Wintrust Financial (NASDAQ:WTFC – Get 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.
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
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.
- Get a free copy of the StockNews.com research report on Wintrust Financial (WTFC)
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