Wintrust Financial (NASDAQ:WTFC) Price Target Raised to $130.00

Wintrust Financial (NASDAQ:WTFC) had its price target boosted by DA Davidson from $125.00 to $130.00 in a report issued on Wednesday morning, Benzinga reports. DA Davidson currently has a buy rating on the bank’s stock. DA Davidson also issued estimates for Wintrust Financial’s Q4 2024 earnings at $2.62 EPS and FY2024 earnings at $10.15 EPS.

Other equities analysts have also recently issued reports about the stock. Raymond James upped their target price on shares of Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a research note on Wednesday. Royal Bank of Canada upped their price objective on shares of Wintrust Financial from $116.00 to $117.00 and gave the company an “outperform” rating in a research report on Tuesday, July 9th. Truist Financial boosted their price target on Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday. Stephens reiterated an “overweight” rating and issued a $115.00 price objective on shares of Wintrust Financial in a research report on Thursday, July 18th. Finally, Citigroup boosted their price objective on Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.00.

Wintrust Financial Stock Performance

Shares of WTFC opened at $113.02 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 0.99. Wintrust Financial has a one year low of $72.14 and a one year high of $117.77. The company’s fifty day moving average price is $107.69 and its 200 day moving average price is $102.32. The company has a market capitalization of $6.98 billion, a PE ratio of 11.69 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing the consensus estimate of $2.50 by ($0.03). The business had revenue of $615.73 million for the quarter, compared to analyst estimates of $623.45 million. Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. Wintrust Financial’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.53 EPS. As a group, analysts expect that Wintrust Financial will post 10.11 earnings per share for the current year.

Insider Activity at Wintrust Financial

In other news, CFO David L. Stoehr sold 1,607 shares of Wintrust Financial stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total value of $182,330.22. Following the completion of the transaction, the chief financial officer now owns 14,874 shares in the company, valued at approximately $1,687,604.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.47% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Concord Wealth Partners acquired a new stake in Wintrust Financial in the 1st quarter valued at about $26,000. Versant Capital Management Inc increased its holdings in shares of 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 in the last quarter. International Assets Investment Management LLC bought a new position in Wintrust Financial in the 3rd quarter worth approximately $35,000. UMB Bank n.a. lifted its holdings in Wintrust Financial by 62.0% during the 3rd quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock worth $56,000 after buying an additional 196 shares in the last quarter. Finally, Whittier Trust Co. boosted its position in Wintrust Financial by 138.8% in the 1st quarter. Whittier Trust Co. now owns 578 shares of the bank’s stock valued at $60,000 after buying an additional 336 shares during the last quarter. 93.48% of the stock is owned by 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.