Raymond James Lowers Wintrust Financial (NASDAQ:WTFC) Price Target to $110.00

Wintrust Financial (NASDAQ:WTFCGet Rating) had its target price cut by stock analysts at Raymond James from $118.00 to $110.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “strong-buy” rating on the bank’s stock. Raymond James’ price target points to a potential upside of 26.10% from the stock’s current price.

Several other research firms have also recently weighed in on WTFC. DA Davidson decreased their price target on Wintrust Financial from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Friday. Royal Bank of Canada lifted their price objective on Wintrust Financial from $109.00 to $115.00 and gave the stock an “outperform” rating in a report on Thursday, October 20th. StockNews.com lowered Wintrust Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 19th. Wedbush lifted their price objective on Wintrust Financial from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, October 19th. Finally, UBS Group lifted their price objective on Wintrust Financial to $100.00 in a report on Wednesday, November 16th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.78.

Wintrust Financial Stock Up 2.9 %

WTFC stock opened at $87.23 on Friday. Wintrust Financial has a 1-year low of $76.13 and a 1-year high of $105.56. The business has a fifty day moving average price of $86.00 and a 200-day moving average price of $86.53. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.00 and a quick ratio of 0.99. The stock has a market capitalization of $5.30 billion, a P/E ratio of 11.87, a P/E/G ratio of 0.48 and a beta of 1.19.

Insider Buying and Selling

In related news, CFO David L. Stoehr sold 2,215 shares of the firm’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $92.45, for a total transaction of $204,776.75. Following the completion of the sale, the chief financial officer now directly owns 11,266 shares of the company’s stock, valued at approximately $1,041,541.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.41% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Wintrust Financial

A number of institutional investors and hedge funds have recently modified their holdings of WTFC. Pinebridge Investments L.P. increased its holdings in Wintrust Financial by 307.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 407 shares of the bank’s stock worth $33,000 after purchasing an additional 307 shares during the period. Private Trust Co. NA increased its holdings in Wintrust Financial by 48.9% during the 3rd quarter. Private Trust Co. NA now owns 411 shares of the bank’s stock worth $34,000 after purchasing an additional 135 shares during the period. Parkside Financial Bank & Trust increased its holdings in Wintrust Financial by 37.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 464 shares of the bank’s stock worth $38,000 after purchasing an additional 126 shares during the period. Romano Brothers AND Company purchased a new position in Wintrust Financial during the 4th quarter worth $71,000. Finally, CoreCap Advisors LLC purchased a new position in Wintrust Financial during the 2nd quarter worth $76,000. 89.47% of the stock is owned by institutional investors.

Wintrust Financial Company Profile

(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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Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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