Wintrust Financial Co. (NASDAQ:WTFC - Free Report) - Equities research analysts at DA Davidson issued their Q4 2024 earnings per share estimates for shares of Wintrust Financial in a research note issued on Wednesday, October 23rd. DA Davidson analyst J. Rulis anticipates that the bank will earn $2.62 per share for the quarter. DA Davidson currently has a "Buy" rating and a $130.00 price target on the stock. The consensus estimate for Wintrust Financial's current full-year earnings is $10.11 per share.
Other equities analysts have also issued research reports about the company. Royal Bank of Canada boosted their target price on Wintrust Financial from $116.00 to $117.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 9th. Stephens reaffirmed an "overweight" rating and issued a $115.00 target price on shares of Wintrust Financial in a research report on Thursday, July 18th. Wedbush reissued an "outperform" rating and set a $130.00 price target on shares of Wintrust Financial in a report on Tuesday. Piper Sandler lifted their price objective on Wintrust Financial from $131.00 to $136.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Citigroup upped their price objective on Wintrust Financial from $126.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $123.00.
View Our Latest Research Report on Wintrust Financial
Wintrust Financial Stock Down 0.1 %
Shares of WTFC stock traded down $0.16 during mid-day trading on Thursday, hitting $114.17. The company's stock had a trading volume of 365,590 shares, compared to its average volume of 384,382. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.99 and a current ratio of 1.02. Wintrust Financial has a 52-week low of $71.86 and a 52-week high of $117.77. The stock has a market cap of $7.59 billion, a price-to-earnings ratio of 11.97 and a beta of 1.16. The business has a 50-day moving average price of $107.17 and a 200 day moving average price of $102.16.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly 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). Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The firm had revenue of $615.73 million for the quarter, compared to the consensus estimate of $623.45 million. During the same period last year, the business earned $2.53 EPS. Wintrust Financial's revenue was up 7.1% on a year-over-year basis.
Institutional Investors Weigh In On Wintrust Financial
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its position in shares of Wintrust Financial by 16.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 7,718 shares of the bank's stock valued at $837,000 after purchasing an additional 1,105 shares during the period. Louisiana State Employees Retirement System increased its stake 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 buying an additional 900 shares in the last quarter. West Michigan Advisors LLC bought a new stake in Wintrust Financial during the third quarter valued at about $247,000. International Assets Investment Management LLC purchased a new position in shares of Wintrust Financial in the third quarter valued at about $35,000. Finally, DHJJ Financial Advisors Ltd. boosted its stake in shares of Wintrust Financial by 111.7% in the third quarter. DHJJ Financial Advisors Ltd. now owns 1,033 shares of the bank's stock worth $112,000 after acquiring an additional 545 shares during the period. Institutional investors own 93.48% of the company's stock.
About Wintrust Financial
(
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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.
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