Wintrust Financial Co. (NASDAQ:WTFC) Given Consensus Rating of “Buy” by Brokerages

Wintrust Financial Co. (NASDAQ:WTFC) has received a consensus recommendation of “Buy” from the eleven brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $111.08.

Several equities analysts recently issued reports on WTFC shares. Truist Financial reduced their price objective on Wintrust Financial from $117.00 to $112.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Royal Bank of Canada raised their price objective on Wintrust Financial from $109.00 to $116.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Barclays reduced their price objective on Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Hovde Group restated a “market perform” rating and set a $100.00 price objective on shares of Wintrust Financial in a research note on Friday, June 21st. Finally, Jefferies Financial Group dropped their target price on Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a research report on Wednesday.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. UBS Group AG grew its holdings in Wintrust Financial by 61.3% during the third quarter. UBS Group AG now owns 32,210 shares of the bank’s stock worth $2,432,000 after acquiring an additional 12,243 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in Wintrust Financial by 9.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 3,299 shares of the bank’s stock worth $249,000 after acquiring an additional 298 shares during the period. Treasurer of the State of North Carolina grew its holdings in Wintrust Financial by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 26,713 shares of the bank’s stock worth $2,017,000 after acquiring an additional 140 shares during the period. Alps Advisors Inc. acquired a new position in Wintrust Financial during the third quarter worth about $337,000. Finally, Walleye Capital LLC acquired a new position in Wintrust Financial during the third quarter worth about $8,557,000. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Stock Performance

Wintrust Financial stock opened at $98.10 on Thursday. The stock has a market cap of $6.06 billion, a P/E ratio of 10.14 and a beta of 1.18. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.78. The stock has a 50 day moving average of $97.62 and a 200-day moving average of $96.98. Wintrust Financial has a 52 week low of $70.25 and a 52 week high of $105.29.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.47. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. The firm had revenue of $604.77 million for the quarter, compared to analysts’ expectations of $577.80 million. During the same period last year, the business posted $2.80 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts expect that Wintrust Financial will post 10.13 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Wednesday, May 8th. Wintrust Financial’s dividend payout ratio (DPR) is 18.61%.

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.