Raymond James analyst David Long has revised the price target for Wintrust Financial (WTFC, Financial), adjusting it from $150 to $143 while maintaining a Strong Buy rating on the stock. According to Long, the company's first-quarter performance was well-received, showcasing notable expansion in net interest margin, ongoing balance sheet growth, and robust credit trends.
In his assessment, Long highlights Wintrust's distinguished position among its competitors, attributing this to its superior balance sheet growth and a loan portfolio that possesses comparatively lower risk. These factors contribute to the analyst's positive outlook on the bank's future performance and strong market position.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Wintrust Financial Corp (WTFC, Financial) is $135.77 with a high estimate of $150.00 and a low estimate of $115.00. The average target implies an upside of 27.29% from the current price of $106.66. More detailed estimate data can be found on the Wintrust Financial Corp (WTFC) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, Wintrust Financial Corp's (WTFC, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Wintrust Financial Corp (WTFC, Financial) in one year is $109.69, suggesting a upside of 2.84% from the current price of $106.66. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Wintrust Financial Corp (WTFC) Summary page.
