Royal Bank of Canada Reiterates Outperform Rating for Wintrust Financial (NASDAQ:WTFC)

Wintrust Financial (NASDAQ:WTFC)‘s stock had its “outperform” rating reissued by equities researchers at Royal Bank of Canada in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $152.00 target price on the bank’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 15.34% from the stock’s current price.

Several other equities analysts have also recently issued reports on WTFC. UBS Group initiated coverage on Wintrust Financial in a report on Tuesday, December 17th. They issued a “buy” rating and a $157.00 price target on the stock. StockNews.com cut shares of Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Wednesday. Piper Sandler boosted their price target on shares of Wintrust Financial from $151.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday. Raymond James reaffirmed a “strong-buy” rating and issued a $150.00 price objective (up from $135.00) on shares of Wintrust Financial in a research note on Thursday. Finally, Citigroup upped their target price on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Wintrust Financial currently has an average rating of “Moderate Buy” and a consensus target price of $133.69.

Wintrust Financial Trading Down 0.9 %

Shares of NASDAQ WTFC opened at $131.79 on Thursday. Wintrust Financial has a 1-year low of $89.68 and a 1-year high of $142.04. The company has a 50-day moving average of $131.10 and a two-hundred day moving average of $116.68. The company has a market cap of $8.76 billion, a PE ratio of 12.78 and a beta of 1.20. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.11. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same period in the previous year, the firm posted $1.87 earnings per share. As a group, equities analysts expect that Wintrust Financial will post 10.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Wintrust Financial

In other news, COO David A. Dykstra sold 15,492 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the completion of the transaction, the chief operating officer now directly owns 197,591 shares of the company’s stock, valued at $22,817,808.68. This trade represents a 7.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard B. Murphy sold 4,099 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total transaction of $473,967.37. Following the completion of the sale, the insider now directly owns 42,311 shares in the company, valued at approximately $4,892,420.93. This represents a 8.83 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.

Institutional Investors Weigh In On Wintrust Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WTFC. International Assets Investment Management LLC acquired a new stake in shares of Wintrust Financial in the third quarter valued at about $35,000. UMB Bank n.a. lifted its stake in Wintrust Financial by 62.0% in the third quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after acquiring an additional 196 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Wintrust Financial in the 3rd quarter valued at about $61,000. Versant Capital Management Inc increased its stake in shares of Wintrust Financial by 32.1% during the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock worth $67,000 after purchasing an additional 131 shares during the last quarter. Finally, Covestor Ltd lifted its stake in Wintrust Financial by 77.9% in the 3rd quarter. Covestor Ltd now owns 653 shares of the bank’s stock valued at $71,000 after purchasing an additional 286 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

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.