Analysts Set Wintrust Financial Co. (NASDAQ:WTFC) PT at $123.00

Wintrust Financial Co. (NASDAQ:WTFC) has received an average recommendation of “Moderate Buy” from the thirteen brokerages that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $124.62.

Several analysts have weighed in on WTFC shares. Raymond James lifted their price objective on Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a research report on Wednesday, October 23rd. Truist Financial lifted their price target on Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Wedbush reiterated an “outperform” rating and issued a $130.00 price objective on shares of Wintrust Financial in a report on Tuesday, October 22nd. Citigroup boosted their target price on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, DA Davidson increased their price target on shares of Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $136.75 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. The stock has a fifty day moving average of $122.08 and a 200 day moving average of $108.74. The firm has a market capitalization of $9.09 billion, a price-to-earnings ratio of 14.32 and a beta of 1.18. Wintrust Financial has a 52 week low of $89.29 and a 52 week high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The company had revenue of $615.73 million for the quarter, compared to the consensus estimate of $623.45 million. During the same period in the previous year, the firm posted $2.53 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, research analysts expect that Wintrust Financial will post 10.12 earnings per share for the current year.

Wintrust Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Thursday, November 7th. Wintrust Financial’s payout ratio is 18.85%.

Insider Activity at Wintrust Financial

In other news, CFO David L. Stoehr sold 1,607 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total transaction of $182,330.22. Following the transaction, the chief financial officer now directly owns 14,874 shares of the company’s stock, valued at $1,687,604.04. This represents a 9.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO David A. Dykstra sold 15,492 shares of Wintrust Financial stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total value of $1,789,016.16. Following the completion of the sale, the chief operating officer now owns 197,591 shares of the company’s stock, valued at $22,817,808.68. The trade was a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,198 shares of company stock valued at $2,445,314 over the last 90 days. Corporate insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On Wintrust Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC raised its holdings in shares of Wintrust Financial by 14.1% during the third quarter. FMR LLC now owns 5,153,999 shares of the bank’s stock valued at $559,364,000 after purchasing an additional 637,072 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Wintrust Financial by 36.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank’s stock worth $87,132,000 after purchasing an additional 213,559 shares during the period. Dimensional Fund Advisors LP grew its position in Wintrust Financial by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank’s stock worth $297,376,000 after purchasing an additional 146,090 shares during the period. Principal Financial Group Inc. raised its stake in Wintrust Financial by 11.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock valued at $141,981,000 after buying an additional 133,311 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Wintrust Financial by 5.1% during the 3rd quarter. State Street Corp now owns 2,627,561 shares of the bank’s stock valued at $285,169,000 after buying an additional 126,724 shares during the period. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Company Profile

Wintrust Financial Corporation operates as a financial holding company. 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), online and mobile banking, and other services.