Wintrust Financial (NASDAQ:WTFC) Price Target Raised to $115.00 at Hovde Group

Wintrust Financial (NASDAQ:WTFC - Get Free Report) had its price target increased by stock analysts at Hovde Group from $107.00 to $115.00 in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The firm currently has a "market perform" rating on the bank's stock. Hovde Group's price target points to a potential upside of 7.82% from the stock's previous close.

WTFC has been the subject of a number of other research reports. Barclays reduced their price objective on shares of Wintrust Financial from $155.00 to $138.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Piper Sandler boosted their target price on shares of Wintrust Financial from $151.00 to $156.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. StockNews.com lowered Wintrust Financial from a "hold" rating to a "sell" rating in a report on Saturday, February 15th. Royal Bank of Canada reiterated an "outperform" rating and issued a $152.00 price objective on shares of Wintrust Financial in a research note on Thursday, January 23rd. Finally, Truist Financial raised Wintrust Financial to a "strong-buy" rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Wintrust Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $133.54.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC opened at $106.66 on Wednesday. Wintrust Financial has a 12 month low of $89.10 and a 12 month high of $142.04. The stock has a market capitalization of $7.14 billion, a PE ratio of 10.35 and a beta of 0.94. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The firm has a 50 day moving average of $111.98 and a 200-day moving average of $121.63.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The bank reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.17. The business had revenue of $643.11 million during the quarter, compared to the consensus estimate of $643.11 million. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same period in the prior year, the company earned $2.89 EPS. On average, equities research analysts predict that Wintrust Financial will post 10.36 EPS for the current fiscal year.

Insider Transactions at Wintrust Financial

In related news, EVP Jeffrey D. Hahnfeld sold 416 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The stock was 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 owns 2,276 shares of the company's stock, valued at $298,042.20. This trade represents a 15.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO David A. Dykstra sold 4,213 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $131.31, for a total transaction of $553,209.03. Following the sale, the chief operating officer now directly owns 206,294 shares in the company, valued at $27,088,465.14. This trade represents a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,178 shares of company stock valued at $1,336,315. Company insiders own 1.01% of the company's stock.

Hedge Funds Weigh In On Wintrust Financial

Several hedge funds and other institutional investors have recently modified their holdings of the company. Retirement Systems of Alabama boosted its position in shares of Wintrust Financial by 6.0% in the third quarter. Retirement Systems of Alabama now owns 80,782 shares of the bank's stock worth $8,767,000 after purchasing an additional 4,562 shares during the period. Fifth Third Bancorp lifted its position in shares of Wintrust Financial by 4,145.2% in the fourth quarter. Fifth Third Bancorp now owns 13,330 shares of the bank's stock valued at $1,662,000 after acquiring an additional 13,016 shares in the last quarter. KBC Group NV boosted its stake in shares of Wintrust Financial by 1,412.8% in the fourth quarter. KBC Group NV now owns 30,393 shares of the bank's stock worth $3,790,000 after acquiring an additional 28,384 shares during the period. Entropy Technologies LP purchased a new position in Wintrust Financial in the 4th quarter worth approximately $499,000. Finally, Atria Investments Inc grew its holdings in Wintrust Financial by 34.5% during the 4th quarter. Atria Investments Inc now owns 10,926 shares of the bank's stock valued at $1,363,000 after buying an additional 2,804 shares in the last quarter. 93.48% of the stock is owned by 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.

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