Wintrust Financial (NASDAQ:WTFC) Price Target Raised to $155.00

Wintrust Financial (NASDAQ:WTFC) had its price objective boosted by Barclays from $151.00 to $155.00 in a research note released on Thursday,Benzinga reports. Barclays currently has an overweight rating on the bank’s stock.

Other analysts have also recently issued research reports about the company. Citigroup upped their price objective on Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. DA Davidson raised their price objective on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Raymond James boosted their price target on Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 23rd. Wedbush reissued an “outperform” rating and set a $130.00 price objective on shares of Wintrust Financial in a report on Tuesday, October 22nd. Finally, Piper Sandler increased their target price on Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.69.

Wintrust Financial Price Performance

WTFC opened at $131.79 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01. Wintrust Financial has a 52-week low of $89.68 and a 52-week high of $142.04. The stock has a market capitalization of $8.76 billion, a PE ratio of 12.78 and a beta of 1.20. The stock’s 50 day moving average price is $131.10 and its 200-day moving average price is $116.81.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, topping the consensus estimate of $2.52 by $0.11. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same quarter last year, the company earned $1.87 EPS. On average, equities research analysts predict that Wintrust Financial will post 10.17 EPS for the current year.

Wintrust Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Thursday, February 6th. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.45. Wintrust Financial’s dividend payout ratio is 17.46%.

Insider Transactions at Wintrust Financial

In other Wintrust Financial news, COO David A. Dykstra sold 15,492 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total value of $1,789,016.16. Following the sale, the chief operating officer now directly owns 197,591 shares of the company’s stock, valued at approximately $22,817,808.68. This represents a 7.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Richard B. Murphy sold 4,099 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total value of $473,967.37. Following the sale, the insider now directly owns 42,311 shares in the company, valued at $4,892,420.93. This trade represents a 8.83 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.47% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in Wintrust Financial during the third quarter worth about $35,000. UMB Bank n.a. boosted its holdings in Wintrust Financial by 62.0% in the third quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after acquiring an additional 196 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Wintrust Financial in the 3rd quarter valued at about $61,000. Versant Capital Management Inc lifted its position in Wintrust Financial by 32.1% during the fourth quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock valued at $67,000 after buying an additional 131 shares in the last quarter. Finally, Covestor Ltd boosted its position in Wintrust Financial by 77.9% during the 3rd quarter. Covestor Ltd now owns 653 shares of the bank’s stock worth $71,000 after purchasing an additional 286 shares during the period. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Company Profile

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.