Wintrust Financial Corporation (NASDAQ:WTFC) Stock Has Consensus Price Target of $176.29 According to Analysts

Wintrust Financial Corporation (NASDAQ:WTFC) has received a consensus rating of “Moderate Buy” from the fifteen research firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $176.20.

WTFC has been the subject of a number of recent research reports. Raymond James Financial began coverage on Wintrust Financial in a research report on Tuesday, July 7th. They set an “outperform” rating and a $180.00 price objective for the company. TD Cowen reduced their target price on shares of Wintrust Financial from $183.00 to $173.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Citigroup lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a report on Tuesday, July 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wintrust Financial in a research note on Friday, September 25th. Finally, Piper Sandler lifted their price target on shares of Wintrust Financial from $186.00 to $195.00 and gave the stock an “overweight” rating in a report on Monday, October 5th.

Insider Transactions at Wintrust Financial

In other Wintrust Financial news, COO David Dykstra sold 13,515 shares of Wintrust Financial stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total value of $2,199,836.55. Following the completion of the sale, the chief operating officer directly owned 166,449 shares of the company’s stock, valued at approximately $27,092,903.73. The trade was a 7.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.24% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in WTFC. BlackRock Inc. purchased a new stake in Wintrust Financial during the second quarter worth approximately $1,058,088,000. First Trust Advisors LP raised its stake in shares of Wintrust Financial by 26.6% in the 1st quarter. First Trust Advisors LP now owns 1,830,268 shares of the bank’s stock valued at $254,297,000 after acquiring an additional 385,069 shares during the period. Bank of America Corp DE purchased a new position in shares of Wintrust Financial in the 2nd quarter valued at $168,021,000. Bank of New York Mellon Corp raised its stake in shares of Wintrust Financial by 13.2% in the 1st quarter. Bank of New York Mellon Corp now owns 595,830 shares of the bank’s stock valued at $82,785,000 after acquiring an additional 69,444 shares during the period. Finally, Clark Capital Management Group Inc. lifted its holdings in shares of Wintrust Financial by 3.0% during the 4th quarter. Clark Capital Management Group Inc. now owns 589,731 shares of the bank’s stock valued at $82,456,000 after acquiring an additional 16,915 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Performance

Wintrust Financial stock opened at $142.79 on Wednesday. Wintrust Financial has a fifty-two week low of $119.61 and a fifty-two week high of $167.21. The company has a market capitalization of $9.63 billion, a price-to-earnings ratio of 11.47 and a beta of 0.89. The stock has a fifty day moving average of $150.91 and a two-hundred day moving average of $152.03. 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 (NASDAQ:WTFC) last issued its quarterly earnings data on Monday, July 20th. The bank reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.15. The business had revenue of $738.63 million for the quarter, compared to the consensus estimate of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%. The business’s revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.78 earnings per share. On average, analysts anticipate that Wintrust Financial will post 13.12 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, August 6th. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. Wintrust Financial’s dividend payout ratio (DPR) is 17.67%.

About Wintrust Financial

Wintrust Financial Corporation (NASDAQ: WTFC) is a financial holding company headquartered in Rosemont, Illinois. Founded in 1991, the company operates a network of community banks serving individuals, families and businesses primarily in the Chicago metropolitan area, southern Wisconsin and northwest Indiana.

Wintrust’s banking subsidiaries provide deposit accounts, commercial and consumer lending, residential mortgages, treasury management, trust and investment services, and other traditional banking products.