Wintrust Financial (NASDAQ:WTFC) Given New $172.00 Price Target at DA Davidson

Wintrust Financial (NASDAQ:WTFC) had its target price upped by equities researchers at DA Davidson from $165.00 to $172.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the bank’s stock. DA Davidson’s price target suggests a potential upside of 11.04% from the stock’s previous close.

WTFC has been the topic of a number of other reports. Stephens reaffirmed an “overweight” rating and issued a $162.00 target price (up from $158.00) on shares of Wintrust Financial in a research report on Thursday. Royal Bank Of Canada set a $175.00 price objective on Wintrust Financial and gave the stock an “outperform” rating in a report on Thursday. Jefferies Financial Group reduced their target price on Wintrust Financial from $165.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. TD Cowen restated a “buy” rating on shares of Wintrust Financial in a research note on Wednesday, January 7th. Finally, Piper Sandler lifted their price target on Wintrust Financial from $161.00 to $184.00 and gave the stock an “overweight” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $161.92.

Wintrust Financial Stock Up 2.2%

Wintrust Financial stock traded up $3.36 during midday trading on Thursday, reaching $154.90. The company’s stock had a trading volume of 127,576 shares, compared to its average volume of 428,452. The company has a market cap of $10.37 billion, a P/E ratio of 13.61 and a beta of 0.88. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.65. The business has a 50-day simple moving average of $139.44 and a 200-day simple moving average of $134.05. Wintrust Financial has a fifty-two week low of $89.10 and a fifty-two week high of $155.99.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Tuesday, January 20th. The bank reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. Wintrust Financial had a return on equity of 13.17% and a net margin of 19.48%.The firm had revenue of $586.67 million during the quarter, compared to the consensus estimate of $700.85 million. During the same period in the prior year, the company posted $2.63 earnings per share. On average, research analysts expect that Wintrust Financial will post 10.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Wintrust Financial

Several institutional investors have recently bought and sold shares of WTFC. Maseco LLP purchased a new stake in shares of Wintrust Financial in the second quarter valued at about $25,000. Root Financial Partners LLC purchased a new stake in Wintrust Financial in the 3rd quarter valued at approximately $27,000. Advisors Asset Management Inc. acquired a new position in Wintrust Financial during the 1st quarter worth approximately $27,000. REAP Financial Group LLC raised its stake in shares of Wintrust Financial by 196.0% during the 2nd quarter. REAP Financial Group LLC now owns 296 shares of the bank’s stock worth $37,000 after buying an additional 196 shares in the last quarter. Finally, Richardson Financial Services Inc. lifted its holdings in shares of Wintrust Financial by 75.3% in the 3rd quarter. Richardson Financial Services Inc. now owns 312 shares of the bank’s stock valued at $41,000 after buying an additional 134 shares during the period. 93.48% of the stock is owned by institutional investors and hedge funds.

About Wintrust Financial

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.