Barclays Lowers Wintrust Financial (NASDAQ:WTFC) Price Target to $138.00

Wintrust Financial (NASDAQ:WTFC) had its target price dropped by investment analysts at Barclays from $155.00 to $138.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the bank’s stock. Barclays‘s price target points to a potential upside of 46.15% from the stock’s previous close.

Several other research firms have also commented on WTFC. Raymond James reaffirmed a “strong-buy” rating and set a $150.00 price target (up previously from $135.00) on shares of Wintrust Financial in a research report on Thursday, January 23rd. Truist Financial raised shares of Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. StockNews.com cut shares of Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Saturday, February 15th. UBS Group assumed coverage on shares of Wintrust Financial in a research report on Tuesday, December 17th. They set a “buy” rating and a $157.00 target price on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $152.00 target price on shares of Wintrust Financial in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.38.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC traded down $1.47 during midday trading on Tuesday, hitting $94.42. The company’s stock had a trading volume of 408,587 shares, compared to its average volume of 408,497. The company has a market cap of $6.30 billion, a P/E ratio of 9.16 and a beta of 0.94. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. Wintrust Financial has a 12-month low of $89.10 and a 12-month high of $142.04. The business’s 50 day simple moving average is $119.64 and its 200 day simple moving average is $122.35.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same quarter in the previous year, the business earned $1.87 EPS. On average, analysts forecast that Wintrust Financial will post 10.36 EPS for the current year.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, insider Richard B. Murphy sold 3,186 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $131.30, for a total transaction of $418,321.80. Following the transaction, the insider now owns 48,814 shares in the company, valued at $6,409,278.20. This represents a 6.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $130.95, for a total transaction of $54,475.20. Following the completion of the transaction, the executive vice president now directly owns 2,276 shares in the company, valued at approximately $298,042.20. This represents a 15.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,178 shares of company stock valued at $1,336,315. 1.47% of the stock is owned by insiders.

Institutional Investors Weigh In On Wintrust Financial

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Wintrust Financial by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 6,911,488 shares of the bank’s stock worth $861,932,000 after purchasing an additional 58,162 shares during the period. State Street Corp boosted its stake in Wintrust Financial by 5.1% during the 3rd quarter. State Street Corp now owns 2,627,561 shares of the bank’s stock valued at $285,169,000 after purchasing an additional 126,724 shares during the last quarter. Earnest Partners LLC bought a new stake in Wintrust Financial during the fourth quarter worth $163,767,000. Principal Financial Group Inc. lifted its position in shares of Wintrust Financial by 11.3% during the third quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock valued at $141,981,000 after purchasing an additional 133,311 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Wintrust Financial by 36.5% during the 4th quarter. First Trust Advisors LP now owns 1,263,837 shares of the bank’s stock worth $157,613,000 after buying an additional 337,763 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

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.