Brokerages Set Wintrust Financial Corporation (NASDAQ:WTFC) Target Price at $168.92

Wintrust Financial Corporation (NASDAQ:WTFC) has received an average rating of “Moderate Buy” from the thirteen brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $168.9167.

A number of equities research analysts recently commented on WTFC shares. DA Davidson reissued a “buy” rating and issued a $165.00 price target on shares of Wintrust Financial in a research report on Tuesday, April 21st. Stephens started coverage on Wintrust Financial in a research report on Friday, March 27th. They issued an “equal weight” rating and a $160.00 price target for the company. Citigroup increased their price target on Wintrust Financial from $178.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. TD Cowen increased their price target on Wintrust Financial from $173.00 to $176.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, Royal Bank Of Canada increased their price target on Wintrust Financial from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC opened at $151.59 on Thursday. The firm has a market capitalization of $10.22 billion, a price-to-earnings ratio of 12.71 and a beta of 0.85. The stock’s 50 day moving average is $147.20 and its 200-day moving average is $144.52. Wintrust Financial has a twelve month low of $116.57 and a twelve month high of $162.96. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Monday, April 20th. The bank reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $2.96 by $0.26. The business had revenue of $713.17 million during the quarter, compared to analyst estimates of $707.23 million. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.Wintrust Financial’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.69 EPS. Sell-side analysts forecast that Wintrust Financial will post 13.07 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, May 14th. Wintrust Financial’s dividend payout ratio is presently 18.44%.

Insider Activity at Wintrust Financial

In other news, Director Suzet M. Mckinney sold 500 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $148.96, for a total transaction of $74,480.00. Following the completion of the sale, the director directly owned 3,303 shares of the company’s stock, valued at $492,014.88. This trade represents a 13.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO David L. Stoehr sold 3,020 shares of the firm’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $150.45, for a total value of $454,359.00. Following the sale, the chief financial officer directly owned 13,213 shares of the company’s stock, valued at approximately $1,987,895.85. This represents a 18.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 13,099 shares of company stock valued at $1,954,386. 1.24% of the stock is owned by insiders.

Institutional Investors Weigh In On Wintrust Financial

Several large investors have recently made changes to their positions in WTFC. Advisors Asset Management Inc. purchased a new stake in shares of Wintrust Financial during the 1st quarter valued at $27,000. Jones Financial Companies Lllp increased its position in shares of Wintrust Financial by 49.0% during the 1st quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock valued at $115,000 after purchasing an additional 335 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Wintrust Financial by 7.2% during the 1st 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 purchasing an additional 12,103 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Wintrust Financial by 400.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 400 shares of the bank’s stock valued at $50,000 after purchasing an additional 320 shares during the last quarter. Finally, Cerity Partners LLC increased its position in shares of Wintrust Financial by 1.6% during the 2nd quarter. Cerity Partners LLC now owns 23,120 shares of the bank’s stock valued at $2,866,000 after purchasing an additional 355 shares during the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.

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.