Wintrust Financial (NASDAQ:WTFC) PT Raised to $118.00 at Truist Financial

Wintrust Financial (NASDAQ:WTFC) had its target price boosted by Truist Financial from $107.00 to $118.00 in a report published on Monday morning, Benzinga reports. They currently have a buy rating on the bank’s stock.

Several other research analysts have also weighed in on the company. DA Davidson lifted their price objective on Wintrust Financial from $120.00 to $125.00 and gave the stock a buy rating in a research report on Friday, July 19th. Hovde Group restated a market perform rating and set a $100.00 price target on shares of Wintrust Financial in a report on Friday, June 21st. Jefferies Financial Group reduced their price objective on shares of Wintrust Financial from $118.00 to $116.00 and set a buy rating for the company in a research report on Wednesday, July 3rd. Royal Bank of Canada boosted their target price 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, Stephens reaffirmed an overweight rating and issued a $115.00 price target on shares of Wintrust Financial in a research note on Thursday, July 18th. Three equities research 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $117.85.

Wintrust Financial Price Performance

Wintrust Financial stock opened at $108.87 on Monday. The firm has a market cap of $6.72 billion, a P/E ratio of 11.26 and a beta of 1.18. The stock’s 50 day moving average is $98.97 and its 200 day moving average is $98.27. 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 one year low of $71.86 and a one year high of $113.68.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Wednesday, July 17th. The bank reported $2.32 EPS for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.10). Wintrust Financial had a net margin of 17.02% and a return on equity of 12.71%. The firm had revenue of $591.76 million during the quarter, compared to the consensus estimate of $587.33 million. During the same period in the prior year, the company posted $2.38 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, research analysts expect that Wintrust Financial will post 10.11 EPS for the current year.

Institutional Trading of Wintrust Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WTFC. Johnson Financial Group Inc. purchased a new position in Wintrust Financial during the fourth quarter worth about $25,000. Concord Wealth Partners bought a new position in shares of Wintrust Financial in the first quarter valued at approximately $26,000. Opal Wealth Advisors LLC purchased a new stake in shares of Wintrust Financial during the first quarter valued at approximately $27,000. Versant Capital Management Inc increased its position in shares of Wintrust Financial by 825.0% during the second quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock valued at $29,000 after acquiring an additional 264 shares during the last quarter. Finally, Quent Capital LLC lifted its holdings in Wintrust Financial by 120.8% during the fourth quarter. Quent Capital LLC now owns 351 shares of the bank’s stock worth $33,000 after acquiring an additional 192 shares during the period. 93.48% of the stock is owned by institutional investors.

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.