Wintrust Financial Corporation (NASDAQ:WTFC) has been assigned a $79.00 price target by equities researchers at SunTrust Banks, Inc. in a research report issued on Thursday. The brokerage currently has a “hold” rating on the bank’s stock. SunTrust Banks, Inc.’s price objective suggests a potential downside of 2.97% from the company’s current price.

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

Wintrust Financial Corporation (WTFC) traded up 2.29% during midday trading on Thursday, reaching $81.42. The company’s stock had a trading volume of 266,440 shares. The firm has a market cap of $4.54 billion, a P/E ratio of 20.53 and a beta of 0.83. The firm has a 50 day moving average of $75.24 and a 200 day moving average of $73.59. Wintrust Financial Corporation has a 52-week low of $51.66 and a 52-week high of $81.46.

Wintrust Financial Corporation (NASDAQ:WTFC) last released its earnings results on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, topping the consensus estimate of $1.08 by $0.04. Wintrust Financial Corporation had a return on equity of 9.32% and a net margin of 19.74%. The business had revenue of $295.70 million during the quarter, compared to analysts’ expectations of $298.96 million. During the same quarter last year, the firm posted $0.92 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. Analysts anticipate that Wintrust Financial Corporation will post $4.31 earnings per share for the current fiscal year.

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Hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. bought a new position in shares of Wintrust Financial Corporation in the second quarter valued at approximately $121,000. Exane Derivatives bought a new position in shares of Wintrust Financial Corporation in the second quarter valued at approximately $128,000. Meeder Asset Management Inc. bought a new position in shares of Wintrust Financial Corporation in the third quarter valued at approximately $183,000. Essex Investment Management Co. LLC bought a new position in shares of Wintrust Financial Corporation in the second quarter valued at approximately $215,000. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of Wintrust Financial Corporation by 3.4% in the first quarter. Oppenheimer & Co. Inc. now owns 2,956 shares of the bank’s stock valued at $204,000 after purchasing an additional 96 shares in the last quarter. Institutional investors own 90.65% of the company’s stock.

About Wintrust Financial Corporation

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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