Wintrust Financial (NASDAQ:WTFC) Given New $160.00 Price Target at Jefferies Financial Group

Wintrust Financial (NASDAQ:WTFC) had its price target decreased by Jefferies Financial Group from $165.00 to $160.00 in a research report report published on Tuesday, MarketBeat Ratings reports. Jefferies Financial Group currently has a buy rating on the bank’s stock.

A number of other brokerages have also commented on WTFC. Barclays reissued an “overweight” rating and set a $175.00 price target on shares of Wintrust Financial in a report on Wednesday, October 8th. Cowen initiated coverage on Wintrust Financial in a report on Wednesday, September 24th. They set a “buy” rating on the stock. Truist Financial raised their price target on Wintrust Financial from $137.00 to $151.00 and gave the company a “buy” rating in a report on Thursday, July 24th. TD Cowen initiated coverage on Wintrust Financial in a report on Thursday, September 25th. They set a “buy” rating and a $166.00 target price on the stock. Finally, DA Davidson lifted their target price on Wintrust Financial from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Wintrust Financial has a consensus rating of “Moderate Buy” and an average price target of $150.92.

Wintrust Financial Price Performance

Shares of WTFC opened at $129.41 on Tuesday. The firm has a market capitalization of $8.66 billion, a price-to-earnings ratio of 11.89 and a beta of 0.83. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. Wintrust Financial has a one year low of $89.10 and a one year high of $142.04. The stock’s fifty day moving average is $132.53 and its 200-day moving average is $124.17.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Monday, October 20th. The bank reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.63 by $0.43. The company had revenue of $697.84 million for the quarter, compared to analyst estimates of $689.10 million. Wintrust Financial had a return on equity of 13.05% and a net margin of 18.85%.During the same period last year, the company earned $2.47 earnings per share. Equities analysts anticipate that Wintrust Financial will post 10.36 EPS for the current year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 7th. Wintrust Financial’s payout ratio is presently 18.92%.

Insider Transactions at Wintrust Financial

In related news, COO David A. Dykstra sold 14,942 shares of Wintrust Financial stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $131.53, for a total value of $1,965,321.26. Following the transaction, the chief operating officer owned 182,208 shares of the company’s stock, valued at approximately $23,965,818.24. This trade represents a 7.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Edward J. Wehmer purchased 3,919 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The stock was bought at an average cost of $26.35 per share, for a total transaction of $103,265.65. Following the purchase, the insider directly owned 3,919 shares in the company, valued at $103,265.65. This represents a ? increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.01% of the company’s stock.

Hedge Funds Weigh In On Wintrust Financial

A number of institutional investors have recently bought and sold shares of WTFC. GAMMA Investing LLC increased its stake in Wintrust Financial by 89.8% in the 1st quarter. GAMMA Investing LLC now owns 2,384 shares of the bank’s stock worth $268,000 after purchasing an additional 1,128 shares in the last quarter. SG Americas Securities LLC purchased a new position in Wintrust Financial during the 1st quarter valued at about $403,000. Wealth Enhancement Advisory Services LLC grew its stake in Wintrust Financial by 27.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,612 shares of the bank’s stock valued at $856,000 after acquiring an additional 1,655 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Wintrust Financial by 1,132.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 1,639 shares of the bank’s stock valued at $184,000 after acquiring an additional 1,506 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in Wintrust Financial by 8.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,885 shares of the bank’s stock valued at $1,449,000 after acquiring an additional 957 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

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.