Truist Financial Raises Wintrust Financial (NASDAQ:WTFC) Price Target to $127.00

Wintrust Financial (NASDAQ:WTFC) had its price objective raised by Truist Financial from $123.00 to $127.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has a buy rating on the bank’s stock.

A number of other research analysts also recently commented on the stock. Keefe, Bruyette & Woods downgraded shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $110.00 to $115.00 in a research report on Friday, July 19th. Stephens reiterated an “overweight” rating and set a $115.00 price target on shares of Wintrust Financial in a report on Thursday, July 18th. Jefferies Financial Group dropped their price objective on Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Wedbush reiterated an “outperform” rating and set a $130.00 target price on shares of Wintrust Financial in a research note on Tuesday. Finally, Royal Bank of Canada increased their price target on Wintrust Financial from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Tuesday, July 9th. Three 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $123.00.

Wintrust Financial Stock Down 1.0 %

Shares of WTFC stock opened at $113.02 on Wednesday. The firm’s fifty day moving average price is $107.69 and its two-hundred day moving average price is $102.32. Wintrust Financial has a 1 year low of $72.14 and a 1 year high of $117.77. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $6.98 billion, a P/E ratio of 11.69 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The company had revenue of $615.73 million for the quarter, compared to the consensus estimate of $623.45 million. During the same quarter in the prior year, the company earned $2.53 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities analysts predict that Wintrust Financial will post 10.11 EPS for the current fiscal year.

Insider Buying and Selling at Wintrust Financial

In other news, CFO David L. Stoehr sold 1,607 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total transaction of $182,330.22. Following the transaction, the chief financial officer now directly owns 14,874 shares of the company’s stock, valued at approximately $1,687,604.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On Wintrust Financial

A number of hedge funds have recently added to or reduced their stakes in the stock. Voisard Asset Management Group Inc. acquired a new stake in shares of Wintrust Financial during the 3rd quarter worth $148,000. S.A. Mason LLC acquired a new stake in Wintrust Financial during the third quarter worth about $239,000. Nisa Investment Advisors LLC increased its holdings in Wintrust Financial by 1.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 28,490 shares of the bank’s stock valued at $3,092,000 after buying an additional 315 shares during the period. State of Alaska Department of Revenue raised its position in shares of Wintrust Financial by 16.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 7,718 shares of the bank’s stock valued at $837,000 after buying an additional 1,105 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Wintrust Financial by 5.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 18,400 shares of the bank’s stock worth $1,997,000 after acquiring an additional 900 shares during the period. Institutional investors own 93.48% of the company’s stock.

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.