Wintrust Financial (NASDAQ:WTFC) Stock Price Expected to Rise, DA Davidson Analyst Says

Wintrust Financial (NASDAQ:WTFC) had its price objective hoisted by analysts at DA Davidson from $165.00 to $172.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the bank’s stock. DA Davidson’s price objective would indicate a potential upside of 11.04% from the stock’s current price.

A number of other research analysts have also recently weighed in on the company. Truist Financial raised their price target on Wintrust Financial from $151.00 to $158.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Barclays reissued an “overweight” rating and issued a $185.00 price objective on shares of Wintrust Financial in a research note on Thursday. TD Cowen restated a “buy” rating on shares of Wintrust Financial in a research report on Wednesday, January 7th. Citigroup reiterated a “buy” rating on shares of Wintrust Financial in a research report on Thursday. Finally, Piper Sandler raised their price objective on shares of Wintrust Financial from $161.00 to $184.00 and gave the stock an “overweight” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Wintrust Financial has a consensus rating of “Moderate Buy” and a consensus price target of $161.92.

Wintrust Financial Price Performance

Shares of WTFC stock traded up $3.36 during midday trading on Thursday, reaching $154.90. 127,576 shares of the company traded hands, compared to its average volume of 428,452. The firm’s 50 day simple moving average is $139.44 and its two-hundred day simple moving average is $134.05. Wintrust Financial has a 1-year low of $89.10 and a 1-year high of $155.99. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $10.37 billion, a PE ratio of 13.61 and a beta of 0.88.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Tuesday, January 20th. The bank reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. The business had revenue of $586.67 million for the quarter, compared to analysts’ expectations of $700.85 million. Wintrust Financial had a return on equity of 13.17% and a net margin of 19.48%.During the same quarter in the prior year, the firm posted $2.63 EPS. On average, equities research analysts expect that Wintrust Financial will post 10.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Wintrust Financial

A number of institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in shares of Wintrust Financial by 4.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 200,710 shares of the bank’s stock worth $26,413,000 after purchasing an additional 8,758 shares during the last quarter. REAP Financial Group LLC raised its stake in Wintrust Financial by 196.0% during the second quarter. REAP Financial Group LLC now owns 296 shares of the bank’s stock valued at $37,000 after buying an additional 196 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in Wintrust Financial by 12.1% during the second quarter. Westwood Holdings Group Inc. now owns 225,183 shares of the bank’s stock valued at $27,918,000 after buying an additional 24,305 shares in the last quarter. Norges Bank bought a new position in Wintrust Financial during the 2nd quarter worth approximately $87,418,000. Finally, Albert D Mason Inc. grew its position in shares of Wintrust Financial by 241.7% in the 3rd quarter. Albert D Mason Inc. now owns 14,609 shares of the bank’s stock worth $1,935,000 after acquiring an additional 10,333 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

About Wintrust Financial

Wintrust Financial Corporation is a Chicago?area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid?size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.