Wintrust Financial (NASDAQ:WTFC) PT Raised to $135.00 at Citigroup

Wintrust Financial (NASDAQ:WTFC) had its price objective raised by equities research analysts at Citigroup from $126.00 to $135.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the bank’s stock. Citigroup’s price target would suggest a potential upside of 18.24% from the company’s current price.

A number of other brokerages have also commented on WTFC. Truist Financial boosted their price objective on shares of Wintrust Financial from $118.00 to $123.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Jefferies Financial Group cut their price objective on shares of Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. DA Davidson boosted their price objective on shares of Wintrust Financial from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Keefe, Bruyette & Woods lowered shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $110.00 to $115.00 in a research report on Friday, July 19th. Finally, Wedbush restated an “outperform” rating and set a $130.00 target price on shares of Wintrust Financial in a report on Tuesday. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wintrust Financial currently has an average rating of “Moderate Buy” and a consensus target price of $123.00.

Wintrust Financial Stock Performance

Shares of WTFC opened at $114.17 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.99 and a current ratio of 1.02. Wintrust Financial has a twelve month low of $71.86 and a twelve month high of $117.77. The firm’s 50 day moving average price is $107.44 and its two-hundred day moving average price is $102.24. The firm has a market cap of $7.59 billion, a P/E ratio of 11.95 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). The business had revenue of $615.73 million during the quarter, compared to the consensus estimate of $623.45 million. Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.53 EPS. On average, analysts forecast that Wintrust Financial will post 10.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Wintrust Financial

Several institutional investors and hedge funds have recently modified their holdings of WTFC. Concord Wealth Partners acquired a new position in shares of Wintrust Financial in the first quarter valued at $26,000. Versant Capital Management Inc increased its holdings in shares of Wintrust Financial by 825.0% in the second quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock valued at $29,000 after purchasing an additional 264 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Wintrust Financial in the third quarter valued at about $35,000. UMB Bank n.a. grew its stake in shares of Wintrust Financial by 62.0% in the third quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after acquiring an additional 196 shares in the last quarter. Finally, Whittier Trust Co. grew its stake in shares of Wintrust Financial by 138.8% in the first quarter. Whittier Trust Co. now owns 578 shares of the bank’s stock valued at $60,000 after acquiring an additional 336 shares in the last quarter. 93.48% of the stock is currently 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.