Wintrust Financial Corporation (NASDAQ:WTFC) Receives $163.62 Average Target Price from Brokerages

Shares of Wintrust Financial Corporation (NASDAQ:WTFC) have earned an average rating of “Moderate Buy” from the fourteen research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $163.6154.

WTFC has been the topic of a number of analyst reports. Truist Financial lowered their target price on Wintrust Financial from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. TD Cowen increased their target price on Wintrust Financial from $170.00 to $177.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Citigroup increased their target price on Wintrust Financial from $167.00 to $178.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Piper Sandler increased their target price on Wintrust Financial from $161.00 to $184.00 and gave the company an “overweight” rating in a report on Thursday, January 22nd. Finally, DA Davidson increased their price target on Wintrust Financial from $165.00 to $172.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC opened at $148.17 on Wednesday. The business’s fifty day moving average price is $143.14 and its two-hundred day moving average price is $139.51. The stock has a market cap of $9.99 billion, a PE ratio of 13.00 and a beta of 0.86. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.99 and a current ratio of 1.00. Wintrust Financial has a one year low of $100.37 and a one year high of $162.96.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Tuesday, January 20th. The bank reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. The firm had revenue of $714.26 million for the quarter, compared to analysts’ expectations of $700.85 million. Wintrust Financial had a return on equity of 12.95% and a net margin of 19.48%.During the same quarter in the prior year, the firm earned $2.63 EPS. On average, analysts forecast that Wintrust Financial will post 10.36 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, May 14th. Wintrust Financial’s dividend payout ratio is currently 19.30%.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, CFO David L. Stoehr sold 2,499 shares of the stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $146.16, for a total transaction of $365,253.84. Following the transaction, the chief financial officer owned 18,638 shares of the company’s stock, valued at $2,724,130.08. This represents a 11.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Kathleen M. Boege sold 5,000 shares of the stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $146.38, for a total value of $731,900.00. Following the transaction, the executive vice president directly owned 22,883 shares in the company, valued at approximately $3,349,613.54. This represents a 17.93% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 11,662 shares of company stock worth $1,705,730. Company insiders own 1.01% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Choreo LLC lifted its stake in shares of Wintrust Financial by 3.4% during the 4th quarter. Choreo LLC now owns 2,121 shares of the bank’s stock worth $299,000 after purchasing an additional 69 shares during the period. GAMMA Investing LLC lifted its stake in shares of Wintrust Financial by 4.6% during the 4th quarter. GAMMA Investing LLC now owns 1,755 shares of the bank’s stock worth $245,000 after purchasing an additional 77 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Wintrust Financial by 0.9% during the 4th quarter. Quadrant Capital Group LLC now owns 8,914 shares of the bank’s stock worth $1,246,000 after purchasing an additional 83 shares during the period. Cresset Asset Management LLC lifted its stake in shares of Wintrust Financial by 2.4% during the 3rd quarter. Cresset Asset Management LLC now owns 3,730 shares of the bank’s stock worth $494,000 after purchasing an additional 88 shares during the period. Finally, Savant Capital LLC raised its position in shares of Wintrust Financial by 1.4% in the 4th quarter. Savant Capital LLC now owns 6,748 shares of the bank’s stock worth $944,000 after buying an additional 95 shares during the period. Hedge funds and other institutional investors own 93.48% of the company’s stock.

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.