Piper Jaffray Companies set a $92.00 price objective on Wintrust Financial (NASDAQ:WTFC) in a report released on Monday, Stock Target Advisor reports. The firm currently has a buy rating on the bank’s stock. Piper Jaffray Companies also issued estimates for Wintrust Financial’s Q2 2019 earnings at $1.69 EPS, Q3 2019 earnings at $1.75 EPS, Q4 2019 earnings at $1.78 EPS, FY2019 earnings at $6.74 EPS, Q1 2020 earnings at $1.65 EPS, Q2 2020 earnings at $1.77 EPS, Q3 2020 earnings at $1.82 EPS, Q4 2020 earnings at $1.86 EPS and FY2020 earnings at $7.10 EPS.
Other equities research analysts have also issued research reports about the company. BidaskClub lowered Xilinx from a buy rating to a hold rating in a research report on Saturday, June 15th. Zacks Investment Research upgraded SCHNEIDER ELEC /ADR from a hold rating to a buy rating and set a $20.00 price objective on the stock in a research report on Friday, July 5th. Wedbush restated a hold rating and set a $9.00 price objective on shares of Glu Mobile in a research report on Tuesday, May 7th. Finally, Jefferies Financial Group boosted their price objective on T. Rowe Price Group from $103.00 to $119.00 and gave the stock a buy rating in a research report on Monday, April 1st. Three analysts have rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Wintrust Financial presently has an average rating of Hold and a consensus target price of $92.00.
Shares of WTFC stock opened at $71.17 on Monday. The company has a market cap of $4.01 billion, a price-to-earnings ratio of 12.15, a P/E/G ratio of 0.82 and a beta of 1.04. Wintrust Financial has a twelve month low of $61.53 and a twelve month high of $92.56. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.99 and a quick ratio of 0.98. The stock’s fifty day moving average price is $71.61.
A number of institutional investors and hedge funds have recently made changes to their positions in WTFC. Vanguard Group Inc grew its position in Wintrust Financial by 2.1% during the 3rd quarter. Vanguard Group Inc now owns 5,119,942 shares of the bank’s stock worth $434,889,000 after purchasing an additional 102,924 shares during the last quarter. Advisors Asset Management Inc. grew its position in Wintrust Financial by 11.8% during the 4th quarter. Advisors Asset Management Inc. now owns 20,989 shares of the bank’s stock worth $1,396,000 after purchasing an additional 2,218 shares during the last quarter. LPL Financial LLC grew its position in Wintrust Financial by 14.4% during the 4th quarter. LPL Financial LLC now owns 3,726 shares of the bank’s stock worth $248,000 after purchasing an additional 470 shares during the last quarter. California Public Employees Retirement System grew its position in Wintrust Financial by 7.5% during the 4th quarter. California Public Employees Retirement System now owns 99,424 shares of the bank’s stock worth $6,611,000 after purchasing an additional 6,907 shares during the last quarter. Finally, BlackRock Inc. grew its position in Wintrust Financial by 3.7% during the 4th quarter. BlackRock Inc. now owns 5,607,346 shares of the bank’s stock worth $372,835,000 after purchasing an additional 200,648 shares during the last quarter. 88.91% of the stock is currently owned by hedge funds and other institutional investors.
About Wintrust Financial
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.
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