FIG Partners lowered shares of Wintrust Financial (NASDAQ:WTFC) from an outperform rating to a market perform rating in a research note issued to investors on Monday morning, Marketbeat reports.
A number of other analysts have also commented on the company. BidaskClub upgraded Wintrust Financial from a hold rating to a buy rating in a report on Friday, March 9th. ValuEngine upgraded Wintrust Financial from a hold rating to a buy rating in a report on Wednesday, March 7th. Keefe, Bruyette & Woods restated a buy rating and issued a $100.00 price target on shares of Wintrust Financial in a report on Tuesday, February 27th. Zacks Investment Research lowered Wintrust Financial from a buy rating to a hold rating in a report on Thursday, February 15th. Finally, Hovde Group restated a market perform rating and issued a $90.00 price target (up from $85.00) on shares of Wintrust Financial in a report on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $89.78.
Shares of Wintrust Financial (NASDAQ WTFC) opened at $89.82 on Monday. The company has a market capitalization of $5,066.77, a PE ratio of 20.41, a PEG ratio of 1.21 and a beta of 0.84. Wintrust Financial has a twelve month low of $64.14 and a twelve month high of $91.51. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.43.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.85%. The ex-dividend date was Wednesday, February 7th. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.14. Wintrust Financial’s dividend payout ratio is presently 17.27%.
In related news, CFO David L. Stoehr sold 5,268 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.59, for a total transaction of $461,424.12. Following the sale, the chief financial officer now owns 11,347 shares in the company, valued at $993,883.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David A. Dykstra sold 11,235 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.56, for a total value of $983,736.60. Following the sale, the executive vice president now owns 39,365 shares in the company, valued at approximately $3,446,799.40. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 152 shares of company stock worth $10,629 and have sold 30,676 shares worth $2,687,566. Corporate insiders own 1.97% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. raised its holdings in Wintrust Financial by 18.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 4,377 shares of the bank’s stock worth $361,000 after acquiring an additional 669 shares in the last quarter. Aperio Group LLC raised its holdings in Wintrust Financial by 8.0% during the fourth quarter. Aperio Group LLC now owns 10,383 shares of the bank’s stock worth $855,000 after acquiring an additional 770 shares in the last quarter. Wayne Hummer Investments L.L.C. raised its holdings in Wintrust Financial by 26.9% during the fourth quarter. Wayne Hummer Investments L.L.C. now owns 3,813 shares of the bank’s stock worth $314,000 after acquiring an additional 808 shares in the last quarter. Cortina Asset Management LLC raised its holdings in Wintrust Financial by 0.9% during the third quarter. Cortina Asset Management LLC now owns 98,998 shares of the bank’s stock worth $7,753,000 after acquiring an additional 869 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in Wintrust Financial by 11.7% during the third quarter. Pacer Advisors Inc. now owns 8,345 shares of the bank’s stock worth $653,000 after acquiring an additional 875 shares in the last quarter. Institutional investors and hedge funds own 90.97% of the company’s stock.
Wintrust Financial 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.
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