Wintrust Financial (NASDAQ:WTFC) PT Lowered to $116.00

Wintrust Financial (NASDAQ:WTFC) had its price target dropped by stock analysts at Jefferies Financial Group from $118.00 to $116.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the bank’s stock. Jefferies Financial Group’s price target suggests a potential upside of 17.40% from the company’s previous close.

WTFC has been the topic of a number of other reports. Royal Bank of Canada raised their price objective on shares of Wintrust Financial from $109.00 to $116.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Barclays cut their price objective on shares of Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Citigroup decreased their target price on Wintrust Financial from $115.00 to $113.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. StockNews.com raised Wintrust Financial from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. Finally, Truist Financial lowered their price objective on Wintrust Financial from $117.00 to $112.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Wintrust Financial presently has an average rating of “Moderate Buy” and a consensus price target of $111.08.

Wintrust Financial Trading Down 1.3 %

Shares of Wintrust Financial stock traded down $1.26 during trading on Wednesday, reaching $98.81. 108,359 shares of the stock were exchanged, compared to its average volume of 360,424. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.78. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 10.26 and a beta of 1.18. The stock’s fifty day moving average is $97.66 and its 200 day moving average is $96.97. Wintrust Financial has a 1 year low of $70.25 and a 1 year high of $105.29.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Thursday, April 18th. The bank reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.47. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. The firm had revenue of $604.77 million for the quarter, compared to analysts’ expectations of $577.80 million. During the same period in the prior year, the firm posted $2.80 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts expect that Wintrust Financial will post 10.13 earnings per share for the current fiscal year.

Institutional Trading of Wintrust Financial

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Wintrust Financial by 3.9% in the first quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock valued at $673,603,000 after purchasing an additional 244,168 shares during the period. Dimensional Fund Advisors LP raised its position in Wintrust Financial by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,866,032 shares of the bank’s stock worth $265,829,000 after acquiring an additional 80,526 shares during the period. Victory Capital Management Inc. lifted its holdings in Wintrust Financial by 4.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,843,679 shares of the bank’s stock valued at $171,001,000 after purchasing an additional 79,672 shares in the last quarter. Capital International Investors grew its position in shares of Wintrust Financial by 4.6% in the first quarter. Capital International Investors now owns 1,638,085 shares of the bank’s stock valued at $171,000,000 after purchasing an additional 72,082 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Wintrust Financial by 54.6% during the first quarter. Principal Financial Group Inc. now owns 1,330,263 shares of the bank’s stock worth $138,866,000 after purchasing an additional 469,640 shares in the last quarter. Institutional investors and hedge funds 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.