Wintrust Financial Co. (NASDAQ:WTFC) Receives $133.69 Average Target Price from Brokerages

Shares of Wintrust Financial Co. (NASDAQ:WTFC) have received an average rating of “Buy” from the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $133.69.

Several research analysts recently commented on the company. StockNews.com cut Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Saturday. Barclays lifted their target price on shares of Wintrust Financial from $151.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Truist Financial raised shares of Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and set a $152.00 target price on shares of Wintrust Financial in a research report on Thursday, January 23rd. Finally, Wedbush reaffirmed an “outperform” rating and set a $130.00 price target on shares of Wintrust Financial in a research note on Tuesday, October 22nd.

Insider Activity at Wintrust Financial

In related news, EVP Jeffrey D. Hahnfeld sold 416 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total value of $54,475.20. Following the completion of the sale, the executive vice president now directly owns 2,276 shares of the company’s stock, valued at $298,042.20. The trade was a 15.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David L. Stoehr sold 2,363 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $131.32, for a total value of $310,309.16. Following the completion of the transaction, the chief financial officer now owns 19,858 shares in the company, valued at approximately $2,607,752.56. The trade was a 10.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,178 shares of company stock worth $1,336,315. Corporate insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On Wintrust Financial

Institutional investors have recently modified their holdings of the company. CWM LLC boosted its holdings in Wintrust Financial by 387.1% during the third quarter. CWM LLC now owns 1,135 shares of the bank’s stock worth $123,000 after purchasing an additional 902 shares during the last quarter. Inspire Investing LLC lifted its stake in Wintrust Financial by 6.6% in the third quarter. Inspire Investing LLC now owns 3,809 shares of the bank’s stock valued at $413,000 after purchasing an additional 235 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in Wintrust Financial by 4.6% during the third quarter. Wedge Capital Management L L P NC now owns 17,416 shares of the bank’s stock valued at $1,890,000 after purchasing an additional 773 shares during the period. Creative Planning increased its position in Wintrust Financial by 21.7% in the third quarter. Creative Planning now owns 13,341 shares of the bank’s stock worth $1,448,000 after buying an additional 2,375 shares during the last quarter. Finally, Well Done LLC bought a new stake in shares of Wintrust Financial in the third quarter valued at $1,259,000. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Stock Up 1.5 %

WTFC opened at $131.55 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00. The company has a market capitalization of $8.75 billion, a PE ratio of 12.76 and a beta of 1.19. The business has a 50-day moving average of $129.32 and a 200-day moving average of $119.68. Wintrust Financial has a fifty-two week low of $91.38 and a fifty-two week high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.11. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same period in the previous year, the firm earned $1.87 earnings per share. Equities research analysts forecast that Wintrust Financial will post 10.33 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.52%. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.45. Wintrust Financial’s dividend payout ratio (DPR) is currently 19.40%.

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.