Truist Financial Increases Wintrust Financial (NASDAQ:WTFC) Price Target to $127.00

Wintrust Financial (NASDAQ:WTFC) had its target price upped by equities research analysts at Truist Financial from $123.00 to $127.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the bank’s stock. Truist Financial’s target price would suggest a potential upside of 11.24% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Citigroup upped their target price on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday. DA Davidson upped 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. Stephens restated an “overweight” rating and issued a $115.00 target price on shares of Wintrust Financial in a research note on Thursday, July 18th. Wedbush restated an “outperform” rating and issued a $130.00 target price on shares of Wintrust Financial in a research note on Tuesday. Finally, Royal Bank of Canada boosted 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. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.00.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $114.17 on Wednesday. Wintrust Financial has a 12 month low of $71.86 and a 12 month high of $117.77. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 0.99. The firm has a market capitalization of $7.59 billion, a P/E ratio of 11.95 and a beta of 1.16. The company’s fifty day moving average price is $107.44 and its two-hundred day moving average price is $102.24.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). The firm had revenue of $615.73 million during 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%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.53 EPS. On average, research analysts anticipate that Wintrust Financial will post 10.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its position in Wintrust Financial by 1.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 28,490 shares of the bank’s stock worth $3,092,000 after purchasing an additional 315 shares during the last quarter. State of Alaska Department of Revenue grew its position in Wintrust Financial by 16.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 7,718 shares of the bank’s stock worth $837,000 after purchasing an additional 1,105 shares during the last quarter. Louisiana State Employees Retirement System grew its position in Wintrust Financial by 5.1% in the 3rd quarter. Louisiana State Employees Retirement System now owns 18,400 shares of the bank’s stock worth $1,997,000 after purchasing an additional 900 shares during the last quarter. West Michigan Advisors LLC bought a new position in Wintrust Financial in the 3rd quarter worth about $247,000. Finally, International Assets Investment Management LLC bought a new position in shares of Wintrust Financial in the third quarter valued at approximately $35,000. Institutional investors 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.