Wintrust Financial (NASDAQ:WTFC) Price Target Cut to $116.00 by Analysts at Jefferies Financial Group

Wintrust Financial (NASDAQ:WTFC) had its target price dropped by investment analysts at Jefferies Financial Group from $118.00 to $116.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the bank’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 17.40% from the stock’s current price.

A number of other equities research analysts also recently issued reports on WTFC. Truist Financial lowered their target price on shares of Wintrust Financial from $117.00 to $112.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Hovde Group restated a “market perform” rating and set a $100.00 price objective on shares of Wintrust Financial in a report on Friday, June 21st. Wedbush reiterated an “outperform” rating and issued a $116.00 target price on shares of Wintrust Financial in a report on Thursday, April 18th. Royal Bank of Canada upped their price target on Wintrust Financial from $109.00 to $116.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Finally, Barclays reduced their price objective on Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Wintrust Financial presently has a consensus rating of “Moderate Buy” and an average target price of $111.08.

Wintrust Financial Trading Down 1.3 %

WTFC traded down $1.26 during trading on Wednesday, hitting $98.81. The company’s stock had a trading volume of 108,359 shares, compared to its average volume of 360,424. Wintrust Financial has a twelve month low of $70.25 and a twelve month high of $105.29. The stock has a market cap of $6.10 billion, a PE ratio of 10.26 and a beta of 1.18. The firm’s 50 day moving average price is $97.66 and its 200-day moving average price is $96.97. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.98 and a quick ratio of 0.97.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Thursday, April 18th. The bank reported $2.89 EPS for the quarter, beating the consensus estimate of $2.42 by $0.47. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. The firm had revenue of $604.77 million during the quarter, compared to analyst estimates of $577.80 million. During the same period in the prior year, the firm posted $2.80 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, analysts expect that Wintrust Financial will post 10.13 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WTFC. Vanguard Group Inc. increased its holdings in Wintrust Financial by 3.9% during the 1st 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 last quarter. Dimensional Fund Advisors LP increased its stake in shares of Wintrust Financial by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,866,032 shares of the bank’s stock worth $265,829,000 after buying an additional 80,526 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Wintrust Financial by 4.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,843,679 shares of the bank’s stock valued at $171,001,000 after acquiring an additional 79,672 shares in the last quarter. Capital International Investors boosted its stake in Wintrust Financial by 4.6% during the 1st quarter. Capital International Investors now owns 1,638,085 shares of the bank’s stock valued at $171,000,000 after acquiring an additional 72,082 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Wintrust Financial by 54.6% during the 1st quarter. Principal Financial Group Inc. now owns 1,330,263 shares of the bank’s stock worth $138,866,000 after acquiring an additional 469,640 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

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.