Analysts Set Wintrust Financial Co. (NASDAQ:WTFC) PT at $112.92

Shares of Wintrust Financial Co. (NASDAQ:WTFC) have been given an average rating of “Buy” by the ten ratings firms that are currently covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $112.33.

A number of research analysts have recently commented on WTFC shares. Raymond James upped their price objective on shares of Wintrust Financial from $95.00 to $115.00 and gave the company a “strong-buy” rating in a research report on Friday, January 19th. Keefe, Bruyette & Woods increased their price target on shares of Wintrust Financial from $103.00 to $106.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. StockNews.com raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 18th. Barclays dropped their price target on shares of Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Stephens reissued an “overweight” rating and issued a $110.00 price target on shares of Wintrust Financial in a research report on Tuesday, April 16th.

Insider Transactions at Wintrust Financial

In other news, insider Edward J. Wehmer sold 9,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the completion of the sale, the insider now owns 177,124 shares of the company’s stock, valued at $17,599,040.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Jeffrey D. Hahnfeld sold 588 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total transaction of $57,553.44. Following the sale, the executive vice president now directly owns 3,410 shares of the company’s stock, valued at $333,770.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward J. Wehmer sold 9,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the completion of the transaction, the insider now directly owns 177,124 shares in the company, valued at $17,599,040.64. The disclosure for this sale can be found here. Company insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On Wintrust Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James & Associates boosted its stake in Wintrust Financial by 46.5% in the first quarter. Raymond James & Associates now owns 202,381 shares of the bank’s stock valued at $21,127,000 after acquiring an additional 64,256 shares during the last quarter. State of Michigan Retirement System raised its holdings in Wintrust Financial by 2.7% in the first quarter. State of Michigan Retirement System now owns 15,063 shares of the bank’s stock worth $1,572,000 after purchasing an additional 400 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Wintrust Financial by 157.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 190,416 shares of the bank’s stock worth $19,878,000 after acquiring an additional 116,503 shares during the period. Oliver Luxxe Assets LLC raised its holdings in shares of Wintrust Financial by 1.7% during the first quarter. Oliver Luxxe Assets LLC now owns 9,290 shares of the bank’s stock worth $970,000 after acquiring an additional 157 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Wintrust Financial by 8.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,234 shares of the bank’s stock worth $651,000 after acquiring an additional 498 shares during the period. 93.48% of the stock is owned by institutional investors.

Wintrust Financial Stock Up 2.0 %

WTFC stock opened at $99.30 on Friday. The company has a 50-day moving average of $98.25 and a two-hundred day moving average of $91.16. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 10.27 and a beta of 1.21. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.98 and a quick ratio of 0.97. Wintrust Financial has a 52-week low of $58.12 and a 52-week high of $105.29.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.47. The business had revenue of $604.77 million during the quarter, compared to analyst estimates of $577.80 million. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.09%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.80 earnings per share. As a group, equities research analysts anticipate that Wintrust Financial will post 10.02 EPS for the current year.

Wintrust Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were issued a dividend of $0.45 per share. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, February 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.81%. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.61%.

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.