Wintrust Financial Co. (NASDAQ:WTFC) Receives $133.69 Consensus Price Target from Analysts

Wintrust Financial Co. (NASDAQ:WTFC) has been assigned a consensus recommendation of “Buy” from the thirteen analysts that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $133.69.

A number of research analysts have commented on WTFC shares. UBS Group initiated coverage on shares of Wintrust Financial in a research report on Tuesday, December 17th. They set a “buy” rating and a $157.00 target price on the stock. Barclays lifted their price objective on shares of Wintrust Financial from $151.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a $152.00 price objective on shares of Wintrust Financial in a research note on Thursday, January 23rd. Raymond James reaffirmed a “strong-buy” rating and set a $150.00 target price (up previously from $135.00) on shares of Wintrust Financial in a research report on Thursday, January 23rd. Finally, Piper Sandler boosted their price target on Wintrust Financial from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd.

Wintrust Financial Stock Down 0.4 %

Shares of NASDAQ:WTFC opened at $95.89 on Friday. The business’s 50 day moving average is $119.64 and its 200 day moving average is $122.35. The stock has a market cap of $6.40 billion, a P/E ratio of 9.30 and a beta of 0.94. Wintrust Financial has a 52-week low of $89.10 and a 52-week high of $142.04. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same quarter in the prior year, the business posted $1.87 EPS. Sell-side analysts predict that Wintrust Financial will post 10.36 EPS for the current year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Thursday, May 8th. Wintrust Financial’s payout ratio is currently 19.40%.

Insiders Place Their Bets

In other Wintrust Financial news, COO David A. Dykstra sold 4,213 shares of Wintrust Financial stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $131.31, for a total transaction of $553,209.03. Following the completion of the sale, the chief operating officer now owns 206,294 shares of the company’s stock, valued at approximately $27,088,465.14. The trade was a 2.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO David L. Stoehr sold 2,363 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $131.32, for a total value of $310,309.16. Following the sale, the chief financial officer now owns 19,858 shares in the company, valued at approximately $2,607,752.56. The trade was a 10.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,178 shares of company stock valued at $1,336,315. Insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On Wintrust Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Millstone Evans Group LLC purchased a new stake in shares of Wintrust Financial in the 4th quarter valued at $43,000. Global Retirement Partners LLC boosted its holdings in Wintrust Financial by 63.5% in the fourth quarter. Global Retirement Partners LLC now owns 376 shares of the bank’s stock valued at $47,000 after purchasing an additional 146 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Wintrust Financial by 32.1% in the fourth quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock valued at $67,000 after purchasing an additional 131 shares during the last quarter. Quarry LP acquired a new stake in Wintrust Financial during the 4th quarter worth about $78,000. Finally, UMB Bank n.a. raised its stake in shares of Wintrust Financial by 32.2% during the 4th quarter. UMB Bank n.a. now owns 677 shares of the bank’s stock valued at $84,000 after buying an additional 165 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

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.