Wintrust Financial (NASDAQ:WTFC) Price Target Raised to $136.00 at Piper Sandler

Wintrust Financial (NASDAQ:WTFC) had its target price hoisted by Piper Sandler from $131.00 to $136.00 in a research note released on Wednesday, Benzinga reports. The brokerage currently has an overweight rating on the bank’s stock.

Several other equities analysts also recently weighed in on WTFC. Jefferies Financial Group dropped their price objective on Wintrust Financial from $118.00 to $116.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Royal Bank of Canada raised their price target on Wintrust Financial from $116.00 to $117.00 and gave the company an “outperform” rating in a research report on Tuesday, July 9th. Citigroup boosted their price objective on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday. Stephens reissued an “overweight” rating and issued a $115.00 price objective on shares of Wintrust Financial in a research note on Thursday, July 18th. Finally, Wedbush restated an “outperform” rating and set a $130.00 target price on shares of Wintrust Financial in a research report on Tuesday. Three research 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $123.00.

Wintrust Financial Stock Performance

NASDAQ WTFC opened at $114.33 on Wednesday. The business’s 50 day moving average is $106.84 and its two-hundred day moving average is $102.07. Wintrust Financial has a 12-month low of $71.86 and a 12-month high of $117.77. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 11.97 and a beta of 1.16. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.73.

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

Institutional Investors Weigh In On Wintrust Financial

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Wintrust Financial by 3.9% during the first quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock worth $673,603,000 after purchasing an additional 244,168 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Wintrust Financial by 157.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 190,416 shares of the bank’s stock worth $19,878,000 after buying an additional 116,503 shares during the last quarter. Capital International Investors increased its holdings in shares of Wintrust Financial by 4.6% during the 1st quarter. Capital International Investors now owns 1,638,085 shares of the bank’s stock worth $171,000,000 after buying an additional 72,082 shares during the last quarter. Choreo LLC purchased a new position in shares of Wintrust Financial in the 2nd quarter worth $1,115,000. Finally, Raymond James & Associates boosted its holdings in Wintrust Financial by 2.7% in the second quarter. Raymond James & Associates now owns 207,944 shares of the bank’s stock valued at $20,495,000 after acquiring an additional 5,563 shares during the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

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.