Wintrust Financial (NASDAQ:WTFC) Given New $156.00 Price Target at Piper Sandler

Wintrust Financial (NASDAQ:WTFC) had its target price raised by equities research analysts at Piper Sandler from $151.00 to $156.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the bank’s stock. Piper Sandler’s target price indicates a potential upside of 17.35% from the company’s previous close.

Several other brokerages have also recently commented on WTFC. Wedbush reiterated an “outperform” rating and issued a $130.00 target price on shares of Wintrust Financial in a report on Tuesday, October 22nd. DA Davidson upped their target price on Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Truist Financial raised Wintrust Financial to a “strong-buy” rating in a research note on Monday, January 6th. Raymond James reissued a “strong-buy” rating and issued a $150.00 price target (up from $135.00) on shares of Wintrust Financial in a research note on Thursday. Finally, StockNews.com lowered Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Wintrust Financial has an average rating of “Moderate Buy” and a consensus price target of $131.00.

Wintrust Financial Trading Down 0.3 %

Shares of NASDAQ:WTFC traded down $0.36 during midday trading on Thursday, hitting $132.93. 109,302 shares of the stock were exchanged, compared to its average volume of 455,242. The stock has a market capitalization of $8.84 billion, a price-to-earnings ratio of 12.89 and a beta of 1.20. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02. The business’s 50-day moving average price is $131.06 and its 200 day moving average price is $116.32. Wintrust Financial has a 12 month low of $89.68 and a 12 month high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, beating the consensus estimate of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.92% and a net margin of 17.52%. During the same period in the previous year, the firm earned $1.87 EPS. Analysts predict that Wintrust Financial will post 10.17 earnings per share for the current year.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, COO David A. Dykstra sold 15,492 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the transaction, the chief operating officer now directly owns 197,591 shares in the company, valued at approximately $22,817,808.68. This trade represents a 7.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard B. Murphy sold 4,099 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total value of $473,967.37. Following the sale, the insider now directly owns 42,311 shares of the company’s stock, valued at approximately $4,892,420.93. This represents a 8.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.47% of the company’s stock.

Institutional Investors Weigh In On Wintrust Financial

Large investors have recently made changes to their positions in the business. FMR LLC increased its holdings in Wintrust Financial by 14.1% in the 3rd quarter. FMR LLC now owns 5,153,999 shares of the bank’s stock worth $559,364,000 after acquiring an additional 637,072 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Wintrust Financial by 36.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank’s stock worth $87,132,000 after acquiring an additional 213,559 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Wintrust Financial by 11.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock worth $141,981,000 after acquiring an additional 133,311 shares during the last quarter. State Street Corp increased its holdings in Wintrust Financial by 5.1% in the 3rd quarter. State Street Corp now owns 2,627,561 shares of the bank’s stock worth $285,169,000 after acquiring an additional 126,724 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Wintrust Financial by 8.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,155,726 shares of the bank’s stock worth $125,464,000 after acquiring an additional 92,995 shares during the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.

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.