Wintrust Financial (NASDAQ:WTFC) PT Raised to $107.00

Wintrust Financial (NASDAQ:WTFCGet Rating) had its target price upped by equities researchers at Piper Sandler to $107.00 in a report issued on Friday, Stock Target Advisor reports. Piper Sandler’s target price would indicate a potential upside of 24.75% from the stock’s current price.

A number of other analysts also recently issued reports on WTFC. Jefferies Financial Group lowered their price target on Wintrust Financial from $109.00 to $96.00 in a research report on Monday, July 11th. Truist Financial decreased their target price on Wintrust Financial from $125.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, July 6th. Wedbush lifted their target price on Wintrust Financial from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday. UBS Group lifted their target price on Wintrust Financial from $95.00 to $104.00 in a research report on Thursday, April 21st. Finally, StockNews.com started coverage on Wintrust Financial in a research report on Thursday, March 31st. They set a “hold” rating for the company. One investment 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 company’s stock. Based on data from MarketBeat.com, Wintrust Financial has an average rating of “Buy” and a consensus price target of $103.38.

Wintrust Financial Stock Down 0.3 %

Shares of WTFC opened at $85.77 on Friday. The company has a market cap of $5.21 billion, a PE ratio of 12.41, a P/E/G ratio of 0.65 and a beta of 1.28. The business has a fifty day moving average of $82.77 and a 200 day moving average of $90.58. Wintrust Financial has a 52-week low of $68.99 and a 52-week high of $105.56. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 0.54.

Wintrust Financial (NASDAQ:WTFCGet Rating) last issued its quarterly earnings results on Wednesday, July 20th. The bank reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.21). Wintrust Financial had a return on equity of 10.43% and a net margin of 22.78%. During the same period in the prior year, the company earned $1.70 earnings per share. On average, sell-side analysts expect that Wintrust Financial will post 7.76 EPS for the current year.

Insider Activity

In related news, Director H Patrick Hackett, Jr. bought 5,000 shares of the business’s stock in a transaction on Tuesday, April 26th. The shares were bought at an average price of $91.23 per share, for a total transaction of $456,150.00. Following the completion of the purchase, the director now directly owns 40,037 shares of the company’s stock, valued at $3,652,575.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.41% of the company’s stock.

Hedge Funds Weigh In On Wintrust Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UMB Bank N A MO purchased a new stake in shares of Wintrust Financial during the fourth quarter worth about $30,000. Quadrant Capital Group LLC grew its stake in shares of Wintrust Financial by 31.8% during the first quarter. Quadrant Capital Group LLC now owns 730 shares of the bank’s stock worth $68,000 after acquiring an additional 176 shares during the last quarter. Trust Co. of Vermont purchased a new stake in shares of Wintrust Financial during the second quarter worth about $80,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of Wintrust Financial by 949.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,060 shares of the bank’s stock worth $96,000 after acquiring an additional 959 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of Wintrust Financial by 9.6% during the fourth quarter. Signaturefd LLC now owns 2,014 shares of the bank’s stock worth $183,000 after acquiring an additional 176 shares during the last quarter. Hedge funds and other 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.

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