Wintrust Financial (NASDAQ:WTFC - Get Free Report)'s stock had its "outperform" rating reiterated by equities research analysts at Wedbush in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $130.00 price objective on the bank's stock. Wedbush's target price would indicate a potential upside of 15.58% from the stock's current price.
WTFC has been the topic of several other research reports. 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. 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 note on Friday, July 19th. Truist Financial upped their price target on shares of Wintrust Financial from $118.00 to $123.00 and gave the company a "buy" rating in a research report on Friday, September 20th. Royal Bank of Canada upped their price target on shares of Wintrust Financial from $116.00 to $117.00 and gave the company an "outperform" rating in a research report on Tuesday, July 9th. Finally, Jefferies Financial Group cut their price target 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. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $118.23.
Check Out Our Latest Report on WTFC
Shares of Wintrust Financial stock traded up $0.19 during trading on Tuesday, hitting $112.48. The company's stock had a trading volume of 121,536 shares, compared to its average volume of 380,963. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.99 and a quick ratio of 0.99. Wintrust Financial has a 52 week low of $71.86 and a 52 week high of $117.77. The stock has a market cap of $6.95 billion, a price-to-earnings ratio of 11.63 and a beta of 1.16. The stock has a 50-day moving average price of $106.20 and a two-hundred day moving average price of $101.88.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing the consensus estimate of $2.50 by ($0.03). Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The business had revenue of $615.73 million during the quarter, compared to the consensus estimate of $623.45 million. During the same period in the prior year, the firm earned $2.53 EPS. The business's revenue for the quarter was up 7.1% compared to the same quarter last year. Equities research analysts anticipate that Wintrust Financial will post 10.11 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its position in Wintrust Financial by 84.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the bank's stock valued at $533,000 after acquiring an additional 2,623 shares in the last quarter. Park Avenue Securities LLC lifted its position in Wintrust Financial by 17.8% in the 1st quarter. Park Avenue Securities LLC now owns 6,620 shares of the bank's stock valued at $691,000 after acquiring an additional 998 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Wintrust Financial by 8.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,234 shares of the bank's stock valued at $651,000 after acquiring an additional 498 shares in the last quarter. Oliver Luxxe Assets LLC lifted its position in Wintrust Financial by 1.7% in the 1st quarter. Oliver Luxxe Assets LLC now owns 9,290 shares of the bank's stock valued at $970,000 after acquiring an additional 157 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Wintrust Financial by 157.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 190,416 shares of the bank's stock valued at $19,878,000 after acquiring an additional 116,503 shares in the last quarter. Institutional investors own 93.48% of the company's stock.
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.
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