Wintrust Financial (NASDAQ:WTFC) Given New $130.00 Price Target at DA Davidson

by · The Markets Daily

Wintrust Financial (NASDAQ:WTFC – Free Report) had its price target boosted by DA Davidson from $125.00 to $130.00 in a report issued on Wednesday, Benzinga reports. They currently have a buy rating on the bank’s stock. DA Davidson also issued estimates for Wintrust Financial’s Q4 2024 earnings at $2.62 EPS and FY2024 earnings at $10.15 EPS.

Other analysts have also issued research reports about the stock. Keefe, Bruyette & Woods lowered shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $110.00 to $115.00 in a research report on Friday, July 19th. Truist Financial raised their target price on Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday. Wedbush reissued an “outperform” rating and set a $130.00 price target on shares of Wintrust Financial in a report on Tuesday, October 22nd. Raymond James raised their price objective on Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a research note on Wednesday. Finally, Royal Bank of Canada boosted their target price on Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 9th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Wintrust Financial has an average rating of “Moderate Buy” and a consensus target price of $123.00.

Check Out Our Latest Report on Wintrust Financial

Wintrust Financial Price Performance

Wintrust Financial stock opened at $113.02 on Wednesday. The stock’s fifty day moving average price is $107.69 and its two-hundred day moving average price is $102.33. The firm has a market cap of $6.98 billion, a PE ratio of 11.69 and a beta of 1.16. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 0.99. Wintrust Financial has a one year low of $72.14 and a one year high of $117.77.

Wintrust Financial (NASDAQ:WTFC – Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). The company had revenue of $615.73 million during the quarter, compared to analyst estimates of $623.45 million. Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $2.53 EPS. As a group, research analysts expect that Wintrust Financial will post 10.11 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, November 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.59%. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.61%.

Insider Buying and Selling

In related news, CFO David L. Stoehr sold 1,607 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total transaction of $182,330.22. Following the completion of the transaction, the chief financial officer now directly owns 14,874 shares of the company’s stock, valued at $1,687,604.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.47% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Wintrust Financial

Several institutional investors and hedge funds have recently made changes to their positions in WTFC. Concord Wealth Partners acquired a new stake in shares of Wintrust Financial during the first quarter worth $26,000. Versant Capital Management Inc grew its holdings in Wintrust Financial by 825.0% during the 2nd quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock worth $29,000 after acquiring an additional 264 shares during the period. International Assets Investment Management LLC bought a new position in shares of Wintrust Financial in the 3rd quarter worth about $35,000. UMB Bank n.a. boosted its position in shares of Wintrust Financial by 62.0% during the 3rd quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after purchasing an additional 196 shares in the last quarter. Finally, Whittier Trust Co. grew its stake in Wintrust Financial by 138.8% during the first quarter. Whittier Trust Co. now owns 578 shares of the bank’s stock worth $60,000 after purchasing an additional 336 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Company Profile

(Get Free Report)

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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