Wintrust Financial (NASDAQ:WTFC) Earns “Neutral” Rating from UBS Group

Wintrust Financial (NASDAQ:WTFC)‘s stock had its “neutral” rating restated by investment analysts at UBS Group in a research note issued on Tuesday,Benzinga reports. They presently have a $170.00 target price on the bank’s stock. UBS Group’s price objective would suggest a potential upside of 4.43% from the company’s current price.

A number of other research analysts have also weighed in on the company. Stephens began coverage on Wintrust Financial in a research report on Friday, March 27th. They set an “equal weight” rating and a $160.00 price objective for the company. DA Davidson reissued a “buy” rating and issued a $185.00 target price on shares of Wintrust Financial in a research note on Tuesday, June 30th. Weiss Ratings restated a “buy (b)” rating on shares of Wintrust Financial in a report on Monday, June 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $188.00 price target (up from $184.00) on shares of Wintrust Financial in a research report on Wednesday, April 22nd. Finally, Barclays upped their price target on shares of Wintrust Financial from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Wintrust Financial has an average rating of “Moderate Buy” and a consensus price target of $170.08.

Wintrust Financial Trading Up 1.0%

NASDAQ:WTFC opened at $162.79 on Tuesday. The firm has a market capitalization of $10.98 billion, a P/E ratio of 13.65 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. Wintrust Financial has a one year low of $119.61 and a one year high of $164.00. The company’s 50-day simple moving average is $153.06 and its 200 day simple moving average is $147.66.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, April 20th. The bank reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $0.26. Wintrust Financial had a net margin of 20.11% and a return on equity of 13.15%. The firm had revenue of $713.17 million during the quarter, compared to analyst estimates of $707.23 million. During the same period last year, the business earned $2.69 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. As a group, analysts forecast that Wintrust Financial will post 13.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Suzet M. Mckinney sold 500 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were 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 of the company’s stock, valued at $492,014.88. This trade represents a 13.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO David A. Dykstra sold 9,579 shares of Wintrust Financial stock in a transaction that occurred 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 completion of the sale, the chief operating officer owned 179,810 shares of the company’s stock, valued at $26,759,324.20. This represents a 5.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 13,099 shares of company stock valued at $1,954,386. 1.24% of the stock is owned by insiders.

Institutional Investors Weigh In On Wintrust Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in WTFC. Advisors Asset Management Inc. purchased a new position in shares of Wintrust Financial in the 1st quarter worth $27,000. Jones Financial Companies Lllp increased its position in Wintrust Financial by 49.0% during the first quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock valued at $115,000 after acquiring an additional 335 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Wintrust Financial by 7.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank’s stock valued at $20,179,000 after acquiring an additional 12,103 shares during the period. EverSource Wealth Advisors LLC boosted its position in Wintrust Financial by 400.0% in the second quarter. EverSource Wealth Advisors LLC now owns 400 shares of the bank’s stock worth $50,000 after purchasing an additional 320 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in Wintrust Financial by 1.6% in the second quarter. Cerity Partners LLC now owns 23,120 shares of the bank’s stock worth $2,866,000 after purchasing an additional 355 shares during the last quarter. Hedge funds and other 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.