Wintrust Financial’s (WTFC) Neutral Rating Reiterated at Piper Sandler

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Wintrust Financial (NASDAQ:WTFC)‘s stock had its “neutral” rating restated by investment analysts at Piper Sandler in a note issued to investors on Tuesday, BenzingaRatingsTable reports. They presently have a $72.00 target price on the bank’s stock. Piper Sandler’s price target points to a potential upside of 4.44% from the company’s previous close.

A number of other equities analysts have also recently weighed in on WTFC. Royal Bank of Canada set a $75.00 price target on Wintrust Financial and gave the stock a “buy” rating in a report on Friday, October 18th. UBS Group decreased their price target on Wintrust Financial from $72.00 to $67.00 and set a “neutral” rating for the company in a report on Monday, October 21st. SunTrust Banks decreased their price target on Wintrust Financial from $76.00 to $72.00 and set a “hold” rating for the company in a report on Monday, December 9th. DA Davidson restated a “buy” rating on shares of Wintrust Financial in a report on Monday, November 18th. Finally, Wedbush restated an “outperform” rating on shares of Wintrust Financial in a report on Friday, January 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $76.00.

NASDAQ WTFC opened at $68.94 on Tuesday. The stock has a market cap of $3.92 billion, a PE ratio of 11.76 and a beta of 1.11. Wintrust Financial has a fifty-two week low of $59.34 and a fifty-two week high of $78.25. The business has a 50 day moving average price of $69.43 and a two-hundred day moving average price of $66.97. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.49.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $1.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.62 by $0.07. The firm had revenue of $380.00 million during the quarter, compared to analysts’ expectations of $374.98 million. Wintrust Financial had a return on equity of 10.65% and a net margin of 20.24%. Wintrust Financial’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.57 EPS. Sell-side analysts anticipate that Wintrust Financial will post 6.16 EPS for the current fiscal year.

In other Wintrust Financial news, Director Gary D. Sweeney bought 786 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were bought at an average cost of $63.60 per share, with a total value of $49,989.60. Following the transaction, the director now directly owns 5,178 shares in the company, valued at approximately $329,320.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.58% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in WTFC. Massachusetts Financial Services Co. MA raised its position in shares of Wintrust Financial by 14.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,312,894 shares of the bank’s stock valued at $149,482,000 after acquiring an additional 286,314 shares in the last quarter. State Street Corp raised its position in shares of Wintrust Financial by 5.2% during the 3rd quarter. State Street Corp now owns 2,170,947 shares of the bank’s stock valued at $140,308,000 after acquiring an additional 107,390 shares in the last quarter. Citadel Advisors LLC raised its position in shares of Wintrust Financial by 1.3% during the 2nd quarter. Citadel Advisors LLC now owns 1,208,377 shares of the bank’s stock valued at $88,404,000 after acquiring an additional 15,942 shares in the last quarter. Invesco Ltd. raised its position in shares of Wintrust Financial by 89.2% during the 2nd quarter. Invesco Ltd. now owns 933,255 shares of the bank’s stock valued at $68,277,000 after acquiring an additional 439,875 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its position in shares of Wintrust Financial by 43.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 713,255 shares of the bank’s stock valued at $52,181,000 after acquiring an additional 217,376 shares in the last quarter. 86.79% of the stock is currently owned by 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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Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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