Wintrust Financial Corporation (NASDAQ:WTFC) Given Consensus Rating of “Moderate Buy” by Brokerages

Wintrust Financial Corporation (NASDAQ:WTFC) has received an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $177.7692.

A number of research analysts have issued reports on WTFC shares. Citigroup cut Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Tuesday. Truist Financial increased their target price on shares of Wintrust Financial from $170.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, July 10th. DA Davidson raised their price target on shares of Wintrust Financial from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday. Royal Bank Of Canada lifted their price target on shares of Wintrust Financial from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Finally, Raymond James Financial began coverage on shares of Wintrust Financial in a research note on Tuesday, July 7th. They issued an “outperform” rating and a $180.00 price objective for the company.

Insider Buying and Selling at Wintrust Financial

In related news, COO David A. Dykstra sold 9,579 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $148.82, for a total transaction of $1,425,546.78. Following the sale, the chief operating officer owned 179,810 shares of the company’s stock, valued at $26,759,324.20. This trade represents a 5.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Suzet M. Mckinney sold 500 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $148.96, for a total value 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 position. Additional details regarding this sale are available in the official SEC disclosure. 1.24% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Wintrust Financial

Several large investors have recently bought and sold shares of WTFC. Advisors Asset Management Inc. bought a new stake in shares of Wintrust Financial during the first quarter worth about $27,000. Elyxium Wealth LLC bought a new position in Wintrust Financial in the 4th quarter valued at approximately $31,000. Creative Financial Designs Inc. ADV boosted its position in 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 buying an additional 160 shares during the period. Harbour Investments Inc. boosted its position in 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 buying an additional 101 shares during the period. Finally, Measured Wealth Private Client Group LLC bought a new stake in Wintrust Financial during the 1st quarter worth approximately $35,000. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Trading Down 0.5%

Shares of WTFC stock opened at $157.77 on Friday. Wintrust Financial has a fifty-two week low of $119.61 and a fifty-two week high of $167.21. The stock’s fifty day moving average price is $156.16 and its two-hundred day moving average price is $149.43. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98. The company has a market cap of $10.64 billion, a PE ratio of 12.67 and a beta of 0.84.

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

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.