Wintrust Financial Corporation (NASDAQ:WTFC) has been assigned a $79.00 target price by research analysts at SunTrust Banks, Inc. in a research note issued to investors on Thursday. The firm presently has a “hold” rating on the bank’s stock. SunTrust Banks, Inc.’s target price suggests a potential downside of 2.97% from the company’s previous close.

Other analysts have also issued research reports about the stock. Keefe, Bruyette & Woods restated a “buy” rating and set a $82.00 price target on shares of Wintrust Financial Corporation in a research report on Tuesday, August 22nd. ValuEngine upgraded shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Zacks Investment Research upgraded shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Saturday, September 2nd. Royal Bank Of Canada restated a “buy” rating and set a $84.00 price target on shares of Wintrust Financial Corporation in a research report on Friday, September 8th. Finally, Stephens lowered shares of Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $81.38.

Shares of Wintrust Financial Corporation (NASDAQ:WTFC) opened at 81.42 on Thursday. The company’s 50-day moving average price is $75.24 and its 200-day moving average price is $73.59. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 20.53 and a beta of 0.83. Wintrust Financial Corporation has a 12 month low of $51.66 and a 12 month high of $81.46.

Wintrust Financial Corporation (NASDAQ:WTFC) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.04. Wintrust Financial Corporation had a net margin of 19.74% and a return on equity of 9.52%. The company had revenue of $295.70 million during the quarter, compared to analysts’ expectations of $298.96 million. During the same quarter in the previous year, the company earned $0.92 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. Analysts anticipate that Wintrust Financial Corporation will post $4.31 EPS for the current year.

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Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Wintrust Financial Corporation by 6.3% during the 2nd quarter. BlackRock Inc. now owns 6,492,888 shares of the bank’s stock worth $496,316,000 after buying an additional 382,791 shares during the period. Vanguard Group Inc. increased its stake in Wintrust Financial Corporation by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,586,706 shares of the bank’s stock worth $350,607,000 after buying an additional 327,529 shares during the period. State Street Corp increased its stake in Wintrust Financial Corporation by 5.9% during the 2nd quarter. State Street Corp now owns 3,031,640 shares of the bank’s stock worth $231,743,000 after buying an additional 168,386 shares during the period. Northern Trust Corp increased its stake in Wintrust Financial Corporation by 33.2% during the 2nd quarter. Northern Trust Corp now owns 1,403,270 shares of the bank’s stock worth $107,265,000 after buying an additional 349,965 shares during the period. Finally, Jennison Associates LLC increased its stake in Wintrust Financial Corporation by 4.6% during the 2nd quarter. Jennison Associates LLC now owns 1,176,922 shares of the bank’s stock worth $89,964,000 after buying an additional 52,161 shares during the period. 90.65% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Corporation Company Profile

Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.

Analyst Recommendations for Wintrust Financial Corporation (NASDAQ:WTFC)

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