Wintrust Financial's (WTFC) Strong-Buy Rating Reaffirmed at Raymond James Financial

Wintrust Financial (NASDAQ:WTFC - Get Free Report)'s stock had its "strong-buy" rating reissued by analysts at Raymond James Financial in a report issued on Tuesday,Benzinga reports. They presently have a $155.00 price target on the bank's stock, up from their prior price target of $143.00. Raymond James Financial's price target indicates a potential upside of 16.77% from the company's previous close.

A number of other equities research analysts also recently weighed in on the stock. Barclays reaffirmed an "overweight" rating on shares of Wintrust Financial in a research report on Tuesday. Hovde Group boosted their price objective on shares of Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a research report on Wednesday, April 23rd. Royal Bank Of Canada reduced their target price on shares of Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Wall Street Zen lowered shares of Wintrust Financial from a "hold" rating to a "sell" rating in a research note on Saturday, June 28th. Finally, Stephens reduced their target price on shares of Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, two have issued 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.com, Wintrust Financial presently has a consensus rating of "Moderate Buy" and an average price target of $136.69.

Wintrust Financial Stock Performance

Shares of NASDAQ:WTFC traded up $2.13 during trading on Tuesday, reaching $132.74. 110,713 shares of the company's stock traded hands, compared to its average volume of 431,769. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.00. Wintrust Financial has a 12 month low of $89.10 and a 12 month high of $142.04. The company has a 50 day moving average of $120.56 and a 200-day moving average of $119.67. The stock has a market capitalization of $8.88 billion, a P/E ratio of 13.13 and a beta of 0.82.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings data on Monday, April 21st. The bank reported $2.69 earnings per share for the quarter, beating analysts' consensus estimates of $2.52 by $0.17. Wintrust Financial had a net margin of 17.32% and a return on equity of 12.00%. The business had revenue of $643.11 million during the quarter, compared to the consensus estimate of $643.11 million. During the same quarter in the prior year, the firm earned $2.89 EPS. On average, equities analysts expect that Wintrust Financial will post 10.36 EPS for the current year.

Institutional Investors Weigh In On Wintrust Financial

Large investors have recently made changes to their positions in the company. CHICAGO TRUST Co NA increased its stake in Wintrust Financial by 0.5% in the 1st quarter. CHICAGO TRUST Co NA now owns 19,896 shares of the bank's stock valued at $2,238,000 after buying an additional 100 shares during the period. Louisiana State Employees Retirement System boosted its holdings in Wintrust Financial by 0.5% in the 1st quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the bank's stock valued at $2,092,000 after purchasing an additional 100 shares during the period. Securian Asset Management Inc. raised its stake in shares of Wintrust Financial by 2.0% in the 1st quarter. Securian Asset Management Inc. now owns 5,098 shares of the bank's stock valued at $573,000 after buying an additional 100 shares in the last quarter. Blair William & Co. IL raised its stake in shares of Wintrust Financial by 0.6% in the 1st quarter. Blair William & Co. IL now owns 19,055 shares of the bank's stock valued at $2,143,000 after buying an additional 109 shares in the last quarter. Finally, Gitterman Wealth Management LLC raised its stake in shares of Wintrust Financial by 5.0% in the 4th quarter. Gitterman Wealth Management LLC now owns 2,373 shares of the bank's stock valued at $296,000 after buying an additional 113 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.