Wintrust Financial (NASDAQ:WTFC) Price Target Cut to $160.00 by Analysts at Jefferies Financial Group

Key Points

• Jefferies Financial Group lowered its price target for Wintrust Financial's stock from $165.00 to $160.00, maintaining a "buy" rating, which suggests a potential upside of 26.43%.
• In addition, several other analysts have raised their price targets, with Truist Financial setting it at $151.00 and Royal Bank of Canada at $158.00, indicating a generally positive outlook for the stock.
• Wintrust Financial reported $3.06 earnings per share for the latest quarter, surpassing analysts' expectations and showing year-over-year growth compared to $2.47 from the previous year.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) had its target price decreased by research analysts at Jefferies Financial Group from $165.00 to $160.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the bank's stock. Jefferies Financial Group's price target points to a potential upside of 26.43% from the stock's current price.

Several other analysts have also commented on WTFC. Truist Financial boosted their price target on Wintrust Financial from $137.00 to $151.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Piper Sandler reaffirmed an "overweight" rating and issued a $160.00 price target (up previously from $141.00) on shares of Wintrust Financial in a research note on Wednesday, July 23rd. Royal Bank Of Canada boosted their price target on Wintrust Financial from $137.00 to $158.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Wall Street Zen raised Wintrust Financial from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, DA Davidson boosted their price objective on Wintrust Financial from $135.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $149.21.

Wintrust Financial Stock Performance

Shares of NASDAQ WTFC opened at $126.55 on Tuesday. The company has a market cap of $8.47 billion, a P/E ratio of 11.97 and a beta of 0.83. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.68. Wintrust Financial has a 12 month low of $89.10 and a 12 month high of $142.04. The business's 50 day moving average is $132.49 and its two-hundred day moving average is $124.13.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings data on Monday, October 20th. The bank reported $3.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.63 by $0.43. The business had revenue of $697.84 million for the quarter, compared to analysts' expectations of $689.10 million. Wintrust Financial had a return on equity of 12.08% and a net margin of 18.06%.During the same period in the previous year, the business posted $2.47 earnings per share. On average, equities analysts expect that Wintrust Financial will post 10.36 EPS for the current year.

Insider Buying and Selling at Wintrust Financial

In related news, COO David A. Dykstra sold 14,942 shares of the company'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 sale, the chief operating officer owned 182,208 shares in the company, valued at approximately $23,965,818.24. This represents a 7.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Edward J. Wehmer acquired 3,919 shares of the company's stock in a transaction that occurred on Friday, July 25th. The stock was bought at an average price of $26.35 per share, with a total value of $103,265.65. Following the acquisition, the insider directly owned 3,919 shares of the company's stock, valued at $103,265.65. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.01% of the company's stock.

Institutional Investors Weigh In On Wintrust Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its holdings in Wintrust Financial by 43.3% in the first quarter. Envestnet Asset Management Inc. now owns 349,983 shares of the bank's stock valued at $39,359,000 after purchasing an additional 105,754 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Wintrust Financial by 7.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,426 shares of the bank's stock worth $273,000 after acquiring an additional 165 shares in the last quarter. Capstone Financial Advisors Inc. bought a new stake in shares of Wintrust Financial in the first quarter worth about $297,000. Cetera Investment Advisers increased its holdings in shares of Wintrust Financial by 24.5% in the first quarter. Cetera Investment Advisers now owns 19,663 shares of the bank's stock worth $2,211,000 after acquiring an additional 3,873 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Wintrust Financial by 151.7% in the first quarter. LPL Financial LLC now owns 40,220 shares of the bank's stock worth $4,523,000 after acquiring an additional 24,240 shares in the last quarter. Institutional investors 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.

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