Wintrust Financial (NASDAQ:WTFC) Given New $195.00 Price Target at Piper Sandler

Key Points

• Piper Sandler raised its Wintrust Financial price target to $195 from $186 and maintained an “overweight” rating, implying approximately 34.5% upside from the stock’s cited price.
• Analyst sentiment remains favorable overall, with nine Buy ratings and five Hold ratings, producing a “Moderate Buy” consensus and an average price target of $177.
• Wintrust exceeded quarterly expectations, reporting $3.30 in EPS versus the $3.15 consensus and revenue of $738.63 million; revenue increased 10.1% year over year.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) had its price target hoisted by stock analysts at Piper Sandler from $186.00 to $195.00 in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm currently has an "overweight" rating on the bank's stock. Piper Sandler's price objective would indicate a potential upside of 34.46% from the stock's current price.

Other equities analysts also recently issued research reports about the stock. Brean Capital downgraded shares of Wintrust Financial from a "buy" rating to a "neutral" rating and set a $170.00 price target on the stock. in a research note on Tuesday, July 21st. TD Cowen lowered their price objective on shares of Wintrust Financial from $184.00 to $183.00 and set a "buy" rating for the company in a research note on Wednesday, July 22nd. Wall Street Zen upgraded Wintrust Financial from a "sell" rating to a "hold" rating in a report on Saturday, September 26th. Truist Financial increased their target price on Wintrust Financial from $170.00 to $183.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Finally, Wells Fargo & Company started coverage on Wintrust Financial in a research report on Thursday, September 24th. They set an "equal weight" rating and a $160.00 price target for the company. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $177.00.

Wintrust Financial Stock Performance

NASDAQ WTFC opened at $145.02 on Monday. The business's 50-day moving average price is $153.24 and its 200 day moving average price is $151.53. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. Wintrust Financial has a twelve month low of $119.61 and a twelve month high of $167.21. The company has a market capitalization of $9.78 billion, a PE ratio of 11.65 and a beta of 0.89.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings results on Monday, July 20th. The bank reported $3.30 EPS for the quarter, beating the consensus estimate of $3.15 by $0.15. The company had revenue of $738.63 million during the quarter, compared to analysts' expectations of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The firm's revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.78 EPS. On average, research analysts predict that Wintrust Financial will post 13.07 earnings per share for the current year.

Insider Transactions at Wintrust Financial

In related news, COO David Dykstra sold 13,515 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $162.77, for a total value of $2,199,836.55. Following the completion of the sale, the chief operating officer directly owned 166,449 shares in the company, valued at approximately $27,092,903.73. This represents a 7.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.24% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc grew its position in Wintrust Financial by 33.7% in the third quarter. Versant Capital Management Inc now owns 1,802 shares of the bank's stock valued at $256,000 after acquiring an additional 454 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of Wintrust Financial by 18.0% during the second quarter. QRG Capital Management Inc. now owns 3,172 shares of the bank's stock worth $510,000 after purchasing an additional 483 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Wintrust Financial by 5.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,426 shares of the bank's stock valued at $551,000 after purchasing an additional 168 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Wintrust Financial by 15.2% in the second quarter. NewEdge Advisors LLC now owns 1,764 shares of the bank's stock valued at $283,000 after purchasing an additional 233 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in Wintrust Financial during the 2nd quarter valued at $376,000. Institutional investors and hedge funds own 93.48% of the company's stock.

About Wintrust Financial

Wintrust Financial Corporation NASDAQ: WTFC is a financial holding company headquartered in Rosemont, Illinois. Founded in 1991, the company operates a network of community banks serving individuals, families and businesses primarily in the Chicago metropolitan area, southern Wisconsin and northwest Indiana.

Wintrust's banking subsidiaries provide deposit accounts, commercial and consumer lending, residential mortgages, treasury management, trust and investment services, and other traditional banking products.

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.