Wintrust Financial Co. (NASDAQ:WTFC) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Wintrust Financial Co. (NASDAQ:WTFC) have received a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $128.00.

A number of research analysts have issued reports on WTFC shares. Piper Sandler lifted their target price on Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Truist Financial upped their price objective on shares of Wintrust Financial from $123.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Barclays raised their target price on shares of Wintrust Financial from $130.00 to $151.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Citigroup upped their price target on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Raymond James raised their price objective on Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 23rd.

Insider Activity at Wintrust Financial

In related news, CFO David L. Stoehr sold 1,607 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total transaction of $182,330.22. Following the transaction, the chief financial officer now owns 14,874 shares in the company, valued at $1,687,604.04. The trade was a 9.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard B. Murphy sold 4,099 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total transaction of $473,967.37. Following the completion of the sale, the insider now owns 42,311 shares of the company’s stock, valued at $4,892,420.93. The trade was a 8.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,198 shares of company stock worth $2,445,314 over the last quarter. Company insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On Wintrust Financial

Institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. grew its holdings in shares of Wintrust Financial by 11.3% during the third quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock valued at $141,981,000 after buying an additional 133,311 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in shares of Wintrust Financial by 6.2% in the 3rd quarter. Lord Abbett & CO. LLC now owns 286,341 shares of the bank’s stock worth $31,076,000 after acquiring an additional 16,668 shares in the last quarter. Retirement Systems of Alabama raised its holdings in shares of Wintrust Financial by 6.0% in the third quarter. Retirement Systems of Alabama now owns 80,782 shares of the bank’s stock valued at $8,767,000 after purchasing an additional 4,562 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Wintrust Financial by 2.0% during the third quarter. Tidal Investments LLC now owns 8,656 shares of the bank’s stock valued at $939,000 after purchasing an additional 172 shares in the last quarter. Finally, World Investment Advisors LLC boosted its holdings in Wintrust Financial by 16.8% during the third quarter. World Investment Advisors LLC now owns 2,479 shares of the bank’s stock worth $269,000 after purchasing an additional 356 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Performance

NASDAQ WTFC opened at $124.41 on Thursday. The firm’s 50 day simple moving average is $127.83 and its 200 day simple moving average is $112.24. The firm has a market capitalization of $8.27 billion, a price-to-earnings ratio of 13.03 and a beta of 1.18. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73. Wintrust Financial has a 1 year low of $89.68 and a 1 year high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The business had revenue of $615.73 million during the quarter, compared to analyst estimates of $623.45 million. During the same period in the prior year, the business posted $2.53 EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, research analysts expect that Wintrust Financial will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Thursday, November 7th. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.85%.

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.