StockNews.com Downgrades Wintrust Financial (NASDAQ:WTFC) to Sell

Wintrust Financial (NASDAQ:WTFC – Get Free Report) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

A number of other research firms have also recently commented on WTFC. UBS Group began coverage on shares of Wintrust Financial in a report on Tuesday, December 17th. They issued a “buy” rating and a $157.00 target price for the company. Piper Sandler raised their target price on shares of Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Wedbush reaffirmed an “outperform” rating and set a $130.00 target price on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Truist Financial upgraded Wintrust Financial to a “strong-buy” rating in a research note on Monday, January 6th. Finally, DA Davidson boosted their price objective on Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $133.69.

View Our Latest Report on WTFC

Wintrust Financial Stock Performance

Shares of NASDAQ:WTFC opened at $133.03 on Wednesday. The company’s 50 day simple moving average is $131.10 and its 200 day simple moving average is $116.44. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 1.01. Wintrust Financial has a 1 year low of $89.68 and a 1 year high of $142.04. The stock has a market capitalization of $8.85 billion, a price-to-earnings ratio of 12.90 and a beta of 1.20.

Wintrust Financial (NASDAQ:WTFC – Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the company posted $1.87 earnings per share. As a group, research analysts predict that Wintrust Financial will post 10.17 EPS for the current fiscal year.

Insider Buying and Selling at Wintrust Financial

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

Institutional Investors Weigh In On Wintrust Financial

Several institutional investors and hedge funds have recently made changes to their positions in the business. Chartwell Investment Partners LLC increased its holdings in Wintrust Financial by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 11,049 shares of the bank’s stock worth $1,200,000 after purchasing an additional 89 shares in the last quarter. Shaker Investments LLC OH grew its position in shares of Wintrust Financial by 0.3% during the 3rd quarter. Shaker Investments LLC OH now owns 28,928 shares of the bank’s stock worth $3,140,000 after buying an additional 96 shares during the period. Captrust Financial Advisors increased its stake in shares of Wintrust Financial by 2.8% in the 3rd quarter. Captrust Financial Advisors now owns 3,859 shares of the bank’s stock valued at $419,000 after acquiring an additional 104 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Wintrust Financial by 1.7% during the 3rd quarter. MML Investors Services LLC now owns 6,201 shares of the bank’s stock valued at $673,000 after acquiring an additional 106 shares during the period. Finally, US Bancorp DE boosted its stake in Wintrust Financial by 0.5% during the third quarter. US Bancorp DE now owns 24,716 shares of the bank’s stock worth $2,682,000 after acquiring an additional 126 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Company Profile

(Get Free Report)

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.

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