Royal Bank of Canada set a $75.00 price target on Wintrust Financial (NASDAQ:WTFC) in a report published on Friday, TipRanks reports. The firm currently has a buy rating on the bank’s stock.
Other research analysts have also recently issued reports about the company. Piper Jaffray Companies set a $92.00 price target on Wintrust Financial and gave the company a buy rating in a research note on Monday, July 8th. BidaskClub cut Wintrust Financial from a hold rating to a sell rating in a research note on Friday, August 9th. ValuEngine upgraded Wintrust Financial from a sell rating to a hold rating in a research note on Wednesday, October 2nd. SunTrust Banks dropped their price target on Wintrust Financial from $77.00 to $76.00 and set a hold rating for the company in a research note on Thursday, October 3rd. Finally, Zacks Investment Research cut Wintrust Financial from a hold rating to a sell rating in a research note on Saturday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Wintrust Financial has an average rating of Hold and a consensus price target of $78.83.
Shares of WTFC opened at $64.63 on Friday. Wintrust Financial has a 52 week low of $59.34 and a 52 week high of $80.33. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 11.03 and a beta of 1.08. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.99 and a current ratio of 1.00. The stock has a fifty day moving average of $63.89 and a 200-day moving average of $69.11.
Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Wednesday, October 16th. The bank reported $1.69 EPS for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.07. Wintrust Financial had a return on equity of 10.65% and a net margin of 20.24%. The company had revenue of $380.00 million during the quarter, compared to analysts’ expectations of $374.98 million. During the same period in the prior year, the company earned $1.57 EPS. Wintrust Financial’s revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts forecast that Wintrust Financial will post 6.1 EPS for the current year.
A number of large investors have recently made changes to their positions in WTFC. Invesco Ltd. raised its position in Wintrust Financial by 89.2% during the 2nd quarter. Invesco Ltd. now owns 933,255 shares of the bank’s stock worth $68,277,000 after purchasing an additional 439,875 shares during the last quarter. FMR LLC raised its position in Wintrust Financial by 49.3% during the 1st quarter. FMR LLC now owns 988,775 shares of the bank’s stock worth $66,574,000 after purchasing an additional 326,602 shares during the last quarter. Nuveen Asset Management LLC raised its position in Wintrust Financial by 43.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 713,255 shares of the bank’s stock worth $52,181,000 after purchasing an additional 217,376 shares during the last quarter. Dana Investment Advisors Inc. grew its holdings in Wintrust Financial by 556.4% during the 2nd quarter. Dana Investment Advisors Inc. now owns 211,505 shares of the bank’s stock worth $15,474,000 after acquiring an additional 179,281 shares during the period. Finally, Monarch Partners Asset Management LLC grew its holdings in Wintrust Financial by 146.9% during the 2nd quarter. Monarch Partners Asset Management LLC now owns 165,645 shares of the bank’s stock worth $12,119,000 after acquiring an additional 98,550 shares during the period. 88.18% of the stock is owned by institutional investors and hedge funds.
About Wintrust Financial
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.
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