Wintrust Financial’s (WTFC) “Outperform” Rating Reiterated at Wedbush

Wedbush reissued their outperform rating on shares of Wintrust Financial (NASDAQ:WTFC) in a report released on Tuesday morning, Benzinga reports. They currently have a $130.00 price objective on the bank’s stock. Wedbush also issued estimates for Wintrust Financial’s Q4 2024 earnings at $2.53 EPS, FY2024 earnings at $10.20 EPS, Q1 2025 earnings at $2.52 EPS, Q2 2025 earnings at $2.57 EPS, Q3 2025 earnings at $2.62 EPS, FY2025 earnings at $10.15 EPS and FY2026 earnings at $10.55 EPS.

A number of other analysts also recently commented on WTFC. Keefe, Bruyette & Woods downgraded Wintrust Financial from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $110.00 to $115.00 in a report on Friday, July 19th. Truist Financial raised their price objective on Wintrust Financial from $118.00 to $123.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Royal Bank of Canada boosted their target price on Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Tuesday, July 9th. DA Davidson raised their price target on shares of Wintrust Financial from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Stephens reiterated an “overweight” rating and set a $115.00 price objective on shares of Wintrust Financial in a research note on Thursday, July 18th. Three analysts have rated the stock with 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, Wintrust Financial currently has a consensus rating of “Moderate Buy” and an average target price of $123.00.

Wintrust Financial Stock Down 1.0 %

Shares of NASDAQ:WTFC opened at $113.02 on Tuesday. Wintrust Financial has a 12-month low of $72.14 and a 12-month high of $117.77. The stock’s 50-day moving average price is $107.69 and its two-hundred day moving average price is $102.32. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.73. The firm has a market cap of $6.98 billion, a price-to-earnings ratio of 11.69 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). The company had revenue of $615.73 million during the quarter, compared to analysts’ expectations of $623.45 million. Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. Wintrust Financial’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.53 earnings per share. On average, research analysts forecast that Wintrust Financial will post 10.11 EPS for the current year.

Insider Activity at Wintrust Financial

In other news, CFO David L. Stoehr sold 1,607 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total transaction of $182,330.22. Following the completion of the transaction, the chief financial officer now directly owns 14,874 shares in the company, valued at approximately $1,687,604.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.47% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Wintrust Financial

A number of institutional investors have recently modified their holdings of WTFC. Concord Wealth Partners bought a new stake in Wintrust Financial in the first quarter valued at about $26,000. Versant Capital Management Inc increased its holdings in shares of Wintrust Financial by 825.0% in the 2nd quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock valued at $29,000 after acquiring an additional 264 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Wintrust Financial during the 3rd quarter valued at approximately $35,000. UMB Bank n.a. lifted its stake in Wintrust Financial by 62.0% during the third quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock worth $56,000 after purchasing an additional 196 shares during the last quarter. Finally, Whittier Trust Co. boosted its holdings in Wintrust Financial by 138.8% in the first quarter. Whittier Trust Co. now owns 578 shares of the bank’s stock worth $60,000 after purchasing an additional 336 shares during the period. 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.