TD Cowen Forecasts Strong Price Appreciation for Wintrust Financial (NASDAQ:WTFC) Stock

Wintrust Financial (NASDAQ:WTFC) had its price target lifted by equities researchers at TD Cowen from $168.00 to $170.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the bank’s stock. TD Cowen’s target price indicates a potential upside of 14.84% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Piper Sandler reiterated an “overweight” rating and issued a $161.00 target price (up previously from $160.00) on shares of Wintrust Financial in a research note on Wednesday, October 22nd. Cowen reaffirmed a “buy” rating on shares of Wintrust Financial in a research report on Wednesday. DA Davidson reiterated a “buy” rating and set a $158.00 price objective on shares of Wintrust Financial in a research note on Tuesday, October 21st. Citigroup raised their target price on shares of Wintrust Financial from $159.00 to $167.00 and gave the company a “buy” rating in a research note on Tuesday, December 30th. Finally, Jefferies Financial Group cut their price target on shares of Wintrust Financial from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Wintrust Financial currently has an average rating of “Moderate Buy” and a consensus price target of $154.33.

Wintrust Financial Stock Performance

Shares of NASDAQ:WTFC opened at $148.03 on Wednesday. The firm has a 50 day moving average of $136.59 and a 200 day moving average of $132.76. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $9.91 billion, a price-to-earnings ratio of 13.61 and a beta of 0.88. Wintrust Financial has a 52 week low of $89.10 and a 52 week high of $149.79.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Thursday, November 6th. The bank reported $3.06 earnings per share (EPS) for the quarter. The business had revenue of $1.26 billion for the quarter. Wintrust Financial had a return on equity of 12.82% and a net margin of 18.85%. On average, sell-side analysts predict that Wintrust Financial will post 10.36 earnings per share for the current fiscal year.

Institutional Trading of Wintrust Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in WTFC. Maseco LLP acquired a new position in Wintrust Financial during the second quarter valued at $25,000. Root Financial Partners LLC acquired a new position in shares of Wintrust Financial in the 3rd quarter valued at about $27,000. Advisors Asset Management Inc. purchased a new stake in shares of Wintrust Financial in the first quarter worth about $27,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Wintrust Financial by 52.9% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 289 shares of the bank’s stock worth $36,000 after buying an additional 100 shares during the last quarter. Finally, REAP Financial Group LLC grew its holdings in Wintrust Financial by 196.0% during the second quarter. REAP Financial Group LLC now owns 296 shares of the bank’s stock worth $37,000 after acquiring an additional 196 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

About Wintrust Financial

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.