Wintrust Financial (NASDAQ:WTFC - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday.
Other equities analysts have also recently issued research reports about the company. DA Davidson decreased their price objective on Wintrust Financial from $140.00 to $135.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Stephens decreased their price objective on Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Barclays restated an "overweight" rating and issued a $162.00 price objective (up previously from $145.00) on shares of Wintrust Financial in a report on Tuesday. Jefferies Financial Group set a $145.00 price objective on Wintrust Financial and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, Raymond James Financial restated a "strong-buy" rating and issued a $155.00 price objective (up previously from $143.00) on shares of Wintrust Financial in a report on Tuesday. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $138.00.
Check Out Our Latest Research Report on Wintrust Financial
Wintrust Financial Price Performance
WTFC stock opened at $131.87 on Friday. The stock has a 50-day moving average price of $122.12 and a two-hundred day moving average price of $119.95. The stock has a market cap of $8.83 billion, a PE ratio of 13.04 and a beta of 0.82. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. Wintrust Financial has a 1 year low of $89.10 and a 1 year high of $142.04.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its earnings results on Monday, April 21st. The bank reported $2.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.52 by $0.17. The firm had revenue of $643.11 million during the quarter, compared to analysts' expectations of $643.11 million. Wintrust Financial had a return on equity of 12.00% and a net margin of 17.32%. During the same quarter in the prior year, the company earned $2.89 EPS. Equities analysts forecast that Wintrust Financial will post 10.36 EPS for the current fiscal year.
Hedge Funds Weigh In On Wintrust Financial
Hedge funds and other institutional investors have recently bought and sold shares of the business. CHICAGO TRUST Co NA boosted its holdings in shares of Wintrust Financial by 0.5% during the first quarter. CHICAGO TRUST Co NA now owns 19,896 shares of the bank's stock worth $2,238,000 after acquiring an additional 100 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of Wintrust Financial by 0.5% during the first quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the bank's stock worth $2,092,000 after acquiring an additional 100 shares during the period. Securian Asset Management Inc. boosted its holdings in shares of Wintrust Financial by 2.0% during the first quarter. Securian Asset Management Inc. now owns 5,098 shares of the bank's stock worth $573,000 after acquiring an additional 100 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Wintrust Financial by 52.9% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 289 shares of the bank's stock worth $36,000 after acquiring an additional 100 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Wintrust Financial by 20.4% during the second quarter. Farther Finance Advisors LLC now owns 601 shares of the bank's stock worth $74,000 after acquiring an additional 102 shares during the period. Institutional investors own 93.48% of the company's stock.
About Wintrust Financial
(
Get Free Report)
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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