Truist Financial Lowers Wintrust Financial (NASDAQ:WTFC) Price Target to $107.00

Wintrust Financial (NASDAQ:WTFC) had its price objective cut by stock analysts at Truist Financial from $112.00 to $107.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the bank’s stock. Truist Financial’s target price points to a potential upside of 8.49% from the company’s current price.

A number of other research analysts also recently weighed in on WTFC. Royal Bank of Canada increased their target price on Wintrust Financial from $109.00 to $116.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. StockNews.com raised Wintrust Financial from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. Hovde Group reissued a “market perform” rating and issued a $100.00 target price on shares of Wintrust Financial in a report on Friday, June 21st. Citigroup lowered their target price on Wintrust Financial from $115.00 to $113.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Finally, Stephens reissued an “overweight” rating and issued a $110.00 target price on shares of Wintrust Financial in a report on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $110.77.

Wintrust Financial Trading Up 2.2 %

Wintrust Financial stock opened at $98.63 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.98 and a quick ratio of 0.97. Wintrust Financial has a one year low of $71.86 and a one year high of $105.29. The stock has a market capitalization of $6.09 billion, a PE ratio of 10.20 and a beta of 1.18. The business’s fifty day moving average is $97.56 and its 200 day moving average is $97.14.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 EPS for the quarter, beating the consensus estimate of $2.42 by $0.47. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. The company had revenue of $604.77 million for the quarter, compared to analysts’ expectations of $577.80 million. During the same period last year, the firm posted $2.80 earnings per share. Wintrust Financial’s revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts predict that Wintrust Financial will post 10.11 EPS for the current year.

Institutional Trading of Wintrust Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Johnson Financial Group Inc. purchased a new position in Wintrust Financial during the 4th quarter valued at approximately $25,000. Concord Wealth Partners purchased a new position in Wintrust Financial during the 1st quarter valued at approximately $26,000. Opal Wealth Advisors LLC purchased a new position in Wintrust Financial during the 1st quarter valued at approximately $27,000. Versant Capital Management Inc grew its holdings in Wintrust Financial by 825.0% during the 2nd quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock valued at $29,000 after buying an additional 264 shares in the last quarter. Finally, Quent Capital LLC grew its holdings in Wintrust Financial by 120.8% during the 4th quarter. Quent Capital LLC now owns 351 shares of the bank’s stock valued at $33,000 after buying an additional 192 shares in the last quarter. 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.