Wintrust Financial's (WTFC) Overweight Rating Reiterated at Piper Sandler

Wintrust Financial (NASDAQ:WTFC - Get Free Report)'s stock had its "overweight" rating reissued by equities research analysts at Piper Sandler in a research note issued on Wednesday,Benzinga reports. They currently have a $160.00 price target on the bank's stock, up from their prior price target of $141.00. Piper Sandler's price target indicates a potential upside of 21.11% from the stock's previous close.

WTFC has been the topic of a number of other reports. DA Davidson upped their price objective on Wintrust Financial from $135.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday. Jefferies Financial Group set a $145.00 price target on Wintrust Financial and gave the stock a "buy" rating in a report on Wednesday, May 21st. Wall Street Zen upgraded Wintrust Financial from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Stephens dropped their price objective on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods increased their price objective on Wintrust Financial from $130.00 to $138.00 and gave the stock a "market perform" rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $145.77.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC traded down $0.69 during mid-day trading on Wednesday, reaching $132.11. The stock had a trading volume of 475,858 shares, compared to its average volume of 469,024. Wintrust Financial has a 1 year low of $89.10 and a 1 year high of $142.04. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The business's 50 day moving average price is $124.88 and its 200 day moving average price is $120.42. The company has a market cap of $8.84 billion, a P/E ratio of 12.50 and a beta of 0.82.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The bank reported $2.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.19. Wintrust Financial had a return on equity of 12.08% and a net margin of 18.06%. The business had revenue of $670.78 million for the quarter, compared to the consensus estimate of $661.43 million. During the same period in the prior year, the business posted $2.32 earnings per share. Research analysts expect that Wintrust Financial will post 10.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Wintrust Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. Maseco LLP purchased a new position in shares of Wintrust Financial in the 2nd quarter valued at about $25,000. Park Place Capital Corp increased its stake in shares of Wintrust Financial by 1,264.7% in the 1st quarter. Park Place Capital Corp now owns 232 shares of the bank's stock valued at $26,000 after purchasing an additional 215 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in shares of Wintrust Financial in the 1st quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Wintrust Financial by 52.9% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 289 shares of the bank's stock valued at $36,000 after purchasing an additional 100 shares in the last quarter. Finally, REAP Financial Group LLC increased its stake in shares of Wintrust Financial by 196.0% in the 2nd quarter. REAP Financial Group LLC now owns 296 shares of the bank's stock valued at $37,000 after purchasing an additional 196 shares in the last quarter. Institutional investors and hedge funds 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.