Wintrust Financial (NASDAQ:WTFC) Sets New 12-Month High After Analyst Upgrade

Shares of Wintrust Financial Corporation (NASDAQ:WTFC) hit a new 52-week high during mid-day trading on Wednesday after Raymond James Financial upgraded the stock to a moderate buy rating. The company traded as high as $164.00 and last traded at $161.45, with a volume of 693426 shares. The stock had previously closed at $162.79.

Several other research analysts have also recently issued reports on WTFC. UBS Group reissued a “neutral” rating and issued a $170.00 price target on shares of Wintrust Financial in a research note on Tuesday. Weiss Ratings restated a “buy (b)” rating on shares of Wintrust Financial in a research note on Monday, June 29th. Citigroup upped their price objective on shares of Wintrust Financial from $178.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Truist Financial decreased their target price on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. Finally, TD Cowen raised their target price on shares of Wintrust Financial from $173.00 to $176.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $172.17.

Insider Activity

In other news, COO David A. Dykstra sold 9,579 shares of Wintrust Financial stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $148.82, for a total value of $1,425,546.78. Following the transaction, the chief operating officer owned 179,810 shares of the company’s stock, valued at $26,759,324.20. The trade was a 5.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO David L. Stoehr sold 3,020 shares of the stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $150.45, for a total transaction of $454,359.00. Following the sale, the chief financial officer directly owned 13,213 shares of the company’s stock, valued at approximately $1,987,895.85. This represents a 18.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 13,099 shares of company stock worth $1,954,386. Corporate insiders own 1.24% of the company’s stock.

Institutional Investors Weigh In On Wintrust Financial

Several large investors have recently modified their holdings of WTFC. Elyxium Wealth LLC acquired a new stake in shares of Wintrust Financial during the fourth quarter worth $31,000. Creative Financial Designs Inc. ADV boosted its position in shares of Wintrust Financial by 231.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock valued at $32,000 after purchasing an additional 160 shares during the period. Advisors Asset Management Inc. acquired a new position in shares of Wintrust Financial in the 1st quarter valued at $27,000. Harbour Investments Inc. increased its stake in Wintrust Financial by 72.7% in the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after purchasing an additional 101 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Wintrust Financial during the 1st quarter worth about $35,000. 93.48% of the stock is owned by institutional investors.

Wintrust Financial Stock Up 2.1%

The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $10.91 billion, a PE ratio of 13.56 and a beta of 0.84. The business’s 50 day simple moving average is $153.74 and its 200 day simple moving average is $148.06.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, April 20th. The bank reported $3.22 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.26. Wintrust Financial had a net margin of 20.11% and a return on equity of 13.15%. The business had revenue of $713.17 million for the quarter, compared to the consensus estimate of $707.23 million. During the same period last year, the firm posted $2.69 earnings per share. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, analysts forecast that Wintrust Financial Corporation will post 13.07 EPS for the current year.

About Wintrust Financial

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.