Wintrust Financial (NASDAQ:WTFC) Announces Earnings Results

Wintrust Financial (NASDAQ:WTFC - Get Free Report) announced its quarterly earnings data on Monday. The bank reported $2.78 EPS for the quarter, beating the consensus estimate of $2.59 by $0.19, Zacks reports. Wintrust Financial had a return on equity of 12.00% and a net margin of 17.32%. The business had revenue of $670.78 million for the quarter, compared to the consensus estimate of $661.43 million.

Wintrust Financial Stock Down 2.0%

NASDAQ WTFC traded down $2.69 on Monday, reaching $131.38. 943,125 shares of the stock traded hands, compared to its average volume of 428,934. Wintrust Financial has a 12 month low of $89.10 and a 12 month high of $142.04. The company has a market cap of $8.79 billion, a price-to-earnings ratio of 13.00 and a beta of 0.82. The company has a fifty day moving average price of $123.75 and a 200-day moving average price of $120.11. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.01.

Hedge Funds Weigh In On Wintrust Financial

Several institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. bought a new position in Wintrust Financial during the 1st quarter worth about $27,000. Jones Financial Companies Lllp increased its holdings in Wintrust Financial by 49.0% during the first quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank's stock valued at $115,000 after buying an additional 335 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Wintrust Financial by 7.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank's stock worth $20,179,000 after buying an additional 12,103 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on WTFC shares. Truist Financial dropped their price target on Wintrust Financial from $150.00 to $137.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $155.00 target price (up from $143.00) on shares of Wintrust Financial in a research note on Tuesday, July 8th. Jefferies Financial Group set a $145.00 target price on Wintrust Financial and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Barclays reiterated an "overweight" rating and set a $162.00 target price (up from $145.00) on shares of Wintrust Financial in a research report on Tuesday, July 8th. Finally, Hovde Group upped their price target on shares of Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $139.92.

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.

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