Citigroup Boosts Wintrust Financial (NASDAQ:WTFC) Price Target to $135.00

Wintrust Financial (NASDAQ:WTFC) had its price target boosted by research analysts at Citigroup from $126.00 to $135.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the bank’s stock. Citigroup’s price objective indicates a potential upside of 17.64% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Truist Financial boosted their price target on shares of Wintrust Financial from $118.00 to $123.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Stephens reissued an “overweight” rating and issued a $115.00 price target on shares of Wintrust Financial in a research note on Thursday, July 18th. Royal Bank of Canada boosted their price target on shares of Wintrust Financial from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Tuesday, July 9th. DA Davidson boosted their price target on shares of Wintrust Financial from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Keefe, Bruyette & Woods cut shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $110.00 to $115.00 in a report on Friday, July 19th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.08.

Wintrust Financial Stock Performance

WTFC opened at $114.76 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.85. The firm’s 50-day moving average price is $106.84 and its 200 day moving average price is $102.07. Wintrust Financial has a twelve month low of $71.86 and a twelve month high of $117.77. The firm has a market capitalization of $7.09 billion, a PE ratio of 11.87 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The firm had revenue of $615.73 million for the quarter, compared to analysts’ expectations of $623.45 million. During the same period last year, the firm earned $2.53 earnings per share. Wintrust Financial’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, sell-side analysts expect that Wintrust Financial will post 10.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in Wintrust Financial during the 3rd quarter worth approximately $35,000. DHJJ Financial Advisors Ltd. boosted its holdings in shares of Wintrust Financial by 111.7% in the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 1,033 shares of the bank’s stock valued at $112,000 after buying an additional 545 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Wintrust Financial by 7.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 203,285 shares of the bank’s stock valued at $22,063,000 after buying an additional 14,699 shares in the last quarter. Vest Financial LLC boosted its holdings in shares of Wintrust Financial by 16.4% in the 3rd quarter. Vest Financial LLC now owns 13,725 shares of the bank’s stock valued at $1,490,000 after buying an additional 1,931 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of Wintrust Financial by 5.2% in the 3rd quarter. Raymond James & Associates now owns 218,733 shares of the bank’s stock valued at $23,739,000 after buying an additional 10,789 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.