Wintrust Financial (NASDAQ:WTFC) Price Target Cut to $75.00

Wintrust Financial (NASDAQ:WTFC) had its price objective decreased by Wedbush from $80.00 to $75.00 in a research note issued to investors on Wednesday, The Fly reports. The firm currently has an “outperform” rating on the bank’s stock. Wedbush’s price objective points to a potential upside of 15.43% from the stock’s current price.

A number of other equities research analysts have also recently commented on WTFC. Piper Sandler reissued a “neutral” rating and issued a $72.00 price objective on shares of Wintrust Financial in a research note on Tuesday, January 14th. UBS Group cut their target price on Wintrust Financial from $72.00 to $67.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. SunTrust Banks cut their target price on Wintrust Financial from $76.00 to $72.00 and set a “hold” rating on the stock in a research report on Monday, December 9th. ValuEngine raised Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Finally, DA Davidson reaffirmed a “buy” rating on shares of Wintrust Financial in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $76.50.

Shares of Wintrust Financial stock opened at $64.98 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.99 and a current ratio of 1.00. Wintrust Financial has a 52 week low of $59.34 and a 52 week high of $78.25. The stock has a 50 day moving average price of $69.58 and a two-hundred day moving average price of $66.81. The stock has a market capitalization of $3.94 billion, a PE ratio of 10.94 and a beta of 1.11.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $1.44 EPS for the quarter, missing the Zacks’ consensus estimate of $1.58 by ($0.14). Wintrust Financial had a net margin of 20.24% and a return on equity of 10.65%. The firm had revenue of $374.10 million during the quarter, compared to analyst estimates of $375.76 million. During the same period last year, the business posted $1.35 EPS. The company’s revenue was up 13.6% on a year-over-year basis. Research analysts forecast that Wintrust Financial will post 6.15 EPS for the current year.

In related news, Director Gary D. Sweeney bought 786 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were bought at an average price of $63.60 per share, with a total value of $49,989.60. Following the completion of the transaction, the director now directly owns 5,178 shares in the company, valued at $329,320.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.58% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA boosted its position in shares of Wintrust Financial by 14.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,312,894 shares of the bank’s stock valued at $149,482,000 after buying an additional 286,314 shares during the last quarter. State Street Corp boosted its position in Wintrust Financial by 5.2% in the third quarter. State Street Corp now owns 2,170,947 shares of the bank’s stock worth $140,308,000 after purchasing an additional 107,390 shares during the last quarter. Invesco Ltd. boosted its position in Wintrust Financial by 89.2% in the second quarter. Invesco Ltd. now owns 933,255 shares of the bank’s stock worth $68,277,000 after purchasing an additional 439,875 shares during the last quarter. Nuveen Asset Management LLC boosted its position in Wintrust Financial by 43.8% in the second quarter. Nuveen Asset Management LLC now owns 713,255 shares of the bank’s stock worth $52,181,000 after purchasing an additional 217,376 shares during the last quarter. Finally, Voya Investment Management LLC boosted its position in Wintrust Financial by 29.1% in the third quarter. Voya Investment Management LLC now owns 528,536 shares of the bank’s stock worth $34,160,000 after purchasing an additional 119,020 shares during the last quarter. 86.88% of the stock is currently owned by institutional investors.

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.

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