Wintrust Financial (NASDAQ:WTFC) Stock Price Expected to Rise, Barclays Analyst Says

Wintrust Financial (NASDAQ:WTFC) had its target price upped by analysts at Barclays from $130.00 to $151.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the bank’s stock. Barclays‘s price target would suggest a potential upside of 10.42% from the stock’s current price.

A number of other equities research analysts have also issued reports on WTFC. DA Davidson lifted their target price on Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Truist Financial lifted their target price on Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Citigroup lifted their target price on Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Wedbush reissued an “outperform” rating and issued a $130.00 target price on shares of Wintrust Financial in a research report on Tuesday, October 22nd. Finally, Piper Sandler lifted their target price on Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $124.62.

Wintrust Financial Trading Up 0.2 %

NASDAQ WTFC opened at $136.75 on Thursday. The firm has a market cap of $9.09 billion, a P/E ratio of 14.15 and a beta of 1.18. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 1.01. The stock’s 50-day moving average is $121.47 and its 200-day moving average is $108.43. Wintrust Financial has a one year low of $89.29 and a one year high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). The business had revenue of $615.73 million for the quarter, compared to analyst estimates of $623.45 million. Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.53 EPS. Sell-side analysts anticipate that Wintrust Financial will post 10.12 earnings per share for the current fiscal year.

Insider Transactions at Wintrust Financial

In other news, CFO David L. Stoehr sold 1,607 shares of Wintrust Financial stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total transaction of $182,330.22. Following the completion of the transaction, the chief financial officer now directly owns 14,874 shares in the company, valued at approximately $1,687,604.04. The trade was a 9.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO David A. Dykstra sold 15,492 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total value of $1,789,016.16. Following the transaction, the chief operating officer now owns 197,591 shares of the company’s stock, valued at $22,817,808.68. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 21,198 shares of company stock worth $2,445,314. 1.47% of the stock is owned by company insiders.

Institutional Trading of Wintrust Financial

Several institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its stake in Wintrust Financial by 14.1% in the 3rd quarter. FMR LLC now owns 5,153,999 shares of the bank’s stock valued at $559,364,000 after purchasing an additional 637,072 shares during the period. Dimensional Fund Advisors LP boosted its stake in Wintrust Financial by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank’s stock valued at $297,376,000 after purchasing an additional 146,090 shares during the period. State Street Corp boosted its stake in Wintrust Financial by 5.1% in the 3rd quarter. State Street Corp now owns 2,627,561 shares of the bank’s stock valued at $285,169,000 after purchasing an additional 126,724 shares during the period. Principal Financial Group Inc. boosted its stake in Wintrust Financial by 11.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock valued at $141,981,000 after purchasing an additional 133,311 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Wintrust Financial by 8.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,155,726 shares of the bank’s stock valued at $125,464,000 after purchasing an additional 92,995 shares during the period. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Company Profile

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.