Piper Sandler Has Lowered Expectations for Wintrust Financial (NASDAQ:WTFC) Stock Price

Wintrust Financial (NASDAQ:WTFC) had its target price decreased by investment analysts at Piper Sandler from $195.00 to $186.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the bank’s stock. Piper Sandler’s price target suggests a potential upside of 25.55% from the stock’s previous close.

A number of other brokerages have also weighed in on WTFC. Brean Capital lowered shares of Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 target price on the stock. in a research report on Tuesday, July 21st. TD Cowen reiterated a “buy” rating on shares of Wintrust Financial in a report on Wednesday. Raymond James Financial assumed coverage on shares of Wintrust Financial in a report on Tuesday, July 7th. They set an “outperform” rating and a $180.00 price target for the company. UBS Group reiterated a “neutral” rating and issued a $170.00 price target on shares of Wintrust Financial in a research note on Tuesday, July 7th. Finally, Truist Financial raised their price objective on Wintrust Financial from $170.00 to $183.00 and gave the company a “buy” rating in a report on Friday, July 10th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $176.00.

Wintrust Financial Price Performance

Shares of WTFC traded up $1.87 during mid-day trading on Wednesday, reaching $148.15. The company had a trading volume of 68,709 shares, compared to its average volume of 513,292. The company has a market capitalization of $9.99 billion, a price-to-earnings ratio of 11.37 and a beta of 0.89. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98. The company’s 50 day simple moving average is $149.25 and its 200 day simple moving average is $152.30. Wintrust Financial has a 1-year low of $122.00 and a 1-year high of $167.21.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Monday, October 19th. The bank reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.06. The business had revenue of $757.88 million during the quarter, compared to analysts’ expectations of $754.54 million. Wintrust Financial had a net margin of 21.03% and a return on equity of 13.26%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.06 EPS. Analysts expect that Wintrust Financial will post 13.17 EPS for the current year.

Insider Transactions at Wintrust Financial

In related news, COO David Dykstra sold 13,515 shares of Wintrust Financial stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following the sale, the chief operating officer directly owned 166,449 shares in the company, valued at $27,092,903.73. This trade represents a 7.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Wintrust Financial

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Wintrust Financial during the second quarter valued at $1,058,088,000. First Trust Advisors LP lifted its holdings in shares of Wintrust Financial by 26.6% during the first quarter. First Trust Advisors LP now owns 1,830,268 shares of the bank’s stock worth $254,297,000 after purchasing an additional 385,069 shares during the period. Bank of America Corp DE acquired a new position in shares of Wintrust Financial during the second quarter worth $168,021,000. Bank of New York Mellon Corp grew its stake in shares of Wintrust Financial by 13.2% in the first quarter. Bank of New York Mellon Corp now owns 595,830 shares of the bank’s stock worth $82,785,000 after purchasing an additional 69,444 shares during the last quarter. Finally, Jupiter Topco LLC bought a new stake in shares of Wintrust Financial in the second quarter worth $92,734,000. 93.48% of the stock is owned by institutional investors.

Wintrust Financial Company Profile

Wintrust Financial Corporation (NASDAQ: WTFC) is a financial holding company headquartered in Rosemont, Illinois. Through its network of community banking subsidiaries, the company provides banking and financial services to individuals, families, businesses and institutions.

Its offerings include checking and savings accounts, commercial and consumer lending, residential mortgages, treasury management, cash management and other deposit services. Wintrust also provides wealth management, investment services, insurance-related products and specialized finance solutions, including equipment finance and premium finance.

Founded in 1991, Wintrust has built its business through a community banking model that combines local decision-making and relationship-based service with the resources of a larger financial organization.