Wintrust Financial Corp.’s “Buy” Rating Reaffirmed at RBC Capital (WTFC)
Wintrust Financial Corp. (NASDAQ:WTFC)‘s stock had its “buy” rating restated by research analysts at RBC Capital in a report released on Wednesday, Analyst Ratings News reports. They currently have a $45.00 price objective on the stock. RBC Capital’s target price would suggest a potential upside of 4.09% from the company’s current price.
A number of other firms have also recently commented on WTFC. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Wintrust Financial Corp. from $39.00 to $42.00 in a research note to investors on Wednesday. They now have a “market perform” rating on the stock. Separately, 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. Finally, 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. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $44.00.
Shares of Wintrust Financial Corp. (NASDAQ:WTFC) traded up 2.34% on Wednesday, hitting $43.23. The stock had a trading volume of 496,853 shares. Wintrust Financial Corp. has a 52 week low of $34.40 and a 52 week high of $42.52. The stock’s 50-day moving average is $40.71 and its 200-day moving average is $38.92. The company has a market cap of $1.717 billion and a price-to-earnings ratio of 16.21.
Wintrust Financial Corp. (NASDAQ:WTFC) last issued its quarterly earnings data 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. Analysts expect that Wintrust Financial Corp. will post $2.65 EPS for the current fiscal year.
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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