Wintrust Financial (NASDAQ:WTFC) Price Target Increased to $135.00 by Analysts at Raymond James

Wintrust Financial (NASDAQ:WTFC) had its target price lifted by investment analysts at Raymond James from $125.00 to $135.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “strong-buy” rating on the bank’s stock. Raymond James’ price objective would suggest a potential upside of 16.75% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Stephens restated an “overweight” rating and issued a $115.00 price target on shares of Wintrust Financial in a 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 stock an “outperform” rating in a research note on Tuesday, July 9th. Piper Sandler increased their price objective on shares of Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday. 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, Wedbush reaffirmed an “outperform” rating and issued a $130.00 target price on shares of Wintrust Financial in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $122.62.

Wintrust Financial Stock Performance

WTFC stock traded up $0.87 during trading on Wednesday, hitting $115.63. The company had a trading volume of 37,073 shares, compared to its average volume of 382,128. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.85. The firm has a market cap of $7.14 billion, a PE ratio of 11.93 and a beta of 1.16. The firm has a 50-day moving average price of $106.84 and a 200-day moving average price of $102.07. Wintrust Financial has a 1-year low of $71.86 and a 1-year high of $117.77.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). Wintrust Financial had a net margin of 17.02% and a return on equity of 12.71%. The company had revenue of $615.73 million during the quarter, compared to analysts’ expectations of $623.45 million. During the same quarter in the prior year, the business earned $2.53 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, analysts expect that Wintrust Financial will post 10.11 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WTFC. Whittier Trust Co. of Nevada Inc. raised its position in Wintrust Financial by 11.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank’s stock valued at $85,000 after buying an additional 91 shares during the period. Shaker Investments LLC OH lifted its position in Wintrust Financial by 0.3% in the 3rd quarter. Shaker Investments LLC OH now owns 28,928 shares of the bank’s stock worth $3,140,000 after buying an additional 96 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in Wintrust Financial by 1.4% in the second quarter. Concurrent Investment Advisors LLC now owns 10,304 shares of the bank’s stock worth $1,016,000 after buying an additional 145 shares during the last quarter. Inspire Investing LLC lifted its stake in Wintrust Financial by 4.4% in the second quarter. Inspire Investing LLC now owns 3,574 shares of the bank’s stock valued at $352,000 after acquiring an additional 151 shares during the last quarter. Finally, Oliver Luxxe Assets LLC increased its stake in shares of Wintrust Financial by 1.7% during the 1st quarter. Oliver Luxxe Assets LLC now owns 9,290 shares of the bank’s stock worth $970,000 after purchasing an additional 157 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

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.