Wintrust Financial Corporation (NASDAQ:WTFC) Receives $168.92 Average Target Price from Brokerages

Shares of Wintrust Financial Corporation (NASDAQ:WTFC) have earned an average recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $168.9167.

A number of equities research analysts have commented on the company. Stephens assumed coverage on Wintrust Financial in a report on Friday, March 27th. They set an “equal weight” rating and a $160.00 target price on the stock. Citigroup increased their target price on Wintrust Financial from $178.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. TD Cowen increased their target price on Wintrust Financial from $173.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. 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. Finally, Piper Sandler restated an “overweight” rating and set a $188.00 price objective (up from $184.00) on shares of Wintrust Financial in a report on Wednesday, April 22nd.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC opened at $154.63 on Thursday. The business’s fifty day moving average price is $148.08 and its two-hundred day moving average price is $144.90. The stock has a market cap of $10.43 billion, a PE ratio of 12.96 and a beta of 0.84. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98. Wintrust Financial has a one year low of $116.57 and a one year high of $162.96.

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

Wintrust Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were issued a dividend of $0.55 per share. The ex-dividend date was Thursday, May 14th. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. Wintrust Financial’s dividend payout ratio (DPR) is 18.44%.

Insider Transactions at Wintrust Financial

In other news, Director Suzet M. Mckinney sold 500 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $148.96, for a total transaction of $74,480.00. Following the sale, the director owned 3,303 shares in the company, valued at $492,014.88. This trade represents a 13.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO David L. Stoehr sold 3,020 shares of the firm’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $150.45, for a total value of $454,359.00. Following the sale, the chief financial officer owned 13,213 shares in the company, valued at $1,987,895.85. This trade represents a 18.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,099 shares of company stock worth $1,954,386 over the last quarter. 1.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Wintrust Financial

Several hedge funds have recently made changes to their positions in WTFC. Advisors Asset Management Inc. acquired a new stake in shares of Wintrust Financial during the first quarter worth $27,000. Jones Financial Companies Lllp raised its position in shares of Wintrust Financial by 49.0% in the 1st quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock worth $115,000 after buying an additional 335 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Wintrust Financial by 7.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank’s stock worth $20,179,000 after buying an additional 12,103 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Wintrust Financial by 400.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 400 shares of the bank’s stock worth $50,000 after buying an additional 320 shares during the period. Finally, Cerity Partners LLC raised its position in shares of Wintrust Financial by 1.6% in the 2nd quarter. Cerity Partners LLC now owns 23,120 shares of the bank’s stock worth $2,866,000 after buying an additional 355 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

About Wintrust Financial

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.