Wintrust Financial Corp. Rating Reiterated by Keefe, Bruyette & Woods (WTFC)
Wintrust Financial Corp. (NASDAQ:WTFC)‘s stock had its “hold” rating restated by Keefe, Bruyette & Woods in a research note issued on Wednesday, AmericanBankingNews.com reports. They currently have a $42.00 price target on the stock, up from their previous price target of $39.00. Keefe, Bruyette & Woods’ price objective would indicate a potential downside of 2.85% from the company’s current price.
Shares of Wintrust Financial Corp. (NASDAQ:WTFC) traded down 0.37% on Wednesday, hitting $43.07. The stock had a trading volume of 8,963 shares. Wintrust Financial Corp. has a 52 week low of $34.40 and a 52 week high of $43.47. The stock has a 50-day moving average of $40.80 and a 200-day moving average of $38.95. The company has a market cap of $1.711 billion and a P/E ratio of 16.59.
Wintrust Financial Corp. (NASDAQ:WTFC) last announced its earnings results on Monday, October 14th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.07. The company had revenue of $196.40 million for the quarter, compared to the consensus estimate of $195.50 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. On average, analysts predict that Wintrust Financial Corp. will post $2.65 earnings per share for the current fiscal year.
WTFC has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their price target on shares of Wintrust Financial Corp. from $43.00 to $44.00 in a research note to investors on Wednesday. Separately, analysts at DA Davidson raised their price target on shares of Wintrust Financial Corp. from $44.00 to $45.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Wintrust Financial Corp. from $42.00 to $45.00 in a research note to investors on Friday, July 19th. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $44.43.
Wintrust Financial Corporation is a financial holding company. It provides personal and commercial banking services to customers located in the Chicago and in southeastern Wisconsin through its 15 wholly owned banking subsidiaries, as well as origination and purchase of residential mortgages for sale into the secondary market through Wintrust Mortgage, a division of Barrington Bank and Trust Company, N.
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