Wintrust Financial (NASDAQ:WTFC) Given Market Perform Rating at Hovde Group

Hovde Group reissued their market perform rating on shares of Wintrust Financial (NASDAQ:WTFC) in a research note published on Friday, Marketbeat reports. They currently have a $100.00 price target on the bank’s stock.

WTFC has been the subject of a number of other research reports. Stephens reissued an overweight rating and set a $110.00 target price on shares of Wintrust Financial in a research note on Tuesday, April 16th. Royal Bank of Canada upped their price objective on shares of Wintrust Financial from $109.00 to $116.00 and gave the company an outperform rating in a research note on Tuesday, April 9th. Jefferies Financial Group upped their price objective on shares of Wintrust Financial from $114.00 to $120.00 and gave the company a buy rating in a research note on Monday, April 8th. StockNews.com raised shares of Wintrust Financial from a sell rating to a hold rating in a research note on Thursday, April 18th. Finally, Citigroup dropped their price objective on shares of Wintrust Financial from $115.00 to $113.00 and set a buy rating for the company in a research note on Monday, April 22nd. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $111.38.

Wintrust Financial Stock Up 0.3 %

WTFC stock opened at $94.00 on Friday. The stock has a market capitalization of $5.80 billion, a P/E ratio of 9.72 and a beta of 1.19. The firm has a 50-day simple moving average of $97.64 and a 200-day simple moving average of $96.60. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.78. Wintrust Financial has a 52 week low of $67.61 and a 52 week high of $105.29.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Thursday, April 18th. The bank reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.47. The business had revenue of $604.77 million during the quarter, compared to analysts’ expectations of $577.80 million. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.09%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.80 earnings per share. Equities analysts forecast that Wintrust Financial will post 10.14 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were issued a $0.45 dividend. The ex-dividend date was Wednesday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 1.91%. Wintrust Financial’s dividend payout ratio is currently 18.61%.

Hedge Funds Weigh In On Wintrust Financial

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Wintrust Financial by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock worth $673,603,000 after acquiring an additional 244,168 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Wintrust Financial by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,866,032 shares of the bank’s stock worth $265,829,000 after acquiring an additional 80,526 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Wintrust Financial by 4.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,843,679 shares of the bank’s stock worth $171,001,000 after acquiring an additional 79,672 shares during the last quarter. Capital International Investors lifted its holdings in shares of Wintrust Financial by 4.6% in the 1st quarter. Capital International Investors now owns 1,638,085 shares of the bank’s stock worth $171,000,000 after acquiring an additional 72,082 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Wintrust Financial by 54.6% in the 1st quarter. Principal Financial Group Inc. now owns 1,330,263 shares of the bank’s stock worth $138,866,000 after acquiring an additional 469,640 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

About Wintrust Financial

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.