Piper Jaffray Companies Reiterates $92.00 Price Target for Wintrust Financial (NASDAQ:WTFC)

Piper Jaffray Companies set a $92.00 price target on Wintrust Financial (NASDAQ:WTFC) in a report published on Monday, Stock Target Advisor reports. The firm currently has a buy rating on the bank’s stock. Piper Jaffray Companies also issued estimates for Wintrust Financial’s Q2 2019 earnings at $1.69 EPS, Q3 2019 earnings at $1.75 EPS, Q4 2019 earnings at $1.78 EPS, FY2019 earnings at $6.74 EPS, Q1 2020 earnings at $1.65 EPS, Q2 2020 earnings at $1.77 EPS, Q3 2020 earnings at $1.82 EPS, Q4 2020 earnings at $1.86 EPS and FY2020 earnings at $7.10 EPS.

WTFC has been the topic of several other research reports. BidaskClub lowered shares of Xilinx from a buy rating to a hold rating in a research note on Saturday, June 15th. Jefferies Financial Group raised their price target on shares of T. Rowe Price Group from $103.00 to $119.00 and gave the company a buy rating in a research note on Monday, April 1st. Wedbush reiterated a hold rating and set a $9.00 price objective on shares of Glu Mobile in a research note on Tuesday, May 7th. Finally, Zacks Investment Research upgraded shares of SCHNEIDER ELEC /ADR from a hold rating to a buy rating and set a $20.00 price objective on the stock in a research note on Friday, July 5th. Three analysts have rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Wintrust Financial currently has a consensus rating of Hold and an average price target of $92.00.

Shares of NASDAQ:WTFC traded up $0.40 during trading hours on Monday, hitting $71.17. The stock had a trading volume of 826,100 shares, compared to its average volume of 414,320. The firm has a fifty day moving average price of $71.64. Wintrust Financial has a 1-year low of $61.53 and a 1-year high of $92.56. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 0.82 and a beta of 1.04. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.99 and a quick ratio of 0.98.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Monday, April 15th. The bank reported $1.52 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.01). Wintrust Financial had a net margin of 21.95% and a return on equity of 11.28%. The firm had revenue of $343.64 million during the quarter, compared to analyst estimates of $345.03 million. During the same quarter in the previous year, the business posted $1.40 EPS. Wintrust Financial’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Wintrust Financial will post 6.6 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of WTFC. State Board of Administration of Florida Retirement System boosted its holdings in Wintrust Financial by 0.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 49,502 shares of the bank’s stock worth $3,333,000 after buying an additional 130 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in Wintrust Financial by 2.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 8,202 shares of the bank’s stock worth $545,000 after buying an additional 182 shares in the last quarter. Private Vista LLC boosted its holdings in Wintrust Financial by 5.6% during the first quarter. Private Vista LLC now owns 5,374 shares of the bank’s stock worth $361,000 after buying an additional 287 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Wintrust Financial by 7.1% during the first quarter. Crossmark Global Holdings Inc. now owns 5,266 shares of the bank’s stock worth $355,000 after buying an additional 350 shares in the last quarter. Finally, American International Group Inc. boosted its holdings in Wintrust Financial by 0.3% during the fourth quarter. American International Group Inc. now owns 114,933 shares of the bank’s stock worth $7,642,000 after buying an additional 364 shares in the last quarter. Institutional investors and hedge funds own 88.91% of the company’s stock.

About Wintrust Financial

Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.

Recommended Story: What is Compound Annual Growth Rate (CAGR)?

Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

Receive News & Ratings for Wintrust Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial and related companies with MarketBeat.com's FREE daily email newsletter.