Wintrust Financial (NASDAQ:WTFC) Price Target Cut to $110.00

Wintrust Financial (NASDAQ:WTFCGet Rating) had its price objective lowered by equities research analysts at DA Davidson from $120.00 to $110.00 in a research report issued on Friday, The Fly reports. The brokerage currently has a “buy” rating on the bank’s stock. DA Davidson’s price objective points to a potential upside of 26.10% from the stock’s current price. DA Davidson also issued estimates for Wintrust Financial’s Q1 2023 earnings at $2.60 EPS and FY2023 earnings at $11.60 EPS.

Several other equities research analysts have also commented on the stock. StockNews.com lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 19th. Royal Bank of Canada raised their price target on shares of Wintrust Financial from $109.00 to $115.00 and gave the stock an “outperform” rating in a research note on Thursday, October 20th. Raymond James raised their price target on shares of Wintrust Financial from $111.00 to $118.00 and gave the stock a “strong-buy” rating in a research note on Thursday, October 20th. Wedbush raised their price target on shares of Wintrust Financial from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 19th. Finally, Stephens raised their price target on shares of Wintrust Financial from $107.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, October 20th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.78.

Wintrust Financial Trading Up 2.9 %

NASDAQ:WTFC opened at $87.23 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.99 and a current ratio of 1.00. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 0.48 and a beta of 1.19. Wintrust Financial has a 52 week low of $76.13 and a 52 week high of $105.56. The firm has a 50-day moving average price of $86.00 and a two-hundred day moving average price of $86.53.

Insider Transactions at Wintrust Financial

In other news, CFO David L. Stoehr sold 2,215 shares of Wintrust Financial stock in a transaction on Friday, November 4th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.41% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Wintrust Financial

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Wintrust Financial by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 5,928,458 shares of the bank’s stock worth $483,466,000 after purchasing an additional 109,995 shares during the period. FMR LLC raised its position in Wintrust Financial by 12.6% in the 2nd quarter. FMR LLC now owns 3,463,337 shares of the bank’s stock worth $277,586,000 after purchasing an additional 388,206 shares during the period. State Street Corp raised its position in Wintrust Financial by 8.7% in the 1st quarter. State Street Corp now owns 2,726,337 shares of the bank’s stock worth $253,358,000 after purchasing an additional 217,232 shares during the period. Victory Capital Management Inc. raised its position in Wintrust Financial by 11.3% in the 3rd quarter. Victory Capital Management Inc. now owns 2,355,969 shares of the bank’s stock worth $192,130,000 after purchasing an additional 239,747 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Wintrust Financial by 3.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,639,790 shares of the bank’s stock worth $131,429,000 after purchasing an additional 61,466 shares during the period. Hedge funds and other institutional investors own 89.47% of the company’s stock.

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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