Wintrust Financial (NASDAQ:WTFC) Stock Rating Upgraded by Raymond James Financial

Wintrust Financial (NASDAQ:WTFC) was upgraded by Raymond James Financial to a “moderate buy” rating in a research report issued on Tuesday,Zacks.com reports.

Several other analysts have also commented on the stock. Royal Bank Of Canada lifted their price objective on shares of Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Stephens began coverage on shares of Wintrust Financial in a research report on Friday, March 27th. They issued an “equal weight” rating and a $160.00 price target on the stock. DA Davidson reissued a “buy” rating and set a $185.00 price objective on shares of Wintrust Financial in a report on Tuesday, June 30th. TD Cowen increased their price target on shares of Wintrust Financial from $173.00 to $176.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, Piper Sandler restated an “overweight” rating and issued a $188.00 price objective (up from $184.00) on shares of Wintrust Financial in a research report on Wednesday, April 22nd. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Wintrust Financial has an average rating of “Moderate Buy” and an average target price of $172.17.

Wintrust Financial Stock Performance

WTFC stock opened at $158.42 on Tuesday. 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 firm has a market cap of $10.69 billion, a PE ratio of 13.28 and a beta of 0.84. The business has a 50 day moving average of $153.52 and a 200-day moving average of $147.92. Wintrust Financial has a 12-month low of $119.61 and a 12-month high of $164.00.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Monday, April 20th. The bank reported $3.22 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $707.23 million. During the same period last year, the company posted $2.69 earnings per share. Wintrust Financial’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, sell-side analysts expect that Wintrust Financial will post 13.09 earnings per share for the current year.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, CFO David L. Stoehr sold 3,020 shares of Wintrust Financial stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $150.45, for a total transaction of $454,359.00. Following the completion of the sale, the chief financial officer owned 13,213 shares of the company’s stock, valued at $1,987,895.85. The trade was a 18.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Suzet M. Mckinney sold 500 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $148.96, for a total value of $74,480.00. Following the completion of the transaction, the director owned 3,303 shares of the company’s stock, valued at $492,014.88. The trade was a 13.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 13,099 shares of company stock worth $1,954,386 over the last 90 days. Corporate insiders own 1.24% of the company’s stock.

Institutional Trading of Wintrust Financial

Several hedge funds and other institutional investors have recently bought and sold shares of WTFC. Elyxium Wealth LLC purchased a new position in shares of Wintrust Financial during the fourth quarter worth approximately $31,000. Creative Financial Designs Inc. ADV grew its holdings in shares of Wintrust Financial by 231.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock valued at $32,000 after purchasing an additional 160 shares during the last quarter. Advisors Asset Management Inc. bought a new position in shares of Wintrust Financial during the 1st quarter valued at $27,000. Harbour Investments Inc. grew its position in Wintrust Financial by 72.7% during the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after acquiring an additional 101 shares during 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. Hedge funds and other institutional investors own 93.48% of the company’s stock.

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.