Wintrust Financial (NASDAQ:WTFC) Upgraded by Raymond James Financial to “Moderate Buy” Rating

Raymond James Financial upgraded shares of Wintrust Financial (NASDAQ:WTFC) to a moderate buy rating in a report issued on Tuesday morning,Zacks.com reports.

A number of other research analysts have also recently weighed in on the stock. Royal Bank Of Canada raised their price objective on shares of Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Citigroup upped their target price on Wintrust Financial from $178.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Wintrust Financial in a report on Monday, June 29th. TD Cowen raised their price target on Wintrust Financial from $173.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, Truist Financial reduced their price objective on Wintrust Financial from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $172.17.

Wintrust Financial Stock Down 1.9%

NASDAQ:WTFC opened at $158.42 on Tuesday. The stock’s fifty day moving average is $153.52 and its two-hundred day moving average is $147.92. Wintrust Financial has a 52 week low of $119.61 and a 52 week high of $164.00. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $10.69 billion, a price-to-earnings ratio of 13.28 and a beta of 0.84.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, April 20th. The bank reported $3.22 EPS for the quarter, beating the consensus estimate of $2.96 by $0.26. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The business had revenue of $713.17 million during the quarter, compared to analysts’ expectations of $707.23 million. During the same period last year, the firm earned $2.69 EPS. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. Research analysts anticipate that Wintrust Financial will post 13.09 EPS for the current year.

Insider Transactions at Wintrust Financial

In other news, COO David A. Dykstra sold 9,579 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were 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 approximately $26,759,324.20. This trade represents a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Suzet M. Mckinney sold 500 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $148.96, for a total transaction of $74,480.00. Following the completion of the sale, the director directly owned 3,303 shares in the company, valued at $492,014.88. This represents a 13.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 13,099 shares of company stock valued at $1,954,386. Corporate insiders own 1.24% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Elyxium Wealth LLC bought a new position in shares of Wintrust Financial during the fourth quarter worth about $31,000. Creative Financial Designs Inc. ADV increased its holdings in Wintrust Financial by 231.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock valued at $32,000 after buying an additional 160 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in Wintrust Financial during the first quarter valued at approximately $27,000. Harbour Investments Inc. raised its stake in Wintrust Financial by 72.7% during the fourth quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock valued at $34,000 after buying an additional 101 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new position in Wintrust Financial during the 1st quarter worth approximately $35,000. 93.48% of the stock is owned by institutional investors and hedge funds.

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.