Wintrust Financial (NASDAQ:WTFC) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Wintrust Financial (NASDAQ:WTFC – Get Rating) in a report issued on Thursday morning. The brokerage issued a hold rating on the bank’s stock.

A number of other brokerages have also recently issued reports on WTFC. Truist Financial dropped their price objective on Wintrust Financial from $112.00 to $102.00 in a report on Friday, December 9th. Raymond James dropped their price objective on Wintrust Financial from $118.00 to $110.00 and set a strong-buy rating on the stock in a report on Friday, January 20th. DA Davidson dropped their price objective on Wintrust Financial from $120.00 to $110.00 and set a buy rating on the stock in a report on Friday, January 20th. Royal Bank of Canada dropped their price objective on Wintrust Financial from $108.00 to $95.00 and set an outperform rating on the stock in a report on Tuesday, March 14th. Finally, UBS Group raised their price target on Wintrust Financial to $100.00 in a report on Wednesday, November 16th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $106.70.

Wintrust Financial Stock Performance

Shares of WTFC opened at $72.23 on Thursday. The stock’s 50-day simple moving average is $88.41 and its 200 day simple moving average is $87.57. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 0.39 and a beta of 1.20. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.98 and a current ratio of 0.99. Wintrust Financial has a 52-week low of $57.48 and a 52-week high of $98.54.

Wintrust Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 23rd. Stockholders of record on Thursday, February 9th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, February 8th. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.34. This represents a $1.60 annualized dividend and a dividend yield of 2.22%. Wintrust Financial’s dividend payout ratio is 20.00%.

Insider Activity

In other news, Director H Patrick Hackett, Jr. acquired 7,100 shares of Wintrust Financial stock in a transaction dated Monday, March 13th. The shares were purchased at an average cost of $73.31 per share, for a total transaction of $520,501.00. Following the transaction, the director now owns 47,173 shares of the company’s stock, valued at $3,458,252.63. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.41% of the company’s stock.

Hedge Funds Weigh In On Wintrust Financial

Several institutional investors have recently modified their holdings of the company. Private Trust Co. NA grew its position in Wintrust Financial by 48.9% during the 3rd quarter. Private Trust Co. NA now owns 411 shares of the bank’s stock worth $34,000 after acquiring an additional 135 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Wintrust Financial by 37.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 464 shares of the bank’s stock worth $38,000 after acquiring an additional 126 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new position in Wintrust Financial during the 4th quarter worth approximately $44,000. BDO Wealth Advisors LLC grew its position in Wintrust Financial by 6,200.0% during the 4th quarter. BDO Wealth Advisors LLC now owns 567 shares of the bank’s stock worth $48,000 after acquiring an additional 558 shares during the last quarter. Finally, Romano Brothers AND Company bought a new position in Wintrust Financial during the 4th quarter worth approximately $71,000. 89.47% of the stock is currently owned by institutional investors.

About Wintrust Financial

(Get Rating)

Wintrust Financial Corp. operates as holding company, which engages in the provision of banking and financial services. It operates through the following segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment provides community-oriented, personal, and commercial banking services to customers located in its market area.