Wintrust Financial (NASDAQ:WTFC – Get Free Report) had its target price boosted by analysts at Raymond James from $125.00 to $135.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “strong-buy” rating on the bank’s stock. Raymond James’ target price indicates a potential upside of 18.24% from the company’s previous close.
WTFC has been the topic of a number of other reports. Truist Financial lifted their price target on shares of Wintrust Financial from $123.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday. Piper Sandler raised their price objective on Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday. DA Davidson boosted their target price on Wintrust Financial from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Jefferies Financial Group dropped their price target on Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Finally, Citigroup lifted their price objective on Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $123.00.
Get Our Latest Stock Report on WTFC
Wintrust Financial Trading Down 0.1 %
Wintrust Financial (NASDAQ:WTFC – Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates 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 16.52% and a return on equity of 11.99%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $2.53 EPS. On average, analysts predict that Wintrust Financial will post 10.11 EPS for the current year.
Institutional Investors Weigh In On Wintrust Financial
Several hedge funds have recently bought and sold shares of WTFC. Whittier Trust Co. of Nevada Inc. increased its position in Wintrust Financial by 11.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank’s stock worth $85,000 after buying an additional 91 shares during the last quarter. Shaker Investments LLC OH increased its holdings in shares of Wintrust Financial by 0.3% during the 3rd quarter. Shaker Investments LLC OH now owns 28,928 shares of the bank’s stock worth $3,140,000 after acquiring an additional 96 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake in Wintrust Financial by 1.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 10,304 shares of the bank’s stock valued at $1,016,000 after acquiring an additional 145 shares during the period. Inspire Investing LLC lifted its holdings in Wintrust Financial by 4.4% during the 2nd quarter. Inspire Investing LLC now owns 3,574 shares of the bank’s stock valued at $352,000 after purchasing an additional 151 shares during the last quarter. Finally, Oliver Luxxe Assets LLC boosted its position in Wintrust Financial by 1.7% during the first quarter. Oliver Luxxe Assets LLC now owns 9,290 shares of the bank’s stock worth $970,000 after purchasing an additional 157 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.
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.
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