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.
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.
- Get a free copy of the StockNews.com research report on Wintrust Financial (WTFC)
- 3 Resilient Stocks to Buy for Retirement
- MarketBeat: Week in Review 4/18 – 4/22
- Tractor Supply Company Reaps What It Sows
- Snap (NYSE: SNAP) Gives Investors A Mixed Bag
- MarketBeat Podcast: 3 Stocks Flashing Buy Signals
Receive News & Ratings for Wintrust Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial and related companies with MarketBeat.com's FREE daily email newsletter.