Wintrust Financial (NASDAQ:WTFC) Stock Rating Lowered by Wall Street Zen

Wintrust Financial (NASDAQ:WTFCGet Free Report) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other equities analysts have also issued reports on the company. Piper Sandler reiterated an “above average” rating on shares of Wintrust Financial in a research report on Wednesday, April 23rd. Truist Financial reduced their price target on shares of Wintrust Financial from $150.00 to $137.00 and set a “buy” rating for the company in a report on Friday, April 25th. Jefferies Financial Group set a $145.00 price objective on shares of Wintrust Financial and gave the stock a “buy” rating in a report on Wednesday, May 21st. Raymond James Financial set a $143.00 target price on shares of Wintrust Financial and gave the stock a “strong-buy” rating in a research note on Wednesday, April 23rd. Finally, Stephens lowered their target price on Wintrust Financial from $145.00 to $132.00 and set an “overweight” rating for the company in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Wintrust Financial presently has an average rating of “Moderate Buy” and an average target price of $135.77.

Check Out Our Latest Analysis on WTFC

Wintrust Financial Trading Down 0.7%

Shares of NASDAQ WTFC opened at $123.32 on Friday. Wintrust Financial has a twelve month low of $89.10 and a twelve month high of $142.04. The stock has a market cap of $8.25 billion, a price-to-earnings ratio of 12.20 and a beta of 0.82. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.68. The company’s fifty day moving average is $118.04 and its 200-day moving average is $119.78.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last posted its earnings results on Monday, April 21st. The bank reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.17. Wintrust Financial had a return on equity of 12.00% and a net margin of 17.32%. The firm had revenue of $643.11 million for the quarter, compared to analyst estimates of $643.11 million. During the same period in the previous year, the company posted $2.89 earnings per share. Equities research analysts predict that Wintrust Financial will post 10.36 EPS for the current year.

Institutional Trading of Wintrust Financial

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Earnest Partners LLC bought a new position in Wintrust Financial in the fourth quarter valued at approximately $163,767,000. Norges Bank bought a new stake in shares of Wintrust Financial during the 4th quarter worth approximately $94,906,000. Sei Investments Co. boosted its holdings in shares of Wintrust Financial by 261.4% in the 4th quarter. Sei Investments Co. now owns 698,628 shares of the bank’s stock valued at $87,126,000 after buying an additional 505,293 shares during the last quarter. Millennium Management LLC grew its stake in shares of Wintrust Financial by 539.2% in the first quarter. Millennium Management LLC now owns 594,711 shares of the bank’s stock valued at $66,881,000 after buying an additional 501,669 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Wintrust Financial during the first quarter worth $47,769,000. Institutional investors own 93.48% of the company’s stock.

About Wintrust Financial

(Get Free Report)

Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services.

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Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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