SunTrust Banks, Inc. Analysts Give Wintrust Financial Corporation (WTFC) a $79.00 Price Target

Wintrust Financial Corporation (NASDAQ:WTFC) received a $79.00 price target from investment analysts at SunTrust Banks, Inc. in a research report issued to clients and investors on Thursday. The firm currently has a “hold” rating on the bank’s stock. SunTrust Banks, Inc.’s price target suggests a potential downside of 0.75% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. 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 shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Zacks Investment Research raised shares of 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 lowered shares of Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 10th. One investment 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 presently has an average rating of “Hold” and an average target price of $81.38.

Shares of Wintrust Financial Corporation (NASDAQ WTFC) opened at 79.60 on Thursday. Wintrust Financial Corporation has a 12-month low of $51.66 and a 12-month high of $80.72. The stock has a 50 day moving average of $75.00 and a 200 day moving average of $73.50. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 20.08 and a beta of 0.83.

Wintrust Financial Corporation (NASDAQ:WTFC) last posted its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $295.70 million during the quarter, compared to analyst estimates of $298.96 million. During the same quarter last year, the firm posted $0.92 earnings per share. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. Analysts forecast that Wintrust Financial Corporation will post $4.30 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This article was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.chaffeybreeze.com/2017/10/20/suntrust-banks-inc-analysts-give-wintrust-financial-corporation-wtfc-a-79-00-price-target.html.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Wintrust Financial Corporation by 6.3% in the second quarter. BlackRock Inc. now owns 6,492,888 shares of the bank’s stock valued at $496,316,000 after acquiring an additional 382,791 shares in the last quarter. Vanguard Group Inc. raised its holdings in Wintrust Financial Corporation by 7.7% in the second quarter. Vanguard Group Inc. now owns 4,586,706 shares of the bank’s stock valued at $350,607,000 after acquiring an additional 327,529 shares in the last quarter. State Street Corp raised its holdings in Wintrust Financial Corporation by 5.9% in the second quarter. State Street Corp now owns 3,031,640 shares of the bank’s stock valued at $231,743,000 after acquiring an additional 168,386 shares in the last quarter. Northern Trust Corp raised its holdings in Wintrust Financial Corporation by 33.2% in the second quarter. Northern Trust Corp now owns 1,403,270 shares of the bank’s stock valued at $107,265,000 after acquiring an additional 349,965 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in Wintrust Financial Corporation by 4.6% in the second quarter. Jennison Associates LLC now owns 1,176,922 shares of the bank’s stock valued at $89,964,000 after acquiring an additional 52,161 shares in the last quarter. 90.65% of the stock is currently owned by hedge funds and other institutional investors.

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)

Receive News & Ratings for Wintrust Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply