Wintrust Financial (NASDAQ:WTFC) Price Target Raised to $118.00 at Truist Financial

Wintrust Financial (NASDAQ:WTFC) had its target price lifted by analysts at Truist Financial from $107.00 to $118.00 in a report released on Monday, Benzinga reports. The firm currently has a “buy” rating on the bank’s stock. Truist Financial’s price target would suggest a potential upside of 10.55% from the company’s current price.

WTFC has been the subject of several other research reports. Wedbush boosted their target price on shares of Wintrust Financial from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday. Stephens reissued an “overweight” rating and issued a $115.00 target price on shares of Wintrust Financial in a research note on Thursday. Piper Sandler boosted their target price on shares of Wintrust Financial from $113.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday. DA Davidson boosted their target price on shares of Wintrust Financial from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday. Finally, StockNews.com raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $117.85.

Wintrust Financial Price Performance

Shares of NASDAQ WTFC traded up $1.72 during trading on Monday, hitting $106.74. 140,045 shares of the company were exchanged, compared to its average volume of 377,345. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 11.01 and a beta of 1.18. Wintrust Financial has a 1 year low of $71.86 and a 1 year high of $113.68. The firm’s fifty day moving average price is $98.47 and its 200 day moving average price is $97.88. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.99 and a quick ratio of 0.97.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Wednesday, July 17th. The bank reported $2.32 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.10). Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The business had revenue of $591.76 million during the quarter, compared to analysts’ expectations of $587.33 million. During the same quarter in the prior year, the firm earned $2.38 earnings per share. Wintrust Financial’s quarterly revenue was up 5.6% on a year-over-year basis. On average, sell-side analysts expect that Wintrust Financial will post 10.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Wintrust Financial

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Wintrust Financial by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock worth $673,603,000 after acquiring an additional 244,168 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Wintrust Financial by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,866,032 shares of the bank’s stock worth $265,829,000 after purchasing an additional 80,526 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Wintrust Financial by 4.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,843,679 shares of the bank’s stock worth $171,001,000 after purchasing an additional 79,672 shares in the last quarter. Capital International Investors raised its stake in shares of Wintrust Financial by 4.6% during the 1st quarter. Capital International Investors now owns 1,638,085 shares of the bank’s stock worth $171,000,000 after purchasing an additional 72,082 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Wintrust Financial by 54.6% during the 1st quarter. Principal Financial Group Inc. now owns 1,330,263 shares of the bank’s stock worth $138,866,000 after purchasing an additional 469,640 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

About Wintrust Financial

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.