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

Wintrust Financial (NASDAQ:WTFC) had its price objective upped by Piper Sandler from $131.00 to $136.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the bank’s stock. Piper Sandler’s price objective would indicate a potential upside of 18.51% from the company’s current price.

A number of other research firms have also recently weighed in on WTFC. Keefe, Bruyette & Woods cut shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $110.00 to $115.00 in a research report on Friday, July 19th. Jefferies Financial Group decreased 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. Wedbush reissued an “outperform” rating and issued a $130.00 price objective on shares of Wintrust Financial in a research report on Tuesday. DA Davidson increased their price target on shares of Wintrust Financial from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Royal Bank of Canada increased their price target on shares of Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 9th. 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, the company has an average rating of “Moderate Buy” and a consensus target price of $121.08.

Wintrust Financial Stock Up 2.2 %

NASDAQ WTFC traded up $2.47 during trading hours on Wednesday, hitting $114.76. The company had a trading volume of 704,185 shares, compared to its average volume of 383,802. Wintrust Financial has a fifty-two week low of $71.86 and a fifty-two week high of $117.77. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 11.87 and a beta of 1.16. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.99 and a quick ratio of 0.99. The firm’s 50 day moving average is $106.84 and its 200 day moving average is $102.07.

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 the consensus estimate of $2.50 by ($0.03). The company had revenue of $615.73 million during the quarter, compared to analyst estimates of $623.45 million. Wintrust Financial had a net margin of 17.02% and a return on equity of 12.71%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.53 earnings per share. Sell-side analysts anticipate that Wintrust Financial will post 10.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Wintrust Financial

A number of large investors have recently bought and sold shares of WTFC. Concord Wealth Partners acquired a new stake in shares of Wintrust Financial in the first quarter valued at approximately $26,000. Versant Capital Management Inc increased its stake in shares of Wintrust Financial by 825.0% in the second quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock valued at $29,000 after purchasing an additional 264 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Wintrust Financial in the third quarter valued at approximately $35,000. UMB Bank n.a. increased its stake in shares of Wintrust Financial by 62.0% in the third quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after purchasing an additional 196 shares during the period. Finally, Whittier Trust Co. increased its stake in shares of Wintrust Financial by 138.8% in the first quarter. Whittier Trust Co. now owns 578 shares of the bank’s stock valued at $60,000 after purchasing an additional 336 shares during the period. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Company Profile

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.