UBS Group Boosts Wintrust Financial (NASDAQ:WTFC) Price Target to $100.00

Wintrust Financial (NASDAQ:WTFCGet Rating) had its price objective boosted by research analysts at UBS Group to $100.00 in a research note issued to investors on Wednesday, Stock Target Advisor reports. UBS Group’s target price points to a potential upside of 14.25% from the stock’s current price.

Several other equities analysts also recently issued reports on the company. Piper Sandler lifted their price objective on Wintrust Financial from $107.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 20th. Raymond James upped their price target on shares of Wintrust Financial from $111.00 to $118.00 and gave the stock a “strong-buy” rating in a research report on Thursday, October 20th. Royal Bank of Canada raised their price objective on shares of Wintrust Financial from $109.00 to $115.00 and gave the company an “outperform” rating in a research report on Thursday, October 20th. Truist Financial upped their target price on shares of Wintrust Financial from $100.00 to $112.00 and gave the stock a “buy” rating in a research report on Thursday, October 20th. Finally, Wedbush raised their price target on shares of Wintrust Financial from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, October 19th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $110.88.

Wintrust Financial Stock Down 1.3 %

Shares of NASDAQ WTFC opened at $87.53 on Wednesday. The business has a fifty day moving average of $88.59 and a two-hundred day moving average of $85.87. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.99 and a current ratio of 1.00. Wintrust Financial has a 52-week low of $76.13 and a 52-week high of $105.56. The stock has a market cap of $5.32 billion, a PE ratio of 11.91, a PEG ratio of 0.63 and a beta of 1.21.

Wintrust Financial (NASDAQ:WTFCGet Rating) last released its quarterly earnings results on Wednesday, October 19th. The bank reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.14. Wintrust Financial had a net margin of 23.23% and a return on equity of 11.10%. The firm had revenue of $502.93 million for the quarter, compared to analyst estimates of $497.95 million. During the same period in the previous year, the business earned $1.77 earnings per share. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. As a group, equities research analysts expect that Wintrust Financial will post 8.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Wintrust Financial

In other news, CFO David L. Stoehr sold 2,215 shares of the business’s stock in a transaction on Friday, November 4th. The shares were sold at an average price of $92.45, for a total value of $204,776.75. Following the completion of the transaction, the chief financial officer now owns 11,266 shares of the company’s stock, valued at approximately $1,041,541.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.41% of the company’s stock.

Institutional Trading of Wintrust Financial

A number of institutional investors have recently modified their holdings of WTFC. Treasurer of the State of North Carolina boosted its position in Wintrust Financial by 21.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 25,343 shares of the bank’s stock worth $2,031,000 after acquiring an additional 4,471 shares during the last quarter. Wintrust Investments LLC grew its position in Wintrust Financial by 4.9% in the first quarter. Wintrust Investments LLC now owns 2,708 shares of the bank’s stock valued at $252,000 after purchasing an additional 127 shares in the last quarter. Morris Retirement Advisors LLC increased its stake in Wintrust Financial by 2.4% in the 2nd quarter. Morris Retirement Advisors LLC now owns 6,385 shares of the bank’s stock valued at $512,000 after buying an additional 152 shares during the last quarter. Leeward Investments LLC MA bought a new stake in Wintrust Financial during the 1st quarter worth about $31,336,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Wintrust Financial during the 2nd quarter worth about $225,000. 92.21% of the stock is currently owned by institutional investors.

Wintrust Financial Company Profile

(Get Rating)

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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