UBS Group Increases Wintrust Financial (NASDAQ:WTFC) Price Target to $104.00

Wintrust Financial (NASDAQ:WTFC – Get Rating) had its price objective boosted by analysts at UBS Group from $95.00 to $104.00 in a research note issued on Thursday, The Fly reports. UBS Group’s target price points to a potential upside of 12.09% from the company’s previous close.

Several other brokerages also recently weighed in on WTFC. Wedbush upped their price target on Wintrust Financial from $110.00 to $115.00 in a report on Thursday, January 20th. Raymond James upped their price objective on Wintrust Financial from $124.00 to $130.00 and gave the stock a “strong-buy” rating in a research report on Thursday. Truist Financial upped their price objective on Wintrust Financial from $105.00 to $125.00 in a research report on Monday, January 24th. Janney Montgomery Scott raised Wintrust Financial from a “neutral” rating to a “buy” rating in a research report on Tuesday, March 8th. Finally, StockNews.com assumed coverage on Wintrust Financial in a research report on Thursday, March 31st. They set a “hold” rating for the company. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Wintrust Financial currently has a consensus rating of “Buy” and a consensus target price of $113.88.

WTFC stock opened at $92.78 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $5.31 billion, a PE ratio of 12.22, a P/E/G ratio of 0.76 and a beta of 1.34. Wintrust Financial has a 12-month low of $65.66 and a 12-month high of $105.56. The business’s fifty day moving average price is $93.94 and its 200 day moving average price is $93.33.

Wintrust Financial (NASDAQ:WTFC – Get Rating) last issued its quarterly earnings results on Tuesday, April 19th. The bank reported $2.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.52. Wintrust Financial had a return on equity of 11.76% and a net margin of 25.04%. The company had revenue of $462.08 million for the quarter, compared to the consensus estimate of $427.66 million. During the same quarter in the prior year, the business earned $2.54 EPS. Wintrust Financial’s revenue was up 3.1% on a year-over-year basis. Research analysts predict that Wintrust Financial will post 6.89 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Wintrust Financial by 23.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,070 shares of the bank’s stock worth $642,000 after purchasing an additional 1,324 shares in the last quarter. Yorktown Management & Research Co Inc boosted its position in shares of Wintrust Financial by 5.0% during the 3rd quarter. Yorktown Management & Research Co Inc now owns 10,500 shares of the bank’s stock worth $844,000 after purchasing an additional 500 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Wintrust Financial by 2.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,649,342 shares of the bank’s stock worth $212,928,000 after purchasing an additional 69,751 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Wintrust Financial by 1.4% during the 4th quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the bank’s stock worth $1,335,000 after purchasing an additional 200 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its position in shares of Wintrust Financial by 20.7% during the 3rd quarter. Teacher Retirement System of Texas now owns 9,152 shares of the bank’s stock worth $736,000 after purchasing an additional 1,567 shares in the last quarter. Institutional investors own 91.36% of the company’s stock.

About Wintrust Financial (Get Rating)

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.

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