Wedbush Raises Wintrust Financial (NASDAQ:WTFC) Price Target to $130.00

Wintrust Financial (NASDAQ:WTFC) had its price target increased by Wedbush from $115.00 to $130.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have an outperform rating on the bank’s stock.

WTFC has been the subject of several other reports. Hovde Group restated a market perform rating and issued a $100.00 price target on shares of Wintrust Financial in a research note on Friday, June 21st. Jefferies Financial Group reduced their price target on Wintrust Financial from $118.00 to $116.00 and set a buy rating for the company in a research note on Wednesday, July 3rd. Royal Bank of Canada boosted their price target on Wintrust Financial from $116.00 to $117.00 and gave the company an outperform rating in a research note on Tuesday, July 9th. Truist Financial reduced their price target on Wintrust Financial from $112.00 to $107.00 and set a buy rating for the company in a research note on Monday, July 8th. Finally, Stephens restated an overweight rating and issued a $110.00 price target on shares of Wintrust Financial in a research note on Tuesday, April 16th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $117.00.

Wintrust Financial Stock Performance

Shares of NASDAQ WTFC opened at $105.02 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 0.85. Wintrust Financial has a 12 month low of $71.86 and a 12 month high of $113.68. The stock has a 50 day moving average of $98.47 and a 200-day moving average of $97.83. The company has a market capitalization of $6.49 billion, a P/E ratio of 10.86 and a beta of 1.18.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Wednesday, July 17th. The bank reported $2.32 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.10). Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The business had revenue of $591.76 million for the quarter, compared to the consensus estimate of $587.33 million. During the same quarter in the prior year, the firm posted $2.38 earnings per share. The business’s revenue was up 5.6% compared to the same quarter last year. As a group, equities research analysts predict that Wintrust Financial will post 10.11 EPS for the current year.

Wintrust Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were given a dividend of $0.45 per share. The ex-dividend date was Wednesday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.71%. Wintrust Financial’s payout ratio is 18.61%.

Hedge Funds Weigh In On Wintrust Financial

A number of institutional investors have recently modified their holdings of WTFC. Johnson Financial Group Inc. acquired a new position in shares of Wintrust Financial during the 4th quarter worth $25,000. Concord Wealth Partners acquired a new position in shares of Wintrust Financial during the 1st quarter worth $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Wintrust Financial during the 1st quarter worth $27,000. Versant Capital Management Inc increased its holdings in Wintrust Financial by 825.0% in the 2nd quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock worth $29,000 after purchasing an additional 264 shares in the last quarter. Finally, Quent Capital LLC increased its holdings in Wintrust Financial by 120.8% in the 4th quarter. Quent Capital LLC now owns 351 shares of the bank’s stock worth $33,000 after purchasing an additional 192 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Company Profile

Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services.