Wintrust Financial (NASDAQ:WTFC) PT Raised to $135.00 at Raymond James

Wintrust Financial (NASDAQ:WTFC) had its price objective upped by Raymond James from $125.00 to $135.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a strong-buy rating on the bank’s stock.

A number of other equities analysts have also recently weighed in on WTFC. Truist Financial boosted their price target on Wintrust Financial from $123.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday. 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, July 19th. Keefe, Bruyette & Woods cut shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $110.00 to $115.00 in a research note on Friday, July 19th. Citigroup boosted their price objective on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Jefferies Financial Group decreased their target price 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wintrust Financial presently has an average rating of “Moderate Buy” and an average target price of $123.00.

Wintrust Financial Stock Performance

NASDAQ:WTFC opened at $113.02 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $6.98 billion, a P/E ratio of 11.69 and a beta of 1.16. The firm has a 50-day moving average price of $107.69 and a two-hundred day moving average price of $102.32. Wintrust Financial has a twelve month low of $72.14 and a twelve month high of $117.77.

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

Insider Buying and Selling

In other Wintrust Financial news, CFO David L. Stoehr sold 1,607 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $113.46, for a total transaction of $182,330.22. Following the completion of the sale, the chief financial officer now owns 14,874 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On Wintrust Financial

Several hedge funds and other institutional investors have recently modified their holdings of WTFC. Vanguard Group Inc. raised its holdings in Wintrust Financial by 3.9% in the first quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock valued at $673,603,000 after buying an additional 244,168 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Wintrust Financial by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank’s stock valued at $297,376,000 after acquiring an additional 146,090 shares during the period. Capital International Investors lifted its holdings 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 valued at $171,000,000 after acquiring an additional 72,082 shares in the last quarter. Federated Hermes Inc. boosted its position in Wintrust Financial by 1.8% during the 2nd quarter. Federated Hermes Inc. now owns 815,466 shares of the bank’s stock worth $80,372,000 after purchasing an additional 14,087 shares during the period. Finally, Reinhart Partners LLC. increased its holdings in Wintrust Financial by 6.4% in the 3rd quarter. Reinhart Partners LLC. now owns 781,393 shares of the bank’s stock valued at $84,805,000 after purchasing an additional 47,242 shares in the last quarter. 93.48% of the stock is 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.