Wintrust Financial Corporation (NASDAQ:WTFC) Receives $177.77 Average Price Target from Analysts

Shares of Wintrust Financial Corporation (NASDAQ:WTFC) have earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $177.7692.

Several research firms have weighed in on WTFC. Truist Financial raised their target price on Wintrust Financial from $170.00 to $183.00 and gave the company a “buy” rating in a report on Friday, July 10th. Capital One Financial set a $170.00 price target on Wintrust Financial in a research note on Tuesday, July 21st. UBS Group reissued a “neutral” rating and set a $170.00 price objective on shares of Wintrust Financial in a report on Tuesday, July 7th. Citigroup downgraded Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, Raymond James Financial assumed coverage on Wintrust Financial in a report on Tuesday, July 7th. They issued an “outperform” rating and a $180.00 target price for the company.

Wintrust Financial Stock Performance

Shares of WTFC opened at $152.61 on Tuesday. The firm has a market cap of $10.30 billion, a price-to-earnings ratio of 12.26 and a beta of 0.85. The company’s fifty day moving average is $159.92 and its 200-day moving average is $151.31. 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 has a 12 month low of $119.61 and a 12 month high of $167.21.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Monday, July 20th. The bank reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.15. The business had revenue of $738.63 million during the quarter, compared to analyst estimates of $735.36 million. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. Wintrust Financial’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.78 EPS. Equities analysts expect that Wintrust Financial will post 13.04 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were given a $0.55 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. Wintrust Financial’s dividend payout ratio (DPR) is currently 17.67%.

Insider Activity

In related news, COO David A. Dykstra sold 13,515 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total value of $2,199,836.55. Following the transaction, the chief operating officer directly owned 166,449 shares in the company, valued at approximately $27,092,903.73. This trade represents a 7.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.24% of the company’s stock.

Institutional Investors Weigh In On Wintrust Financial

A number of hedge funds have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Wintrust Financial in the 2nd quarter worth approximately $27,000. Advisors Asset Management Inc. bought a new stake in shares of Wintrust Financial in the first quarter valued at approximately $27,000. Elyxium Wealth LLC acquired a new stake in shares of Wintrust Financial in the fourth quarter worth $31,000. Creative Financial Designs Inc. ADV grew its stake in shares of Wintrust Financial by 231.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock worth $32,000 after acquiring an additional 160 shares during the last quarter. Finally, Harbour Investments Inc. grew its stake in shares of Wintrust Financial by 72.7% in the fourth quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after acquiring an additional 101 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors.

About Wintrust Financial

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.