Wintrust Financial (NASDAQ:WTFC) PT Raised to $130.00 at DA Davidson

Wintrust Financial (NASDAQ:WTFC - Get Free Report) had its price objective lifted by stock analysts at DA Davidson from $125.00 to $130.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the bank's stock. DA Davidson's target price points to a potential upside of 13.71% from the company's previous close.

Several other equities analysts have also recently issued reports on the company. Piper Sandler boosted their target price on Wintrust Financial from $131.00 to $136.00 and gave the stock an "overweight" rating in a research report on Wednesday. Jefferies Financial Group lowered their target price on shares of Wintrust Financial from $118.00 to $116.00 and set a "buy" rating for the company in a research note on Wednesday, July 3rd. Wedbush reiterated an "outperform" rating and set a $130.00 price objective on shares of Wintrust Financial in a report on Tuesday. Raymond James lifted their target price on Wintrust Financial from $125.00 to $135.00 and gave the company a "strong-buy" rating in a report on Wednesday. Finally, Royal Bank of Canada increased their price objective on shares of Wintrust Financial from $116.00 to $117.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 9th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Wintrust Financial has an average rating of "Moderate Buy" and a consensus target price of $123.00.

Wintrust Financial Stock Down 0.4 %

NASDAQ WTFC traded down $0.43 during trading hours on Wednesday, hitting $114.33. 517,754 shares of the company were exchanged, compared to its average volume of 384,474. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.85. Wintrust Financial has a 52-week low of $71.86 and a 52-week high of $117.77. The firm has a market cap of $7.06 billion, a price-to-earnings ratio of 11.77 and a beta of 1.16. The company has a 50 day moving average of $106.84 and a two-hundred day moving average of $102.07.

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 analysts' consensus estimates of $2.50 by ($0.03). The company had revenue of $615.73 million during the quarter, compared to analysts' expectations of $623.45 million. Wintrust Financial had a net margin of 17.02% and a return on equity of 12.71%. Wintrust Financial's revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $2.53 earnings per share. Equities research analysts anticipate that Wintrust Financial will post 10.11 earnings per share for the current year.

Institutional Trading of Wintrust Financial

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Wintrust Financial by 3.9% in the first quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank's stock valued at $673,603,000 after acquiring an additional 244,168 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Wintrust Financial by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank's stock valued at $297,376,000 after buying an additional 146,090 shares during the last quarter. Capital International Investors raised its position in Wintrust Financial by 4.6% in the 1st quarter. Capital International Investors now owns 1,638,085 shares of the bank's stock valued at $171,000,000 after buying an additional 72,082 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Wintrust Financial by 1.8% during the 2nd quarter. Federated Hermes Inc. now owns 815,466 shares of the bank's stock worth $80,372,000 after purchasing an additional 14,087 shares during the last quarter. Finally, Reinhart Partners LLC. increased its position in shares of Wintrust Financial by 6.4% during the 3rd quarter. Reinhart Partners LLC. now owns 781,393 shares of the bank's stock worth $84,805,000 after purchasing an additional 47,242 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors.

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.