Wintrust Financial (NASDAQ:WTFC – Get Rating) had its price objective decreased by stock analysts at Raymond James from $130.00 to $111.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “strong-buy” rating on the bank’s stock. Raymond James’ target price would indicate a potential upside of 35.91% from the company’s current price.
A number of other brokerages have also issued reports on WTFC. UBS Group raised their price objective on shares of Wintrust Financial from $95.00 to $104.00 in a report on Thursday, April 21st. Piper Sandler lowered their price target on shares of Wintrust Financial from $121.00 to $106.00 and set an “overweight” rating for the company in a report on Thursday, June 9th. Janney Montgomery Scott upgraded shares of Wintrust Financial from a “neutral” rating to a “buy” rating in a report on Tuesday, March 8th. Finally, StockNews.com assumed coverage on shares of Wintrust Financial in a report on Thursday, March 31st. They set a “hold” rating for the company. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $110.43.
Shares of WTFC opened at $81.67 on Wednesday. The firm has a market capitalization of $4.96 billion, a PE ratio of 11.47, a PEG ratio of 0.63 and a beta of 1.29. The company’s 50-day moving average is $85.26 and its 200-day moving average is $91.66. Wintrust Financial has a fifty-two week low of $65.66 and a fifty-two week high of $105.56. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.97 and a quick ratio of 0.95.
Wintrust Financial (NASDAQ:WTFC – Get Rating) last released its quarterly earnings results on Tuesday, April 19th. The bank reported $2.07 EPS for the quarter, beating the consensus estimate of $1.54 by $0.53. Wintrust Financial had a net margin of 23.67% and a return on equity of 10.95%. The business had revenue of $462.08 million for the quarter, compared to the consensus estimate of $427.66 million. During the same period in the prior year, the company posted $2.54 earnings per share. Wintrust Financial’s revenue was up 3.1% compared to the same quarter last year. Analysts predict that Wintrust Financial will post 7.72 earnings per share for the current fiscal year.
In related news, Director H Patrick Hackett, Jr. acquired 5,000 shares of the stock in a transaction on Tuesday, April 26th. The stock was purchased at an average price of $91.23 per share, for a total transaction of $456,150.00. Following the completion of the transaction, the director now owns 40,037 shares of the company’s stock, valued at approximately $3,652,575.51. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.41% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Wintrust Financial by 23.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,070 shares of the bank’s stock worth $642,000 after purchasing an additional 1,324 shares in the last quarter. Keybank National Association OH purchased a new stake in shares of Wintrust Financial in the fourth quarter worth $1,001,000. CIBC Private Wealth Group LLC grew its stake in shares of Wintrust Financial by 3.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 6,576 shares of the bank’s stock worth $597,000 after acquiring an additional 200 shares during the last quarter. American Trust purchased a new stake in shares of Wintrust Financial in the fourth quarter worth $476,000. Finally, American Century Companies Inc. grew its stake in shares of Wintrust Financial by 6.9% in the fourth quarter. American Century Companies Inc. now owns 372,801 shares of the bank’s stock worth $33,858,000 after acquiring an additional 24,023 shares during the last quarter. Institutional investors own 89.71% of the company’s stock.
About Wintrust Financial (Get Rating)
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.