Wintrust Financial (NASDAQ:WTFC) PT Lowered to $113.00 at Citigroup

Wintrust Financial (NASDAQ:WTFC) had its price target cut by Citigroup from $115.00 to $113.00 in a report issued on Monday, Benzinga reports. They currently have a buy rating on the bank’s stock.

Other research analysts also recently issued reports about the company. UBS Group upped their target price on Wintrust Financial from $105.00 to $113.00 and gave the stock a buy rating in a research note on Tuesday, January 23rd. Raymond James upped their target price on Wintrust Financial from $95.00 to $115.00 and gave the stock a strong-buy rating in a research note on Friday, January 19th. Stephens reaffirmed an overweight rating and set a $110.00 target price on shares of Wintrust Financial in a research note on Tuesday, April 16th. StockNews.com raised Wintrust Financial from a sell rating to a hold rating in a research note on Thursday, April 18th. Finally, Truist Financial boosted their price target on Wintrust Financial from $111.00 to $117.00 and gave the stock a buy rating in a research report on Monday, April 1st. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Wintrust Financial presently has a consensus rating of Buy and an average target price of $112.33.

Wintrust Financial Trading Down 1.0 %

Shares of NASDAQ:WTFC opened at $99.17 on Monday. Wintrust Financial has a 12-month low of $58.12 and a 12-month high of $105.29. The company has a market capitalization of $6.12 billion, a PE ratio of 10.26 and a beta of 1.21. The business has a 50 day moving average of $98.52 and a two-hundred day moving average of $91.45. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.78.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.47. The business had revenue of $604.77 million during the quarter, compared to the consensus estimate of $577.80 million. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.80 EPS. As a group, analysts forecast that Wintrust Financial will post 10.12 EPS for the current year.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, EVP Jeffrey D. Hahnfeld sold 588 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total value of $57,553.44. Following the completion of the sale, the executive vice president now directly owns 3,410 shares in the company, valued at approximately $333,770.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Wintrust Financial news, insider Edward J. Wehmer sold 9,500 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $99.36, for a total value of $943,920.00. Following the completion of the sale, the insider now directly owns 177,124 shares in the company, valued at approximately $17,599,040.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total value of $57,553.44. Following the completion of the sale, the executive vice president now owns 3,410 shares of the company’s stock, valued at $333,770.80. The disclosure for this sale can be found here. Insiders sold a total of 10,309 shares of company stock worth $1,023,730 in the last three months. 1.47% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Wintrust Financial

Hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its holdings in shares of Wintrust Financial by 2,131.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 73,913 shares of the bank’s stock worth $6,855,000 after purchasing an additional 70,601 shares during the period. UBS Group AG grew its holdings in shares of Wintrust Financial by 61.3% during the 3rd quarter. UBS Group AG now owns 32,210 shares of the bank’s stock worth $2,432,000 after purchasing an additional 12,243 shares during the period. abrdn plc grew its holdings in shares of Wintrust Financial by 24.6% during the 3rd quarter. abrdn plc now owns 344,631 shares of the bank’s stock worth $26,020,000 after purchasing an additional 68,042 shares during the period. Boston Partners grew its holdings in shares of Wintrust Financial by 13.4% during the 3rd quarter. Boston Partners now owns 644,050 shares of the bank’s stock worth $48,549,000 after purchasing an additional 75,994 shares during the period. Finally, Oliver Luxxe Assets LLC purchased a new position in shares of Wintrust Financial during the 3rd quarter worth $476,000. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

About Wintrust Financial

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.