Citigroup Boosts Wintrust Financial (NASDAQ:WTFC) Price Target to $135.00

Wintrust Financial (NASDAQ:WTFC) had its target price increased by stock analysts at Citigroup from $126.00 to $135.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the bank’s stock. Citigroup’s price target would suggest a potential upside of 17.64% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Stephens restated an “overweight” rating and set a $115.00 target price on shares of Wintrust Financial in a report on Thursday, July 18th. Piper Sandler raised their target price on shares of Wintrust Financial from $113.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Truist Financial raised their target price on shares of Wintrust Financial from $118.00 to $123.00 and gave the company a “buy” rating in a report on Friday, September 20th. Wedbush restated an “outperform” rating and set a $130.00 target price on shares of Wintrust Financial in a report on Tuesday. Finally, DA Davidson lifted their price target on shares of Wintrust Financial from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, July 19th. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $121.08.

Wintrust Financial Stock Up 2.2 %

WTFC stock opened at $114.76 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 0.99. Wintrust Financial has a one year low of $71.86 and a one year high of $117.77. The company has a fifty day moving average of $106.84 and a 200-day moving average of $102.07. The stock has a market capitalization of $7.09 billion, a PE ratio of 11.87 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.03). Wintrust Financial had a net margin of 17.02% and a return on equity of 12.71%. The company had revenue of $615.73 million during the quarter, compared to analyst estimates of $623.45 million. During the same quarter last year, the business earned $2.53 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, analysts expect that Wintrust Financial will post 10.11 EPS for the current year.

Institutional Investors Weigh In On Wintrust Financial

Institutional investors have recently bought and sold shares of the stock. Concord Wealth Partners purchased a new stake in Wintrust Financial in the first quarter valued at approximately $26,000. Versant Capital Management Inc grew its holdings in Wintrust Financial by 825.0% in the second 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. International Assets Investment Management LLC purchased a new stake in Wintrust Financial in the third quarter valued at approximately $35,000. UMB Bank n.a. grew its holdings in Wintrust Financial by 62.0% in the third quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after purchasing an additional 196 shares during the period. Finally, Whittier Trust Co. grew its holdings in Wintrust Financial by 138.8% in the first quarter. Whittier Trust Co. now owns 578 shares of the bank’s stock valued at $60,000 after purchasing an additional 336 shares during the period. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

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.