Wintrust Financial (NASDAQ:WTFC) Price Target Increased to $118.00 by Analysts at Truist Financial

Wintrust Financial (NASDAQ:WTFC) had its price objective upped by Truist Financial from $107.00 to $118.00 in a report issued on Monday morning, Benzinga reports. They currently have a buy rating on the bank’s stock.

WTFC has been the topic of several other reports. Keefe, Bruyette & Woods downgraded Wintrust Financial from an outperform rating to a market perform rating and boosted their price objective for the company from $110.00 to $115.00 in a research report on Friday, July 19th. Hovde Group reissued a market perform rating and set a $100.00 price objective on shares of Wintrust Financial in a report on Friday, June 21st. Jefferies Financial Group reduced their target price on Wintrust Financial from $118.00 to $116.00 and set a buy rating on the stock in a report on Wednesday, July 3rd. DA Davidson raised their target price on shares of Wintrust Financial from $120.00 to $125.00 and gave the company a buy rating in a report on Friday, July 19th. Finally, StockNews.com upgraded shares of Wintrust Financial from a sell rating to a hold rating in a research report on Thursday, April 18th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Wintrust Financial has a consensus rating of Moderate Buy and a consensus target price of $117.85.

Wintrust Financial Trading Up 1.7 %

Shares of Wintrust Financial stock opened at $108.87 on Monday. Wintrust Financial has a 1-year low of $71.86 and a 1-year high of $113.68. The company’s fifty day simple moving average is $98.97 and its 200-day simple moving average is $98.27. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $6.72 billion, a PE ratio of 11.26 and a beta of 1.18.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Wednesday, July 17th. The bank reported $2.32 EPS for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.10). The firm had revenue of $591.76 million for the quarter, compared to the consensus estimate of $587.33 million. Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. Wintrust Financial’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.38 EPS. As a group, equities analysts anticipate that Wintrust Financial will post 10.11 earnings per share for the current year.

Hedge Funds Weigh In On Wintrust Financial

A number of large investors have recently bought and sold shares of WTFC. Capital International Investors raised its position in Wintrust Financial by 79.5% during the 4th quarter. Capital International Investors now owns 1,566,003 shares of the bank’s stock valued at $145,247,000 after purchasing an additional 693,452 shares in the last quarter. Norges Bank purchased a new stake in Wintrust Financial during the fourth quarter worth $61,898,000. Principal Financial Group Inc. boosted its position in Wintrust Financial by 136.7% during the 4th quarter. Principal Financial Group Inc. now owns 860,623 shares of the bank’s stock valued at $79,823,000 after acquiring an additional 497,065 shares in the last quarter. Westfield Capital Management Co. LP purchased a new position in Wintrust Financial in the fourth quarter valued at about $31,267,000. Finally, Jennison Associates LLC raised its holdings in Wintrust Financial by 102.2% in the fourth quarter. Jennison Associates LLC now owns 596,632 shares of the bank’s stock worth $55,338,000 after purchasing an additional 301,528 shares in the last quarter. Hedge funds and other institutional investors 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.