Wintrust Financial (NASDAQ:WTFC) Given New $71.00 Price Target at Wedbush

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Wintrust Financial (NASDAQ:WTFC) had its target price decreased by investment analysts at Wedbush from $74.00 to $71.00 in a research report issued on Thursday, October 17th, BenzingaRatingsTable reports. The brokerage currently has an “outperform” rating on the bank’s stock. Wedbush’s target price indicates a potential upside of 5.39% from the stock’s previous close.

WTFC has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Wintrust Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 18th. BidaskClub cut shares of Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. ValuEngine upgraded shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Piper Jaffray Companies set a $92.00 target price on shares of Wintrust Financial and gave the stock a “buy” rating in a research report on Monday, July 8th. Finally, SunTrust Banks lowered their price objective on shares of Wintrust Financial from $77.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $77.14.

WTFC stock traded down $0.85 during trading on Thursday, reaching $67.37. The stock had a trading volume of 343,900 shares, compared to its average volume of 430,223. The firm has a fifty day moving average price of $64.64 and a 200 day moving average price of $68.34. The company has a market capitalization of $3.90 billion, a P/E ratio of 11.50 and a beta of 1.07. Wintrust Financial has a 1-year low of $59.34 and a 1-year high of $79.63. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.49.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Wednesday, October 16th. The bank reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.07. The company had revenue of $380.00 million during the quarter, compared to the consensus estimate of $374.98 million. Wintrust Financial had a net margin of 20.24% and a return on equity of 10.65%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $1.57 EPS. Sell-side analysts predict that Wintrust Financial will post 6.16 EPS for the current year.

In other Wintrust Financial news, Director Gary D. Sweeney purchased 786 shares of the stock in a transaction dated Thursday, October 31st. The stock was bought at an average price of $63.60 per share, for a total transaction of $49,989.60. Following the transaction, the director now directly owns 5,178 shares in the company, valued at $329,320.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.58% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA lifted its holdings in shares of Wintrust Financial by 14.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,312,894 shares of the bank’s stock worth $149,482,000 after acquiring an additional 286,314 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Wintrust Financial by 19.7% in the third quarter. First Trust Advisors LP now owns 155,168 shares of the bank’s stock worth $10,029,000 after acquiring an additional 25,547 shares during the last quarter. BB&T Corp bought a new position in shares of Wintrust Financial in the third quarter worth about $254,000. California Public Employees Retirement System increased its stake in shares of Wintrust Financial by 40.1% in the third quarter. California Public Employees Retirement System now owns 150,147 shares of the bank’s stock valued at $9,704,000 after buying an additional 42,982 shares during the period. Finally, Dupont Capital Management Corp increased its stake in shares of Wintrust Financial by 18.2% in the third quarter. Dupont Capital Management Corp now owns 6,517 shares of the bank’s stock valued at $421,000 after buying an additional 1,005 shares during the period. 88.15% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Company Profile

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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Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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