Wintrust Financial (NASDAQ:WTFC) Price Target Raised to $115.00 at Hovde Group

Wintrust Financial (NASDAQ:WTFC - Get Free Report) had its price objective hoisted by equities research analysts at Hovde Group from $107.00 to $115.00 in a report released on Wednesday, MarketBeat.com reports. The firm presently has a "market perform" rating on the bank's stock. Hovde Group's target price indicates a potential upside of 3.97% from the stock's previous close.

Several other equities research analysts have also weighed in on WTFC. Truist Financial upgraded shares of Wintrust Financial to a "strong-buy" rating in a report on Monday, January 6th. Royal Bank of Canada reiterated an "outperform" rating and set a $152.00 target price on shares of Wintrust Financial in a report on Thursday, January 23rd. StockNews.com downgraded Wintrust Financial from a "hold" rating to a "sell" rating in a report on Saturday, February 15th. Raymond James reiterated a "strong-buy" rating and issued a $150.00 price objective (up from $135.00) on shares of Wintrust Financial in a research report on Thursday, January 23rd. Finally, Piper Sandler increased their price objective on shares of Wintrust Financial from $151.00 to $156.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $133.54.

Wintrust Financial Trading Down 0.2 %

NASDAQ:WTFC traded down $0.19 during trading hours on Wednesday, hitting $110.61. 244,411 shares of the stock were exchanged, compared to its average volume of 418,809. The company has a market capitalization of $7.40 billion, a P/E ratio of 10.71 and a beta of 0.94. Wintrust Financial has a twelve month low of $89.10 and a twelve month high of $142.04. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The company's 50 day moving average is $110.76 and its two-hundred day moving average is $121.81.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its earnings results on Monday, April 21st. The bank reported $2.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.52 by $0.17. The company had revenue of $643.11 million for the quarter, compared to the consensus estimate of $643.11 million. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same period in the prior year, the company posted $2.89 EPS. On average, sell-side analysts anticipate that Wintrust Financial will post 10.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO David L. Stoehr sold 2,363 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $131.32, for a total value of $310,309.16. Following the completion of the transaction, the chief financial officer now owns 19,858 shares of the company's stock, valued at $2,607,752.56. The trade was a 10.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Richard B. Murphy sold 3,186 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $131.30, for a total transaction of $418,321.80. Following the sale, the insider now owns 48,814 shares in the company, valued at $6,409,278.20. The trade was a 6.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,178 shares of company stock worth $1,336,315 in the last 90 days. Company insiders own 1.01% of the company's stock.

Institutional Trading of Wintrust Financial

Large investors have recently made changes to their positions in the company. Journey Strategic Wealth LLC lifted its stake in Wintrust Financial by 3.6% during the fourth quarter. Journey Strategic Wealth LLC now owns 2,569 shares of the bank's stock worth $320,000 after purchasing an additional 89 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Wintrust Financial by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the bank's stock worth $2,307,000 after buying an additional 100 shares during the last quarter. CHICAGO TRUST Co NA boosted its stake in Wintrust Financial by 0.5% in the first quarter. CHICAGO TRUST Co NA now owns 19,896 shares of the bank's stock valued at $2,238,000 after buying an additional 100 shares in the last quarter. Gitterman Wealth Management LLC grew its position in Wintrust Financial by 5.0% in the fourth quarter. Gitterman Wealth Management LLC now owns 2,373 shares of the bank's stock valued at $296,000 after acquiring an additional 113 shares during the last quarter. Finally, Huntington National Bank raised its stake in Wintrust Financial by 3.3% during the fourth quarter. Huntington National Bank now owns 3,971 shares of the bank's stock worth $495,000 after acquiring an additional 127 shares in the last quarter. Institutional investors and hedge funds 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.