Analysts Set Wintrust Financial Corporation (NASDAQ:WTFC) Target Price at $168.92

Wintrust Financial Corporation (NASDAQ:WTFC) has been assigned an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $168.9167.

Several analysts have issued reports on the stock. Citigroup increased their target price on shares of Wintrust Financial from $178.00 to $182.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Stephens assumed coverage on shares of Wintrust Financial in a report on Friday, March 27th. They set an “equal weight” rating and a $160.00 target price for the company. UBS Group restated a “buy” rating and set a $176.00 price objective on shares of Wintrust Financial in a research report on Wednesday, February 4th. Truist Financial lowered their target price on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Finally, Barclays raised their price objective on Wintrust Financial from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, CFO David L. Stoehr sold 3,020 shares of the firm’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $150.45, for a total value of $454,359.00. Following the completion of the transaction, the chief financial officer owned 13,213 shares of the company’s stock, valued at approximately $1,987,895.85. This trade represents a 18.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO David A. Dykstra sold 9,579 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $148.82, for a total transaction of $1,425,546.78. Following the completion of the sale, the chief operating officer directly owned 179,810 shares of the company’s stock, valued at $26,759,324.20. This represents a 5.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 13,099 shares of company stock worth $1,954,386. 1.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new position in Wintrust Financial in the 3rd quarter valued at about $27,000. Advisors Asset Management Inc. acquired a new stake in Wintrust Financial in the first quarter valued at $27,000. Elyxium Wealth LLC acquired a new position in shares of Wintrust Financial in the 4th quarter worth approximately $31,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of Wintrust Financial by 231.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock valued at $32,000 after buying an additional 160 shares during the period. Finally, Harbour Investments Inc. boosted its position in Wintrust Financial by 72.7% during the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock valued at $34,000 after purchasing an additional 101 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Stock Down 1.3%

NASDAQ:WTFC opened at $144.58 on Friday. The business’s fifty day moving average price is $142.33 and its 200 day moving average price is $142.06. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. Wintrust Financial has a 1-year low of $114.73 and a 1-year high of $162.96. The firm has a market capitalization of $9.75 billion, a price-to-earnings ratio of 12.12 and a beta of 0.86.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, April 20th. The bank reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.26. Wintrust Financial had a net margin of 20.11% and a return on equity of 13.15%. The business had revenue of $713.17 million for the quarter, compared to analyst estimates of $707.23 million. During the same period in the prior year, the business posted $2.69 earnings per share. Wintrust Financial’s revenue was up 10.9% compared to the same quarter last year. On average, sell-side analysts forecast that Wintrust Financial will post 13.07 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.5%. The ex-dividend date is Thursday, May 14th. Wintrust Financial’s payout ratio is 18.44%.

Wintrust Financial Company Profile

Wintrust Financial Corporation is a Chicago?area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid?size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.