Wintrust Financial (NASDAQ:WTFC) PT Raised to $123.00 at Truist Financial

Wintrust Financial (NASDAQ:WTFC) had its price objective lifted by equities researchers at Truist Financial from $118.00 to $123.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the bank’s stock. Truist Financial’s price target would indicate a potential upside of 13.62% from the company’s current price.

Several other brokerages have also weighed in on WTFC. Keefe, Bruyette & Woods lowered Wintrust Financial from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $110.00 to $115.00 in a report on Friday, July 19th. Hovde Group reissued a “market perform” rating and set a $100.00 price target on shares of Wintrust Financial in a research report on Friday, June 21st. Piper Sandler lifted their price objective on shares of Wintrust Financial from $113.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Stephens reissued an “overweight” rating and set a $115.00 target price on shares of Wintrust Financial in a report on Thursday, July 18th. Finally, Jefferies Financial Group reduced their price target on shares of Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Wintrust Financial presently has an average rating of “Moderate Buy” and a consensus price target of $118.23.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $108.26 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $6.69 billion, a price-to-earnings ratio of 11.20 and a beta of 1.16. Wintrust Financial has a one year low of $71.86 and a one year high of $113.68. The company has a 50 day moving average price of $104.83 and a 200 day moving average price of $100.60.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Wednesday, July 17th. The bank reported $2.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.42 by ($0.10). The business had revenue of $591.76 million for the quarter, compared to analysts’ expectations of $587.33 million. Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. Wintrust Financial’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.38 earnings per share. Sell-side analysts anticipate that Wintrust Financial will post 10.11 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Concord Wealth Partners acquired a new position in shares of Wintrust Financial in the first quarter valued at approximately $26,000. Opal Wealth Advisors LLC bought a new position in Wintrust Financial during the 1st quarter worth about $27,000. Johnson Financial Group Inc. bought a new position in Wintrust Financial during the 4th quarter worth about $25,000. Versant Capital Management Inc raised its stake in shares of Wintrust Financial by 825.0% in the 2nd quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock valued at $29,000 after purchasing an additional 264 shares during the period. Finally, DHJJ Financial Advisors Ltd. boosted its position in shares of Wintrust Financial by 70.0% during the first quarter. DHJJ Financial Advisors Ltd. now owns 488 shares of the bank’s stock worth $51,000 after buying an additional 201 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

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.