Wintrust Financial (NASDAQ:WTFC) Stock Price Target Raised at Wells Fargo & Company

Wintrust Financial (NASDAQ:WTFC) had its target price increased by stock analysts at Wells Fargo & Company from $160.00 to $165.00 in a report released on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the bank’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 6.45% from the company’s current price.

WTFC has been the subject of a number of other reports. Barclays upped their price target on shares of Wintrust Financial from $190.00 to $195.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 3rd. Capital One Financial set a $170.00 price objective on Wintrust Financial in a research report on Tuesday, July 21st. Weiss Ratings restated a “buy (b)” rating on shares of Wintrust Financial in a research note on Friday, September 25th. Wall Street Zen raised Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Saturday, September 26th. Finally, UBS Group upgraded Wintrust Financial from a “neutral” rating to a “buy” rating and increased their target price for the company from $160.00 to $180.00 in a research note on Thursday, October 29th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $175.86.

Wintrust Financial Trading Up 2.5%

Shares of Wintrust Financial stock traded up $3.73 during trading hours on Monday, hitting $155.00. The company’s stock had a trading volume of 16,460 shares, compared to its average volume of 517,299. Wintrust Financial has a 1-year low of $122.00 and a 1-year high of $167.21. The business has a fifty day moving average of $148.23 and a 200 day moving average of $150.42. The company has a market capitalization of $10.46 billion, a PE ratio of 11.89, a P/E/G ratio of 1.11 and a beta of 0.86. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.63.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, October 19th. The bank reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.06. The business had revenue of $757.88 million for the quarter, compared to the consensus estimate of $754.54 million. Wintrust Financial had a net margin of 21.03% and a return on equity of 13.31%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.06 EPS. As a group, equities analysts forecast that Wintrust Financial will post 13.29 EPS for the current year.

Insiders Place Their Bets

In other news, COO David Dykstra sold 13,515 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total value of $2,199,836.55. Following the completion of the transaction, the chief operating officer directly owned 166,449 shares in the company, valued at approximately $27,092,903.73. This represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard Murphy sold 7,136 shares of the firm’s stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $148.66, for a total transaction of $1,060,837.76. Following the sale, the insider directly owned 30,107 shares of the company’s stock, valued at approximately $4,475,706.62. The trade was a 19.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.24% of the company’s stock.

Hedge Funds Weigh In On Wintrust Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WTFC. Fisher Asset Management LLC increased its position in shares of Wintrust Financial by 13.0% during the third quarter. Fisher Asset Management LLC now owns 493,964 shares of the bank’s stock worth $70,054,000 after acquiring an additional 56,641 shares during the last quarter. Legacy Trust acquired a new position in shares of Wintrust Financial in the third quarter worth about $1,112,000. Russell Investments Group Ltd. lifted its stake in shares of Wintrust Financial by 298.5% in the third quarter. Russell Investments Group Ltd. now owns 51,293 shares of the bank’s stock worth $7,276,000 after acquiring an additional 38,421 shares in the last quarter. Maryland State Retirement & Pension System boosted its holdings in Wintrust Financial by 24.1% in the third quarter. Maryland State Retirement & Pension System now owns 4,261 shares of the bank’s stock valued at $604,000 after purchasing an additional 828 shares during the last quarter. Finally, Machina Capital S.A.S. purchased a new position in Wintrust Financial in the third quarter valued at about $524,000. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Company Profile

Wintrust Financial Corporation is a bank holding company founded in 1991 and headquartered in Rosemont, Illinois. Through a network of locally operated community banks, it serves individuals, businesses and nonprofit organizations, primarily in the Chicago area and surrounding parts of Illinois, Wisconsin and Indiana.

The company offers consumer and commercial banking services, including deposit accounts, business and personal loans, cash management and treasury services. Its other businesses provide mortgage lending, wealth management and specialty finance services.

Wintrust’s community banking model combines local banking brands and decision-making with the resources of a larger financial organization.