Brokerages Set Wintrust Financial Corporation (NASDAQ:WTFC) PT at $165.31

Shares of Wintrust Financial Corporation (NASDAQ:WTFC) have been assigned an average recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $165.3077.

WTFC has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Wintrust Financial in a report on Wednesday, January 21st. Barclays lifted their price target on shares of Wintrust Financial from $178.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Truist Financial increased their price objective on Wintrust Financial from $158.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Stephens lifted their target price on Wintrust Financial from $158.00 to $162.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Finally, Piper Sandler increased their price target on Wintrust Financial from $161.00 to $184.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd.

Wintrust Financial Price Performance

WTFC opened at $144.06 on Tuesday. The business has a fifty day moving average of $148.50 and a 200 day moving average of $138.24. The stock has a market cap of $9.65 billion, a P/E ratio of 12.64 and a beta of 0.88. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. Wintrust Financial has a 52-week low of $89.10 and a 52-week high of $162.96.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Tuesday, January 20th. The bank reported $3.15 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.22. The business had revenue of $714.26 million during the quarter, compared to the consensus estimate of $700.85 million. Wintrust Financial had a return on equity of 12.95% and a net margin of 19.48%.During the same period last year, the company earned $2.63 earnings per share. As a group, sell-side analysts anticipate that Wintrust Financial will post 10.36 EPS for the current year.

Wintrust Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were given a dividend of $0.55 per share. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. Wintrust Financial’s payout ratio is 19.30%.

Insiders Place Their Bets

In related news, CFO David L. Stoehr sold 2,499 shares of Wintrust Financial stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $146.16, for a total transaction of $365,253.84. Following the transaction, the chief financial officer directly owned 18,638 shares of the company’s stock, valued at $2,724,130.08. This trade represents a 11.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider David Eric Lee sold 558 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $147.42, for a total transaction of $82,260.36. Following the completion of the transaction, the insider directly owned 16,085 shares of the company’s stock, valued at $2,371,250.70. This trade represents a 3.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 11,662 shares of company stock worth $1,705,730. 1.01% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Wintrust Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. purchased a new stake in shares of Wintrust Financial during the first quarter valued at about $27,000. Jones Financial Companies Lllp lifted its position in Wintrust Financial by 49.0% during the first quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock valued at $115,000 after acquiring an additional 335 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Wintrust Financial by 7.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank’s stock valued at $20,179,000 after acquiring an additional 12,103 shares in the last quarter. CWM LLC grew its holdings in Wintrust Financial by 13.8% in the second quarter. CWM LLC now owns 1,398 shares of the bank’s stock worth $173,000 after purchasing an additional 169 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its holdings in Wintrust Financial by 1.5% in the second quarter. State of New Jersey Common Pension Fund D now owns 15,866 shares of the bank’s stock worth $1,967,000 after purchasing an additional 229 shares during the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Company Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.