Wintrust Financial Corporation (NASDAQ:WTFC) Receives $177.77 Consensus Price Target from Brokerages

Shares of Wintrust Financial Corporation (NASDAQ:WTFC) have been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $177.7692.

Several equities analysts have commented on WTFC shares. Citigroup lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Weiss Ratings restated a “buy (b)” rating on shares of Wintrust Financial in a report on Monday, June 29th. Brean Capital cut shares of Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 target price on the stock. in a research report on Tuesday, July 21st. Truist Financial upped their target price on shares of Wintrust Financial from $170.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $170.00 price target on shares of Wintrust Financial in a report on Tuesday, July 7th.

Insider Activity

In other news, COO David Dykstra sold 13,515 shares of Wintrust Financial stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $162.77, for a total value of $2,199,836.55. Following the completion of the transaction, the chief operating officer owned 166,449 shares in the company, valued at approximately $27,092,903.73. The trade was a 7.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.24% of the stock is owned by insiders.

Institutional Trading of Wintrust Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Wintrust Financial in the second quarter worth approximately $27,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Wintrust Financial in the second quarter valued at about $36,000. Elyxium Wealth LLC acquired a new stake in Wintrust Financial in the fourth quarter worth about $31,000. Creative Financial Designs Inc. ADV boosted its holdings in Wintrust Financial by 231.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock worth $32,000 after acquiring an additional 160 shares in the last quarter. Finally, Harbour Investments Inc. boosted its holdings in Wintrust Financial by 72.7% in the fourth quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after acquiring an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Down 0.1%

Shares of WTFC opened at $151.99 on Friday. The stock has a market capitalization of $10.25 billion, a price-to-earnings ratio of 12.21 and a beta of 0.84. Wintrust Financial has a 1 year low of $119.61 and a 1 year high of $167.21. The business’s 50 day simple moving average is $157.62 and its 200-day simple moving average is $151.02. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.15. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The firm had revenue of $738.63 million during the quarter, compared to analyst estimates of $735.36 million. During the same period last year, the firm posted $2.78 earnings per share. Wintrust Financial’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, equities analysts expect that Wintrust Financial will post 13.04 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, August 6th. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. Wintrust Financial’s dividend payout ratio is 17.67%.

About Wintrust Financial

Wintrust Financial Corporation (NASDAQ: WTFC) is a financial services company and bank holding company headquartered in Rosemont, Illinois. Founded in 1991, the company operates a network of community banks that serve individuals, families, businesses and institutions.

Wintrust’s banking operations provide deposit accounts, commercial and consumer lending, mortgage financing, treasury management, payment services and other traditional banking products. Through specialized subsidiaries and affiliated businesses, the company also offers wealth management, investment services, insurance premium financing, equipment leasing and related financial solutions.

The company primarily serves communities in the greater Chicago metropolitan area and has expanded its banking presence into surrounding Midwestern markets, including parts of Wisconsin and Indiana.