Wintrust Financial Co. (NASDAQ:WTFC) Receives $128.00 Average PT from Analysts

Wintrust Financial Co. (NASDAQ:WTFC) has been given an average rating of “Moderate Buy” by the thirteen analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $128.00.

WTFC has been the topic of several research analyst reports. Truist Financial boosted their price target on shares of Wintrust Financial from $123.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. UBS Group initiated coverage on Wintrust Financial in a research report on Tuesday, December 17th. They issued a “buy” rating and a $157.00 target price on the stock. Raymond James raised their price target on Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 23rd. Wedbush reaffirmed an “outperform” rating and set a $130.00 price objective on shares of Wintrust Financial in a report on Tuesday, October 22nd. Finally, DA Davidson raised their target price on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd.

Wintrust Financial Stock Performance

NASDAQ WTFC opened at $124.71 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. Wintrust Financial has a twelve month low of $89.68 and a twelve month high of $142.04. The business has a 50-day moving average price of $128.48 and a 200-day moving average price of $112.77. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of 13.06 and a beta of 1.18.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing the consensus estimate of $2.50 by ($0.03). The business had revenue of $615.73 million during the quarter, compared to the consensus estimate of $623.45 million. Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.53 earnings per share. As a group, equities research analysts predict that Wintrust Financial will post 10.12 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th were issued a $0.45 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.44%. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.85%.

Insider Buying and Selling

In other Wintrust Financial news, COO David A. Dykstra sold 15,492 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was 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 owns 197,591 shares of the company’s stock, valued at $22,817,808.68. This represents a 7.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Richard B. Murphy sold 4,099 shares of Wintrust Financial 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 owns 42,311 shares of the company’s stock, valued at approximately $4,892,420.93. This trade represents a 8.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,198 shares of company stock valued at $2,445,314. Company insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On Wintrust Financial

Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in shares of Wintrust Financial by 14.1% during the third quarter. FMR LLC now owns 5,153,999 shares of the bank’s stock valued at $559,364,000 after acquiring an additional 637,072 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Wintrust Financial by 36.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank’s stock valued at $87,132,000 after purchasing an additional 213,559 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Wintrust Financial by 5.1% during the 2nd 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 in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Wintrust Financial by 11.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock worth $141,981,000 after buying an additional 133,311 shares during the period. Finally, State Street Corp grew its position in shares of Wintrust Financial by 5.1% during the 3rd quarter. State Street Corp now owns 2,627,561 shares of the bank’s stock worth $285,169,000 after buying an additional 126,724 shares in the last quarter. 93.48% of the stock is currently 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.