Wintrust Financial (NASDAQ:WTFC) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Wintrust Financial from “hold” to “sell,” although the broader analyst consensus remains “Moderate Buy” with an average price target of $177.77.
• Wintrust reported quarterly earnings of $3.30 per share, exceeding estimates of $3.15, while revenue rose 10.1% year over year to $738.63 million.
• WTFC shares opened at $152.16, compared with a 12-month range of $119.61 to $167.21; institutional investors own 93.48% of the company, while the COO recently sold shares worth approximately $2.2 million.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other research firms have also recently commented on WTFC. Piper Sandler set a $186.00 price target on shares of Wintrust Financial in a research note on Wednesday, July 22nd. UBS Group reaffirmed a "neutral" rating and set a $170.00 price objective on shares of Wintrust Financial in a report on Tuesday, July 7th. Weiss Ratings reiterated a "buy (b)" rating on shares of Wintrust Financial in a research report on Monday, June 29th. Truist Financial upped their target price on shares of Wintrust Financial from $170.00 to $183.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Finally, Citigroup cut Wintrust Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, July 21st. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $177.77.

Wintrust Financial Stock Performance

Shares of WTFC opened at $152.16 on Friday. The company has a market cap of $10.27 billion, a PE ratio of 12.22 and a beta of 0.84. 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 stock has a 50-day moving average price of $157.84 and a 200-day moving average price of $150.99. Wintrust Financial has a 12-month low of $119.61 and a 12-month high of $167.21.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings data on Monday, July 20th. The bank reported $3.30 EPS for the quarter, topping the consensus estimate of $3.15 by $0.15. The company had revenue of $738.63 million during the quarter, compared to analyst estimates of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.Wintrust Financial's revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.78 earnings per share. As a group, equities analysts forecast that Wintrust Financial will post 13.04 earnings per share for the current fiscal year.

Insider Buying and Selling 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 shares were 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. The trade was a 7.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.24% of the company's stock.

Hedge Funds Weigh In On Wintrust Financial

A number of large investors have recently added to or reduced their stakes in WTFC. Advisors Asset Management Inc. purchased a new stake in Wintrust Financial during the first quarter valued at about $27,000. Jones Financial Companies Lllp lifted its stake in shares of Wintrust Financial by 49.0% in the 1st quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank's stock valued at $115,000 after acquiring an additional 335 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Wintrust Financial by 7.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank's stock valued at $20,179,000 after acquiring an additional 12,103 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Wintrust Financial by 400.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 400 shares of the bank's stock valued at $50,000 after acquiring an additional 320 shares during the period. Finally, Cerity Partners LLC boosted its holdings in Wintrust Financial by 1.6% during the 2nd quarter. Cerity Partners LLC now owns 23,120 shares of the bank's stock valued at $2,866,000 after acquiring an additional 355 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 NASDAQ: WTFC is a financial services company and bank holding company headquartered in Rosemont, Illinois. Founded in 1991, the company operates a network of community banks that serve individuals, families, businesses and institutions.

Wintrust's banking operations provide deposit accounts, commercial and consumer lending, mortgage financing, treasury management, payment services and other traditional banking products. Through specialized subsidiaries and affiliated businesses, the company also offers wealth management, investment services, insurance premium financing, equipment leasing and related financial solutions.

The company primarily serves communities in the greater Chicago metropolitan area and has expanded its banking presence into surrounding Midwestern markets, including parts of Wisconsin and Indiana.

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