Wintrust Financial Corporation (NASDAQ:WTFC) Stock Has Consensus Price Target of $175.14 According to Brokerages

Shares of Wintrust Financial Corporation (NASDAQ:WTFC) have earned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $175.50.

A number of equities analysts recently issued reports on the company. Capital One Financial set a $170.00 target price on Wintrust Financial in a research note on Tuesday, July 21st. Raymond James Financial set a $165.00 target price on Wintrust Financial in a research note on Wednesday, October 21st. TD Cowen raised their price target on Wintrust Financial from $173.00 to $174.00 and gave the stock a “buy” rating in a research report on Wednesday, October 21st. Truist Financial cut their target price on shares of Wintrust Financial from $183.00 to $175.00 and set a “buy” rating on the stock in a research note on Monday, October 26th. Finally, UBS Group upgraded shares of Wintrust Financial from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $160.00 to $180.00 in a report on Thursday, October 29th.

Wintrust Financial Trading Down 1.3%

WTFC opened at $155.37 on Friday. The firm has a market cap of $10.48 billion, a P/E ratio of 11.91, a P/E/G ratio of 1.15 and a beta of 0.86. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average of $148.19 and a 200 day moving average of $150.31. Wintrust Financial has a 12 month low of $122.00 and a 12 month high of $167.21.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Monday, October 19th. The bank reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.06. Wintrust Financial had a return on equity of 13.31% and a net margin of 21.03%. The firm had revenue of $757.88 million for the quarter, compared to the consensus estimate of $754.54 million. During the same period in the prior year, the business posted $3.06 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts forecast that Wintrust Financial will post 13.29 EPS for the current year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 5th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, November 5th. Wintrust Financial’s dividend payout ratio is presently 16.87%.

Insiders Place Their Bets

In other news, insider Richard B. Murphy sold 7,136 shares of the company’s stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $148.66, for a total transaction of $1,060,837.76. Following the transaction, the insider directly owned 30,107 shares of the company’s stock, valued at $4,475,706.62. This represents a 19.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO David A. Dykstra sold 13,515 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following the transaction, the chief operating officer owned 166,449 shares in the company, valued at $27,092,903.73. The trade was a 7.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.24% of the company’s stock.

Hedge Funds Weigh In On Wintrust Financial

Several hedge funds have recently bought and sold shares of WTFC. North Dakota State Investment Board grew its holdings in shares of Wintrust Financial by 3.5% during the 3rd quarter. North Dakota State Investment Board now owns 2,032 shares of the bank’s stock worth $288,000 after purchasing an additional 69 shares during the period. Parallel Advisors LLC raised its holdings in Wintrust Financial by 7.7% in the first quarter. Parallel Advisors LLC now owns 976 shares of the bank’s stock valued at $136,000 after buying an additional 70 shares during the period. HB Wealth Management LLC raised its holdings in Wintrust Financial by 4.6% in the second quarter. HB Wealth Management LLC now owns 2,072 shares of the bank’s stock valued at $333,000 after buying an additional 91 shares during the period. Compound Planning Inc. boosted its position in Wintrust Financial by 5.3% during the 1st quarter. Compound Planning Inc. now owns 1,868 shares of the bank’s stock worth $260,000 after purchasing an additional 94 shares during the period. Finally, Clearwater Capital Advisors LLC raised its position in Wintrust Financial by 7.3% in the first quarter. Clearwater Capital Advisors LLC now owns 1,596 shares of the bank’s stock valued at $222,000 after purchasing an additional 109 shares during the period. 93.48% of the stock is owned by hedge funds and other institutional investors.

About Wintrust Financial

Wintrust Financial Corporation (NASDAQ: WTFC) is a financial holding company headquartered in Rosemont, Illinois. Through its network of community banking subsidiaries, the company provides banking and financial services to individuals, families, businesses and institutions.

Its offerings include checking and savings accounts, commercial and consumer lending, residential mortgages, treasury management, cash management and other deposit services. Wintrust also provides wealth management, investment services, insurance-related products and specialized finance solutions, including equipment finance and premium finance.

Founded in 1991, Wintrust has built its business through a community banking model that combines local decision-making and relationship-based service with the resources of a larger financial organization.