Wintrust Financial (NASDAQ:WTFC) Price Target Increased to $136.00 by Analysts at Piper Sandler

Wintrust Financial (NASDAQ:WTFC) had its price objective increased by analysts at Piper Sandler from $131.00 to $136.00 in a report released on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the bank’s stock. Piper Sandler’s price target would suggest a potential upside of 19.12% from the company’s previous close.

A number of other research analysts have also weighed in on the company. DA Davidson increased their price target on Wintrust Financial from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Stephens reiterated an “overweight” rating and set a $115.00 target price on shares of Wintrust Financial in a research report on Thursday, July 18th. Royal Bank of Canada lifted their price target on Wintrust Financial from $116.00 to $117.00 and gave the company an “outperform” rating in a report on Tuesday, July 9th. Wedbush reiterated an “outperform” rating and set a $130.00 price objective on shares of Wintrust Financial in a report on Tuesday. Finally, Jefferies Financial Group lowered their target price on shares of Wintrust Financial from $118.00 to $116.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $123.00.

Wintrust Financial Trading Down 0.1 %

Shares of WTFC stock opened at $114.17 on Wednesday. Wintrust Financial has a twelve month low of $71.86 and a twelve month high of $117.77. The company has a market capitalization of $7.59 billion, a price-to-earnings ratio of 11.95 and a beta of 1.16. The firm has a 50-day moving average price of $107.44 and a 200 day moving average price of $102.24. 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 (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The firm had revenue of $615.73 million during the quarter, compared to analyst estimates of $623.45 million. During the same period in the prior year, the firm earned $2.53 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. Research analysts forecast that Wintrust Financial will post 10.11 earnings per share for the current fiscal year.

Institutional Trading of Wintrust Financial

Several large investors have recently added to or reduced their stakes in WTFC. Vanguard Group Inc. boosted its position in shares of Wintrust Financial by 3.9% in the first quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock worth $673,603,000 after buying an additional 244,168 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Wintrust Financial by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank’s stock worth $297,376,000 after acquiring an additional 146,090 shares during the period. F M Investments LLC acquired a new stake in Wintrust Financial in the second quarter valued at approximately $11,850,000. Allspring Global Investments Holdings LLC raised its stake in shares of Wintrust Financial by 157.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 190,416 shares of the bank’s stock valued at $19,878,000 after purchasing an additional 116,503 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. boosted its stake in shares of Wintrust Financial by 15.5% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 630,824 shares of the bank’s stock valued at $62,174,000 after purchasing an additional 84,687 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

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.