WTFC) Price Target to $190.00

Wintrust Financial (NASDAQ:WTFC) had its target price raised by stock analysts at DA Davidson from $185.00 to $190.00 in a report issued on Wednesday, Marketbeat reports. The brokerage currently has a “buy” rating on the bank’s stock. DA Davidson’s target price points to a potential upside of 20.43% from the company’s current price.

Several other equities research analysts also recently issued reports on the company. Royal Bank Of Canada lifted their price objective on Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Capital One Financial set a $170.00 target price on Wintrust Financial in a research note on Tuesday. Citigroup downgraded shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Tuesday. Truist Financial lifted their price target on shares of Wintrust Financial from $170.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Piper Sandler set a $186.00 price target on shares of Wintrust Financial in a report on Wednesday. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $177.77.

Wintrust Financial Stock Down 0.5%

Shares of Wintrust Financial stock opened at $157.77 on Wednesday. Wintrust Financial has a 1-year low of $119.61 and a 1-year high of $167.21. The company has a market capitalization of $10.64 billion, a PE ratio of 12.67 and a beta of 0.84. 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 business has a 50-day moving average of $156.16 and a 200-day moving average of $149.43.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Monday, July 20th. The bank reported $3.30 EPS for the quarter, topping the consensus estimate of $3.15 by $0.15. The business had revenue of $738.63 million for the quarter, compared to analysts’ expectations of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.78 earnings per share. As a group, equities analysts forecast that Wintrust Financial will post 13.03 EPS for the current fiscal year.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, Director Suzet M. Mckinney sold 500 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $148.96, for a total transaction of $74,480.00. Following the sale, the director owned 3,303 shares in the company, valued at $492,014.88. This represents a 13.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO David A. Dykstra sold 9,579 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $148.82, for a total value of $1,425,546.78. Following the transaction, the chief operating officer directly owned 179,810 shares in the company, valued at approximately $26,759,324.20. This represents a 5.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.24% of the company’s stock.

Hedge Funds Weigh In On Wintrust Financial

A number of hedge funds have recently added to or reduced their stakes in the business. Choreo LLC grew its holdings in Wintrust Financial by 3.4% during the 4th quarter. Choreo LLC now owns 2,121 shares of the bank’s stock worth $299,000 after acquiring an additional 69 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Wintrust Financial by 7.7% in the 1st quarter. Parallel Advisors LLC now owns 976 shares of the bank’s stock valued at $136,000 after purchasing an additional 70 shares during the last quarter. MeadowBrook Investment Advisors LLC grew its position in shares of Wintrust Financial by 3.0% during the 1st quarter. MeadowBrook Investment Advisors LLC now owns 2,545 shares of the bank’s stock worth $354,000 after buying an additional 75 shares during the period. GAMMA Investing LLC grew its position in shares of Wintrust Financial by 4.6% during the 4th quarter. GAMMA Investing LLC now owns 1,755 shares of the bank’s stock worth $245,000 after buying an additional 77 shares during the period. Finally, Quadrant Capital Group LLC raised its stake in shares of Wintrust Financial by 0.9% during the fourth quarter. Quadrant Capital Group LLC now owns 8,914 shares of the bank’s stock worth $1,246,000 after buying an additional 83 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

About Wintrust Financial

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.