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

Shares of Wintrust Financial Co. (NASDAQ:WTFC) have been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $123.00.

WTFC has been the subject of a number of recent research reports. Raymond James raised their price objective on shares of Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 23rd. Stephens reissued an “overweight” rating and issued a $115.00 price target on shares of Wintrust Financial in a report on Thursday, July 18th. Piper Sandler increased their price objective on Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Wedbush reiterated an “outperform” rating and set a $130.00 price objective on shares of Wintrust Financial in a research report on Tuesday, October 22nd. Finally, Citigroup upped their target price on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, CFO David L. Stoehr sold 1,607 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $113.46, for a total transaction of $182,330.22. Following the completion of the sale, the chief financial officer now directly owns 14,874 shares in the company, valued at $1,687,604.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO David L. Stoehr sold 1,607 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total value of $182,330.22. Following the completion of the sale, the chief financial officer now owns 14,874 shares of the company’s stock, valued at $1,687,604.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard B. Murphy sold 4,099 shares of Wintrust Financial stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total transaction of $473,967.37. Following the transaction, the insider now owns 42,311 shares in the company, valued at $4,892,420.93. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,198 shares of company stock worth $2,445,314. 1.47% of the stock is owned by insiders.

Institutional Investors Weigh In On Wintrust Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Wintrust Financial by 3.9% during 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Wintrust Financial by 5.1% during the second quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank’s stock valued at $297,376,000 after purchasing an additional 146,090 shares during the period. Principal Financial Group Inc. lifted its position in shares of Wintrust Financial by 11.3% during the third quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock worth $141,981,000 after purchasing an additional 133,311 shares in the last quarter. F M Investments LLC purchased a new position in shares of Wintrust Financial in the second quarter valued at $11,850,000. Finally, Van Lanschot Kempen Investment Management N.V. grew its holdings in Wintrust Financial by 15.5% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 630,824 shares of the bank’s stock valued at $62,174,000 after purchasing an additional 84,687 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Up 1.6 %

Wintrust Financial stock opened at $115.15 on Wednesday. Wintrust Financial has a fifty-two week low of $76.67 and a fifty-two week high of $118.69. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 12.06 and a beta of 1.15. The stock’s fifty day moving average is $109.11 and its two-hundred day moving average is $103.18. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). The business had revenue of $615.73 million during the quarter, compared to analyst estimates of $623.45 million. Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. Wintrust Financial’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.53 earnings per share. Analysts predict that Wintrust Financial will post 10.13 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Thursday, November 7th. Wintrust Financial’s dividend payout ratio (DPR) is currently 18.85%.

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.