Wintrust Financial (NASDAQ:WTFC) Rating Reiterated by Wedbush

Wintrust Financial (NASDAQ:WTFC - Get Free Report)'s stock had its "outperform" rating restated by Wedbush in a report issued on Tuesday, Benzinga reports. They presently have a $130.00 price target on the bank's stock. Wedbush's target price points to a potential upside of 13.28% from the stock's previous close.

Other research analysts have also recently issued reports about the stock. Stephens reaffirmed an "overweight" rating and issued a $115.00 target price on shares of Wintrust Financial in a report on Thursday, July 18th. Keefe, Bruyette & Woods downgraded Wintrust Financial from an "outperform" rating to a "market perform" rating and increased their target price for the company from $110.00 to $115.00 in a research note on Friday, July 19th. Jefferies Financial Group reduced their target price on Wintrust Financial from $118.00 to $116.00 and set a "buy" rating for the company in a report on Wednesday, July 3rd. Royal Bank of Canada increased their price objective on Wintrust Financial from $116.00 to $117.00 and gave the company an "outperform" rating in a research report on Tuesday, July 9th. Finally, DA Davidson lifted their price objective on Wintrust Financial from $120.00 to $125.00 and gave the stock a "buy" rating in a report on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Wintrust Financial currently has an average rating of "Moderate Buy" and a consensus price target of $118.23.

Wintrust Financial Stock Up 2.2 %

Shares of WTFC stock traded up $2.47 during trading hours on Tuesday, hitting $114.76. 704,185 shares of the company's stock traded hands, compared to its average volume of 383,802. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.85. The stock's fifty day simple moving average is $106.49 and its two-hundred day simple moving average is $101.97. Wintrust Financial has a 12-month low of $71.86 and a 12-month high of $117.77. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 11.87 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its earnings results on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.03). Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The company had revenue of $615.73 million during the quarter, compared to the consensus estimate of $623.45 million. During the same period last year, the firm posted $2.53 earnings per share. The company's revenue was up 7.1% compared to the same quarter last year. On average, analysts expect that Wintrust Financial will post 10.11 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its position in Wintrust Financial by 84.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the bank's stock valued at $533,000 after purchasing an additional 2,623 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of Wintrust Financial by 17.8% during the 1st quarter. Park Avenue Securities LLC now owns 6,620 shares of the bank's stock valued at $691,000 after acquiring an additional 998 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Wintrust Financial by 8.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,234 shares of the bank's stock valued at $651,000 after acquiring an additional 498 shares during the period. Oliver Luxxe Assets LLC increased its holdings in Wintrust Financial by 1.7% in the 1st quarter. Oliver Luxxe Assets LLC now owns 9,290 shares of the bank's stock worth $970,000 after acquiring an additional 157 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Wintrust Financial by 157.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 190,416 shares of the bank's stock worth $19,878,000 after acquiring an additional 116,503 shares during the period. Hedge funds and other institutional investors own 93.48% of the company's stock.

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.