Wintrust Financial (NASDAQ:WTFC) PT Raised to $136.00 at Piper Sandler

Wintrust Financial (NASDAQ:WTFC) had its price objective boosted by Piper Sandler from $131.00 to $136.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the bank’s stock. Piper Sandler’s price objective points to a potential upside of 19.12% from the stock’s current price.

WTFC has been the topic of a number of other reports. Truist Financial raised their target price on shares of Wintrust Financial from $123.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Financial Group lowered their price objective 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. 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 report on Wednesday. Stephens reissued an “overweight” rating and set a $115.00 price target on shares of Wintrust Financial in a report on Thursday, July 18th. Finally, Royal Bank of Canada boosted their price target on Wintrust Financial from $116.00 to $117.00 and gave the company an “outperform” rating in a research report on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $123.00.

Wintrust Financial Price Performance

Shares of WTFC opened at $114.17 on Wednesday. The firm has a fifty day moving average price of $107.44 and a 200 day moving average price of $102.24. The stock has a market cap of $7.59 billion, a PE ratio of 11.95 and a beta of 1.16. Wintrust Financial has a 1-year low of $71.86 and a 1-year 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.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results 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 firm had revenue of $615.73 million during the quarter, compared to analysts’ expectations of $623.45 million. Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.53 earnings per share. As a group, sell-side analysts anticipate that Wintrust Financial will post 10.11 EPS for the current year.

Institutional Investors Weigh In On Wintrust Financial

Several institutional investors have recently made changes to their positions in the stock. Concord Wealth Partners acquired a new stake in shares of Wintrust Financial in the first quarter valued at about $26,000. Versant Capital Management Inc boosted its stake in shares of Wintrust Financial by 825.0% during the 2nd quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock worth $29,000 after acquiring an additional 264 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Wintrust Financial in the 3rd quarter worth approximately $35,000. UMB Bank n.a. increased its stake in Wintrust Financial by 62.0% in the 3rd quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after purchasing an additional 196 shares in the last quarter. Finally, Whittier Trust Co. raised its holdings in Wintrust Financial by 138.8% during the first quarter. Whittier Trust Co. now owns 578 shares of the bank’s stock worth $60,000 after purchasing an additional 336 shares during the last quarter. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Wintrust Financial Company Profile

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.