Wintrust Financial (NASDAQ:WTFC) Stock Rating Reaffirmed by DA Davidson

DA Davidson reiterated their buy rating on shares of Wintrust Financial (NASDAQ:WTFC – Get Rating) in a research report sent to investors on Wednesday, PriceTargets.com reports. DA Davidson also issued estimates for Wintrust Financial’s Q3 2022 earnings at $2.19 EPS, Q3 2022 earnings at $2.19 EPS, FY2022 earnings at $7.70 EPS and FY2023 earnings at $10.45 EPS.

WTFC has been the topic of several other research reports. Truist Financial raised their price objective on Wintrust Financial to $100.00 in a report on Monday, July 25th. Jefferies Financial Group lowered their price target on Wintrust Financial from $109.00 to $96.00 in a report on Monday, July 11th. StockNews.com initiated coverage on Wintrust Financial in a report on Thursday, March 31st. They set a hold rating on the stock. UBS Group raised their price target on Wintrust Financial from $95.00 to $104.00 in a report on Thursday, April 21st. Finally, Wedbush raised their price target on Wintrust Financial from $100.00 to $105.00 and gave the stock an outperform rating in a report on Thursday, July 21st. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $103.38.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $86.04 on Wednesday. The stock’s 50-day moving average is $83.03 and its two-hundred day moving average is $90.27. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 0.64 and a beta of 1.28. Wintrust Financial has a 1 year low of $68.99 and a 1 year high of $105.56. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.96 and a current ratio of 0.97.

Wintrust Financial (NASDAQ:WTFC – Get Rating) last issued its quarterly earnings data on Wednesday, July 20th. The bank reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate 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 previous year, the business posted $1.70 EPS. Analysts predict that Wintrust Financial will post 7.97 earnings per share for the current year.

Institutional Investors Weigh In On Wintrust Financial

Hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Wintrust Financial by 23.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,070 shares of the bank’s stock valued at $642,000 after purchasing an additional 1,324 shares during the period. Keybank National Association OH acquired a new stake in shares of Wintrust Financial during the 4th quarter valued at approximately $1,001,000. CIBC Private Wealth Group LLC lifted its position in shares of Wintrust Financial by 3.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 6,576 shares of the bank’s stock valued at $597,000 after acquiring an additional 200 shares during the period. American Trust acquired a new stake in shares of Wintrust Financial during the 4th quarter valued at approximately $476,000. Finally, American Century Companies Inc. lifted its position in shares of Wintrust Financial by 6.9% during the 4th quarter. American Century Companies Inc. now owns 372,801 shares of the bank’s stock valued at $33,858,000 after acquiring an additional 24,023 shares during the period. Institutional investors and hedge funds own 89.71% of the company’s stock.

Wintrust Financial Company Profile

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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.