Wintrust Financial (NASDAQ:WTFC) PT Raised to $130.00

Wintrust Financial (NASDAQ:WTFC) had its target price boosted by DA Davidson from $125.00 to $130.00 in a research report report published on Wednesday morning, Benzinga reports. DA Davidson currently has a buy rating on the bank’s stock.

Several other brokerages have also issued reports on WTFC. Stephens restated an “overweight” rating and set a $115.00 price target on shares of Wintrust Financial in a research note on Thursday, July 18th. Citigroup raised their target price on Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday. Piper Sandler upped their price target on Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday. Royal Bank of Canada lifted their price objective on Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Tuesday, July 9th. Finally, Raymond James upped their price objective on shares of Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $123.00.

Wintrust Financial Stock Performance

Shares of WTFC opened at $114.33 on Wednesday. The stock has a 50 day moving average of $106.84 and a 200 day moving average of $102.07. 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 has a 12 month low of $71.86 and a 12 month high of $117.77. The company has a market capitalization of $7.60 billion, a price-to-earnings ratio of 11.97 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results 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 for 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 company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.53 earnings per share. As a group, sell-side analysts forecast that Wintrust Financial will post 10.11 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Concord Wealth Partners purchased a new stake in shares of Wintrust Financial in the first quarter worth $26,000. Versant Capital Management Inc raised 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 in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Wintrust Financial during the 3rd quarter valued at about $35,000. UMB Bank n.a. grew its holdings in shares of 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 in the last quarter. Finally, Whittier Trust Co. increased its position in shares of 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 last quarter. 93.48% of the stock is owned by institutional investors.

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.