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

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

A number of other analysts have also commented on the company. Royal Bank Of Canada decreased their price objective on Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Raymond James Financial set a $143.00 target price on shares of Wintrust Financial and gave the company a "strong-buy" rating in a report on Wednesday, April 23rd. Piper Sandler restated an "above average" rating on shares of Wintrust Financial in a research note on Wednesday, April 23rd. Stephens decreased their target price on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Finally, Barclays boosted their price objective on Wintrust Financial from $138.00 to $145.00 and gave the company an "overweight" rating in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $135.77.

Wintrust Financial Stock Up 3.0%

Shares of WTFC traded up $3.73 during midday trading on Friday, reaching $127.71. The stock had a trading volume of 590,095 shares, compared to its average volume of 433,366. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.00. The company's fifty day simple moving average is $118.91 and its two-hundred day simple moving average is $119.59. The company has a market cap of $8.55 billion, a price-to-earnings ratio of 12.63 and a beta of 0.82. Wintrust Financial has a 1-year low of $89.10 and a 1-year high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its earnings results on Monday, April 21st. The bank reported $2.69 EPS for the quarter, beating analysts' consensus estimates of $2.52 by $0.17. The business had revenue of $643.11 million for the quarter, compared to analysts' expectations of $643.11 million. Wintrust Financial had a net margin of 17.32% and a return on equity of 12.00%. During the same period in the previous year, the company posted $2.89 EPS. Equities research analysts expect that Wintrust Financial will post 10.36 earnings per share for the current year.

Institutional Investors Weigh In On Wintrust Financial

Several hedge funds have recently added to or reduced their stakes in WTFC. Park Place Capital Corp boosted its holdings in shares of Wintrust Financial by 1,264.7% during the 1st quarter. Park Place Capital Corp now owns 232 shares of the bank's stock worth $26,000 after buying an additional 215 shares during the period. Advisors Asset Management Inc. bought a new stake in shares of Wintrust Financial during the first quarter worth approximately $27,000. AlphaQuest LLC bought a new stake in shares of Wintrust Financial during the first quarter worth approximately $33,000. Wayfinding Financial LLC acquired a new position in shares of Wintrust Financial in the first quarter valued at approximately $36,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Wintrust Financial during the first quarter worth approximately $38,000. Institutional investors and hedge funds own 93.48% of the company's stock.

Wintrust Financial Company Profile

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.