Brokerages Set Wintrust Financial Co. (NASDAQ:WTFC) PT at $117.85

Shares of Wintrust Financial Co. (NASDAQ:WTFC) have been assigned an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $117.85.

Several brokerages recently commented on WTFC. Keefe, Bruyette & Woods downgraded shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $110.00 to $115.00 in a research report on Friday, July 19th. Truist Financial boosted their price objective on shares of Wintrust Financial from $107.00 to $118.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Hovde Group reiterated a “market perform” rating and set a $100.00 target price on shares of Wintrust Financial in a research note on Friday, June 21st. Royal Bank of Canada boosted their price target on Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 9th. Finally, Wedbush increased their price objective on Wintrust Financial from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WTFC. American Trust increased its holdings in Wintrust Financial by 21.3% in the 2nd quarter. American Trust now owns 2,741 shares of the bank’s stock worth $270,000 after acquiring an additional 482 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Wintrust Financial during the 2nd quarter valued at $1,018,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Wintrust Financial during the 2nd quarter valued at $555,000. Clearbridge Investments LLC boosted its holdings in Wintrust Financial by 1.2% in the 2nd quarter. Clearbridge Investments LLC now owns 246,742 shares of the bank’s stock worth $24,319,000 after buying an additional 2,991 shares during the period. Finally, EP Wealth Advisors LLC bought a new position in Wintrust Financial in the 2nd quarter worth $367,000. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Trading Up 2.2 %

NASDAQ:WTFC opened at $110.20 on Tuesday. The firm has a market capitalization of $6.81 billion, a P/E ratio of 11.40 and a beta of 1.16. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.99 and a quick ratio of 0.99. Wintrust Financial has a one year low of $71.86 and a one year high of $113.68. The company’s 50-day simple moving average is $104.62 and its 200 day simple moving average is $100.45.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Wednesday, July 17th. The bank reported $2.32 earnings per share for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.10). Wintrust Financial had a net margin of 17.02% and a return on equity of 12.71%. The company had revenue of $591.76 million for the quarter, compared to the consensus estimate of $587.33 million. During the same period last year, the business earned $2.38 EPS. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, analysts forecast that Wintrust Financial will post 10.11 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Thursday, August 8th. Wintrust Financial’s dividend payout ratio is presently 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.