Wintrust Financial (NASDAQ:WTFC) Price Target Raised to $120.00

Wintrust Financial (NASDAQ:WTFC - Get Free Report) had its price target boosted by investment analysts at Jefferies Financial Group from $114.00 to $120.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a "buy" rating on the bank's stock. Jefferies Financial Group's price objective points to a potential upside of 18.30% from the company's current price.

Several other research analysts have also recently issued reports on the stock. StockNews.com cut shares of Wintrust Financial from a "hold" rating to a "sell" rating in a report on Sunday, March 31st. Keefe, Bruyette & Woods lifted their price target on shares of Wintrust Financial from $103.00 to $106.00 and gave the stock an "outperform" rating in a research note on Friday, January 19th. Barclays assumed coverage on shares of Wintrust Financial in a research note on Friday, March 8th. They issued an "overweight" rating and a $135.00 price target for the company. Truist Financial lifted their price target on shares of Wintrust Financial from $111.00 to $117.00 and gave the stock a "buy" rating in a research note on Monday, April 1st. Finally, Wedbush reiterated an "outperform" rating and issued a $110.00 price target on shares of Wintrust Financial in a research note on Thursday, January 18th. One research analyst has rated the stock with a sell rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Wintrust Financial has an average rating of "Moderate Buy" and a consensus price target of $110.58.

Wintrust Financial Price Performance

WTFC stock traded up $0.72 during midday trading on Monday, reaching $101.44. The company had a trading volume of 210,894 shares, compared to its average volume of 407,451. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.99 and a quick ratio of 0.99. Wintrust Financial has a 1 year low of $58.12 and a 1 year high of $105.29. The company has a market capitalization of $6.26 billion, a P/E ratio of 10.65 and a beta of 1.21. The firm has a 50-day moving average price of $97.63 and a 200-day moving average price of $89.40.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings data on Thursday, January 18th. The bank reported $1.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.42 by ($0.55). Wintrust Financial had a net margin of 18.71% and a return on equity of 13.23%. The business had revenue of $570.80 million during the quarter, compared to analysts' expectations of $578.89 million. During the same period last year, the company posted $2.23 EPS. On average, research analysts anticipate that Wintrust Financial will post 9.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Wintrust Financial news, insider Edward J. Wehmer sold 9,500 shares of the company's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total value of $943,920.00. Following the completion of the transaction, the insider now directly owns 177,124 shares in the company, valued at $17,599,040.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Edward J. Wehmer sold 9,500 shares of the business's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total value of $943,920.00. Following the transaction, the insider now owns 177,124 shares of the company's stock, valued at $17,599,040.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of the business's stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total transaction of $57,553.44. Following the completion of the transaction, the executive vice president now directly owns 3,410 shares in the company, valued at approximately $333,770.80. The disclosure for this sale can be found here. Company insiders own 1.39% of the company's stock.

Hedge Funds Weigh In On Wintrust Financial

Several hedge funds have recently modified their holdings of WTFC. HighTower Advisors LLC raised its stake in Wintrust Financial by 3.9% during the first quarter. HighTower Advisors LLC now owns 11,802 shares of the bank's stock valued at $1,095,000 after purchasing an additional 438 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Wintrust Financial by 12.8% during the first quarter. PNC Financial Services Group Inc. now owns 3,475 shares of the bank's stock valued at $324,000 after purchasing an additional 394 shares in the last quarter. Natixis Advisors L.P. raised its stake in Wintrust Financial by 1.5% during the first quarter. Natixis Advisors L.P. now owns 16,809 shares of the bank's stock valued at $1,562,000 after purchasing an additional 255 shares in the last quarter. MetLife Investment Management LLC raised its stake in Wintrust Financial by 33.4% during the first quarter. MetLife Investment Management LLC now owns 36,861 shares of the bank's stock valued at $3,425,000 after purchasing an additional 9,235 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Wintrust Financial by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,892 shares of the bank's stock valued at $1,941,000 after purchasing an additional 1,992 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company's stock.

About Wintrust Financial

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.