Wintrust Financial (NASDAQ:WTFC) Given Buy (B-) Rating at Weiss Ratings

Key Points

• Wintrust Financial's stock has been given a "buy (B-)" rating by Weiss Ratings, reaffirming its positive outlook.
• TD Cowen recently set a $166.00 price target for Wintrust Financial, while several other analysts have provided ratings ranging from "buy" to "hold."
• The company reported $2.78 earnings per share (EPS) for the last quarter, exceeding estimates and indicating strong financial performance.

Wintrust Financial (NASDAQ:WTFC - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by equities researchers at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

WTFC has been the topic of a number of other research reports. TD Cowen initiated coverage on Wintrust Financial in a research report on Thursday, September 25th. They set a "buy" rating and a $166.00 price target on the stock. Cowen initiated coverage on Wintrust Financial in a research report on Wednesday, September 24th. They set a "buy" rating on the stock. Keefe, Bruyette & Woods increased their price target on Wintrust Financial from $130.00 to $138.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada raised their price objective on Wintrust Financial from $137.00 to $158.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $160.00 price objective (up previously from $141.00) on shares of Wintrust Financial in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Wintrust Financial has a consensus rating of "Moderate Buy" and a consensus price target of $149.57.

Wintrust Financial Trading Up 0.2%

Wintrust Financial stock traded up $0.23 during mid-day trading on Wednesday, hitting $131.90. The company's stock had a trading volume of 125,474 shares, compared to its average volume of 435,255. Wintrust Financial has a one year low of $89.10 and a one year high of $142.04. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. The company has a 50 day moving average of $132.11 and a 200-day moving average of $123.01. The stock has a market cap of $8.83 billion, a PE ratio of 12.48 and a beta of 0.83.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The bank reported $2.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.59 by $0.19. Wintrust Financial had a return on equity of 12.08% and a net margin of 18.06%.The business had revenue of $670.78 million for the quarter, compared to the consensus estimate of $661.43 million. During the same quarter in the prior year, the company earned $2.32 EPS. On average, research analysts anticipate that Wintrust Financial will post 10.36 EPS for the current year.

Insider Activity

In other news, COO David A. Dykstra sold 14,942 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $131.53, for a total value of $1,965,321.26. Following the completion of the transaction, the chief operating officer directly owned 182,208 shares in the company, valued at $23,965,818.24. This trade represents a 7.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Edward J. Wehmer acquired 3,919 shares of Wintrust Financial stock in a transaction dated Friday, July 25th. The stock was purchased at an average price of $26.35 per share, with a total value of $103,265.65. Following the completion of the purchase, the insider owned 3,919 shares of the company's stock, valued at approximately $103,265.65. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.01% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Earnest Partners LLC raised its position in Wintrust Financial by 7.4% during the first quarter. Earnest Partners LLC now owns 1,410,773 shares of the bank's stock valued at $158,656,000 after acquiring an additional 97,587 shares in the last quarter. Invesco Ltd. raised its position in Wintrust Financial by 9.0% during the second quarter. Invesco Ltd. now owns 1,229,858 shares of the bank's stock valued at $152,478,000 after acquiring an additional 101,134 shares in the last quarter. Jennison Associates LLC raised its position in Wintrust Financial by 16.0% during the second quarter. Jennison Associates LLC now owns 936,834 shares of the bank's stock valued at $116,149,000 after acquiring an additional 129,444 shares in the last quarter. Northern Trust Corp raised its position in Wintrust Financial by 20.2% during the first quarter. Northern Trust Corp now owns 852,583 shares of the bank's stock valued at $95,881,000 after acquiring an additional 143,401 shares in the last quarter. Finally, Reinhart Partners LLC. raised its position in Wintrust Financial by 12.2% during the second quarter. Reinhart Partners LLC. now owns 751,481 shares of the bank's stock valued at $93,170,000 after acquiring an additional 81,763 shares in the last quarter. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

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.

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