Wintrust Financial (NASDAQ:WTFC) Stock Rating Upgraded by StockNews.com

Wintrust Financial (NASDAQ:WTFC - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Tuesday.

Other equities analysts have also recently issued reports about the company. Raymond James lifted their price target on Wintrust Financial from $125.00 to $135.00 and gave the company a "strong-buy" rating in a research report on Wednesday, October 23rd. Piper Sandler lifted their target price on Wintrust Financial from $131.00 to $136.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. DA Davidson increased their price target on shares of Wintrust Financial from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Citigroup boosted their price objective on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, Truist Financial upgraded shares of Wintrust Financial to a "strong-buy" rating in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $128.00.

Wintrust Financial Stock Performance

Shares of WTFC traded up $3.82 during mid-day trading on Tuesday, hitting $130.34. The stock had a trading volume of 440,119 shares, compared to its average volume of 401,365. Wintrust Financial has a 52 week low of $89.68 and a 52 week high of $142.04. The business has a fifty day moving average price of $130.34 and a 200-day moving average price of $114.70. The firm has a market cap of $8.67 billion, a P/E ratio of 13.65 and a beta of 1.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing analysts' consensus estimates of $2.50 by ($0.03). Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The business had revenue of $615.73 million for the quarter, compared to analysts' expectations of $623.45 million. During the same quarter in the previous year, the company posted $2.53 earnings per share. The business's quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts expect that Wintrust Financial will post 10.12 EPS for the current year.

Insider Buying and Selling at Wintrust Financial

In related news, insider Richard B. Murphy sold 4,099 shares of Wintrust Financial stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total value of $473,967.37. Following the transaction, the insider now directly owns 42,311 shares of the company's stock, valued at $4,892,420.93. The trade was a 8.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David L. Stoehr sold 1,607 shares of the company's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total transaction of $182,330.22. Following the sale, the chief financial officer now owns 14,874 shares of the company's stock, valued at $1,687,604.04. This represents a 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,198 shares of company stock worth $2,445,314 over the last ninety days. Insiders own 1.47% of the company's stock.

Hedge Funds Weigh In On Wintrust Financial

A number of hedge funds have recently modified their holdings of WTFC. Jane Street Group LLC increased its holdings in Wintrust Financial by 530.3% during the 3rd quarter. Jane Street Group LLC now owns 39,135 shares of the bank's stock valued at $4,247,000 after purchasing an additional 32,926 shares during the period. Retirement Systems of Alabama increased its stake in shares of Wintrust Financial by 6.0% during the third quarter. Retirement Systems of Alabama now owns 80,782 shares of the bank's stock valued at $8,767,000 after buying an additional 4,562 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Wintrust Financial by 36.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank's stock valued at $87,132,000 after acquiring an additional 213,559 shares in the last quarter. State Street Corp lifted its stake in Wintrust Financial by 5.1% in the third quarter. State Street Corp now owns 2,627,561 shares of the bank's stock worth $285,169,000 after acquiring an additional 126,724 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in Wintrust Financial by 7.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 203,285 shares of the bank's stock worth $22,063,000 after acquiring an additional 14,699 shares during the period. Hedge funds and other 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.

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