Shares of Wintrust Financial Corp (NASDAQ:WTFC) have been given a consensus rating of “Buy” by the twelve analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $94.00.
A number of equities research analysts recently commented on WTFC shares. Piper Jaffray Companies set a $93.00 price target on Wintrust Financial and gave the company a “buy” rating in a research report on Wednesday, April 17th. Jefferies Financial Group raised Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. Zacks Investment Research upgraded Wintrust Financial from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Thursday, March 28th. BidaskClub upgraded Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Friday, February 22nd. Finally, Wedbush upped their price objective on Wintrust Financial from $79.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th.
Shares of NASDAQ:WTFC traded up $1.14 during trading on Friday, reaching $71.19. 11,092 shares of the stock were exchanged, compared to its average volume of 418,574. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.41. Wintrust Financial has a 1-year low of $61.53 and a 1-year high of $97.56. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 0.81 and a beta of 0.97.
Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Monday, April 15th. The bank reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). The company had revenue of $343.64 million during the quarter, compared to analysts’ expectations of $345.03 million. Wintrust Financial had a net margin of 21.95% and a return on equity of 11.28%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.40 earnings per share. Equities research analysts anticipate that Wintrust Financial will post 6.62 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.40%. Wintrust Financial’s dividend payout ratio (DPR) is presently 17.06%.
A number of large investors have recently made changes to their positions in the business. FMR LLC lifted its holdings in Wintrust Financial by 49.3% during the 1st quarter. FMR LLC now owns 988,775 shares of the bank’s stock worth $66,574,000 after purchasing an additional 326,602 shares in the last quarter. BlueMountain Capital Management LLC lifted its holdings in Wintrust Financial by 475.7% during the 1st quarter. BlueMountain Capital Management LLC now owns 91,209 shares of the bank’s stock worth $6,141,000 after purchasing an additional 75,367 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Wintrust Financial by 11.6% during the 1st quarter. HighTower Advisors LLC now owns 12,089 shares of the bank’s stock worth $813,000 after purchasing an additional 1,259 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in Wintrust Financial during the 1st quarter worth about $1,283,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in Wintrust Financial by 12.0% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,696 shares of the bank’s stock worth $107,000 after purchasing an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 88.33% of the company’s stock.
About Wintrust Financial
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.
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