Piper Sandler Has Lowered Expectations for Wintrust Financial (NASDAQ:WTFC) Stock Price

Key Points

• Piper Sandler lowered Wintrust Financial’s price target from $195 to $186 while maintaining an “overweight” rating, implying approximately 25.55% potential upside from the stock’s $148.15 price.
• Analyst sentiment remains broadly positive, with nine Buy ratings and five Holds, producing a consensus “Moderate Buy” rating and an average price target of $176.
• Wintrust exceeded quarterly expectations, reporting $3.37 in EPS versus the $3.31 consensus and $757.88 million in revenue, up 8.6% year over year.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) had its target price decreased by equities research analysts at Piper Sandler from $195.00 to $186.00 in a report released on Wednesday, Benzinga reports. The firm presently has an "overweight" rating on the bank's stock. Piper Sandler's price target points to a potential upside of 25.55% from the company's current price.

Other analysts have also recently issued research reports about the stock. Barclays cut their price target on shares of Wintrust Financial from $192.00 to $190.00 and set an "overweight" rating for the company in a research note on Monday, October 5th. Truist Financial upped their target price on shares of Wintrust Financial from $170.00 to $183.00 and gave the company a "buy" rating in a report on Friday, July 10th. Citigroup downgraded shares of Wintrust Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, July 21st. DA Davidson set a $180.00 target price on shares of Wintrust Financial in a research note on Tuesday. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Wintrust Financial in a report on Friday, September 25th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $176.00.

Wintrust Financial Stock Up 1.3%

Shares of Wintrust Financial stock traded up $1.87 on Wednesday, reaching $148.15. 68,709 shares of the company were exchanged, compared to its average volume of 513,292. Wintrust Financial has a one year low of $122.00 and a one year high of $167.21. The company has a market capitalization of $9.99 billion, a price-to-earnings ratio of 11.37 and a beta of 0.89. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average of $149.25 and a 200 day moving average of $152.30.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings data on Monday, October 19th. The bank reported $3.37 EPS for the quarter, beating the consensus estimate of $3.31 by $0.06. Wintrust Financial had a return on equity of 13.26% and a net margin of 21.03%. The company had revenue of $757.88 million during the quarter, compared to the consensus estimate of $754.54 million. During the same quarter in the prior year, the firm posted $3.06 EPS. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts forecast that Wintrust Financial will post 13.17 earnings per share for the current year.

Insider Transactions at Wintrust Financial

In other news, COO David Dykstra sold 13,515 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following the completion of the sale, the chief operating officer owned 166,449 shares in the company, valued at $27,092,903.73. The trade was a 7.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On Wintrust Financial

Several institutional investors and hedge funds have recently made changes to their positions in WTFC. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Wintrust Financial in the 2nd quarter valued at $27,000. Pension & Wealth Management Advisors Inc. acquired a new position in shares of Wintrust Financial during the 3rd quarter worth $29,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Wintrust Financial during the 2nd quarter worth $36,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Wintrust Financial during the 1st quarter worth $35,000. Finally, Transamerica Financial Advisors LLC bought a new stake in shares of Wintrust Financial during the 2nd quarter worth $42,000. Institutional investors and hedge funds own 93.48% of the company's stock.

Wintrust Financial Company Profile

Wintrust Financial Corporation NASDAQ: WTFC is a financial holding company headquartered in Rosemont, Illinois. Through its network of community banking subsidiaries, the company provides banking and financial services to individuals, families, businesses and institutions.

Its offerings include checking and savings accounts, commercial and consumer lending, residential mortgages, treasury management, cash management and other deposit services. Wintrust also provides wealth management, investment services, insurance-related products and specialized finance solutions, including equipment finance and premium finance.

Founded in 1991, Wintrust has built its business through a community banking model that combines local decision-making and relationship-based service with the resources of a larger financial organization.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.