Wintrust Financial Co. (NASDAQ:WTFC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Wintrust Financial Co. (NASDAQ:WTFC) has been given a consensus rating of “Moderate Buy” by the thirteen brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $123.00.

A number of analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Truist Financial raised their price target on Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Raymond James boosted their price objective on Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 23rd. Piper Sandler raised their target price on Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Wedbush reiterated an “outperform” rating and set a $130.00 price target on shares of Wintrust Financial in a report on Tuesday, October 22nd.

Wintrust Financial Trading Down 0.4 %

Wintrust Financial stock opened at $138.01 on Friday. Wintrust Financial has a one year low of $84.96 and a one year high of $142.04. The company’s fifty day moving average price is $119.10 and its two-hundred day moving average price is $107.48. The company has a market capitalization of $9.18 billion, a price-to-earnings ratio of 14.45 and a beta of 1.15. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). The company had revenue of $615.73 million during the quarter, compared to the consensus estimate of $623.45 million. Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.53 earnings per share. On average, analysts forecast that Wintrust Financial will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, November 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.30%. Wintrust Financial’s dividend payout ratio (DPR) is currently 18.85%.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, insider Richard B. Murphy sold 4,099 shares of the company’s stock in a transaction on 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 represents a 8.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO David A. Dykstra sold 15,492 shares of Wintrust Financial stock in a transaction 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 transaction, the chief operating officer now directly owns 197,591 shares of the company’s stock, valued at approximately $22,817,808.68. The trade was a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,198 shares of company stock valued at $2,445,314 over the last quarter. 1.47% of the stock is owned by company insiders.

Institutional Trading of Wintrust Financial

Several large investors have recently added to or reduced their stakes in the company. Choreo LLC bought a new stake in Wintrust Financial during the 2nd quarter worth approximately $1,115,000. Allspring Global Investments Holdings LLC boosted its stake in Wintrust Financial by 7.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 203,285 shares of the bank’s stock worth $22,063,000 after purchasing an additional 14,699 shares in the last quarter. LMR Partners LLP acquired a new stake in shares of Wintrust Financial in the third quarter valued at $499,000. Westfield Capital Management Co. LP increased its stake in shares of Wintrust Financial by 13.8% in the third quarter. Westfield Capital Management Co. LP now owns 237,311 shares of the bank’s stock valued at $25,755,000 after buying an additional 28,727 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Wintrust Financial by 2.7% in the second quarter. Raymond James & Associates now owns 207,944 shares of the bank’s stock valued at $20,495,000 after buying an additional 5,563 shares during the last quarter. 93.48% of the stock is owned by institutional investors.

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.