Wintrust Financial (NASDAQ:WTFC) Given New $107.00 Price Target at Truist Financial

Wintrust Financial (NASDAQ:WTFC) had its price objective lowered by Truist Financial from $112.00 to $107.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the bank’s stock. Truist Financial’s target price points to a potential upside of 8.49% from the company’s current price.

A number of other brokerages have also weighed in on WTFC. Citigroup reduced their price target on Wintrust Financial from $115.00 to $113.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Wedbush reissued an “outperform” rating and set a $116.00 price target on shares of Wintrust Financial in a research note on Thursday, April 18th. Jefferies Financial Group cut their target price 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. Hovde Group reaffirmed a “market perform” rating and issued a $100.00 target price on shares of Wintrust Financial in a research report on Friday, June 21st. Finally, Royal Bank of Canada increased their target price on Wintrust Financial from $109.00 to $116.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.77.

Wintrust Financial Trading Up 2.2 %

Shares of Wintrust Financial stock opened at $98.63 on Monday. Wintrust Financial has a fifty-two week low of $71.86 and a fifty-two week high of $105.29. The firm has a market cap of $6.09 billion, a PE ratio of 10.20 and a beta of 1.18. The business’s fifty day moving average is $97.56 and its two-hundred day moving average is $97.14. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.78.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.47. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. The company had revenue of $604.77 million for the quarter, compared to analyst estimates of $577.80 million. During the same quarter in the prior year, the company posted $2.80 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts anticipate that Wintrust Financial will post 10.11 earnings per share for the current year.

Institutional Trading of Wintrust Financial

Several large investors have recently added to or reduced their stakes in WTFC. Allspring Global Investments Holdings LLC grew its stake in shares of Wintrust Financial by 2,131.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 73,913 shares of the bank’s stock valued at $6,855,000 after acquiring an additional 70,601 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of Wintrust Financial by 5.9% during the fourth quarter. Clearbridge Investments LLC now owns 258,610 shares of the bank’s stock valued at $23,986,000 after acquiring an additional 14,409 shares in the last quarter. Frontier Capital Management Co. LLC grew its stake in shares of Wintrust Financial by 13.8% during the fourth quarter. Frontier Capital Management Co. LLC now owns 538,489 shares of the bank’s stock valued at $49,945,000 after acquiring an additional 65,179 shares in the last quarter. Access Investment Management LLC acquired a new stake in shares of Wintrust Financial during the fourth quarter valued at about $1,624,000. Finally, Alberta Investment Management Corp grew its stake in shares of Wintrust Financial by 61.0% during the fourth quarter. Alberta Investment Management Corp now owns 32,113 shares of the bank’s stock valued at $2,978,000 after acquiring an additional 12,165 shares in the last quarter. 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.