Wintrust Financial (NASDAQ:WTFC) Stock Gets Price Target Boost from Barclays

Key Points

• Barclays raised Wintrust Financial’s price target from $190 to $195 while maintaining an “overweight” rating, implying approximately 23.67% upside from the stock’s reported $157.67 price.
• Analyst sentiment remains favorable: Wintrust has 10 Buy and four Hold ratings, resulting in a “Moderate Buy” consensus and an average price target of $175.50.
• Wintrust recently exceeded quarterly expectations, reporting $3.37 in earnings per share versus a $3.31 estimate and revenue of $757.88 million; revenue increased 8.6% year over year.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) had its price objective raised by analysts at Barclays from $190.00 to $195.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an "overweight" rating on the bank's stock. Barclays's price objective would indicate a potential upside of 23.67% from the company's current price.

Several other research analysts have also commented on WTFC. UBS Group raised shares of Wintrust Financial from a "neutral" rating to a "buy" rating and lifted their price target for the company from $160.00 to $180.00 in a report on Thursday, October 29th. Piper Sandler dropped their price objective on shares of Wintrust Financial from $195.00 to $186.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 21st. Raymond James Financial set a $165.00 price objective on shares of Wintrust Financial in a research note on Wednesday, October 21st. TD Cowen raised their target price on shares of Wintrust Financial from $173.00 to $174.00 and gave the stock a "buy" rating in a report on Wednesday, October 21st. Finally, Wall Street Zen upgraded Wintrust Financial from a "sell" rating to a "hold" rating in a research note on Saturday, September 26th. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $175.50.

Wintrust Financial Stock Performance

WTFC traded up $0.27 during trading hours on Tuesday, hitting $157.67. 22,653 shares of the stock were exchanged, compared to its average volume of 516,564. The stock has a 50-day simple moving average of $148.13 and a 200-day simple moving average of $150.25. Wintrust Financial has a 12 month low of $122.00 and a 12 month high of $167.21. The stock has a market cap of $10.64 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 1.10 and a beta of 0.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.98 and a quick ratio of 0.97.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its earnings results on Monday, October 19th. The bank reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.06. The firm had revenue of $757.88 million during the quarter, compared to analyst estimates of $754.54 million. Wintrust Financial had a net margin of 21.03% and a return on equity of 13.31%. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.06 earnings per share. Analysts anticipate that Wintrust Financial will post 13.29 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Richard Murphy sold 7,136 shares of Wintrust Financial stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $148.66, for a total transaction of $1,060,837.76. Following the sale, the insider directly owned 30,107 shares in the company, valued at $4,475,706.62. The trade was a 19.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David Dykstra sold 13,515 shares of the company's stock in a transaction dated 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 directly owned 166,449 shares of the company's stock, valued at $27,092,903.73. The trade was a 7.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.24% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WTFC. BlackRock Inc. purchased a new stake in shares of Wintrust Financial during the second quarter valued at $1,058,088,000. First Trust Advisors LP increased its stake in Wintrust Financial by 26.6% in the 1st quarter. First Trust Advisors LP now owns 1,830,268 shares of the bank's stock worth $254,297,000 after purchasing an additional 385,069 shares in the last quarter. Bank of America Corp DE purchased a new position in Wintrust Financial in the 2nd quarter worth about $168,021,000. Bank of New York Mellon Corp raised its holdings in Wintrust Financial by 13.2% during the 1st quarter. Bank of New York Mellon Corp now owns 595,830 shares of the bank's stock worth $82,785,000 after buying an additional 69,444 shares during the period. Finally, Jupiter Topco LLC acquired a new stake in Wintrust Financial during the 2nd quarter worth about $92,734,000. 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.

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