Wintrust Financial (NASDAQ:WTFC) Given Outperform Rating at Wedbush

Wedbush reaffirmed their outperform rating on shares of Wintrust Financial (NASDAQ:WTFC) in a research report released on Tuesday, Benzinga reports. They currently have a $130.00 target price on the bank’s stock.

A number of other equities analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods cut shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $110.00 to $115.00 in a research note on Friday, July 19th. DA Davidson lifted their price objective on Wintrust Financial from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Jefferies Financial Group cut their target price on Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Royal Bank of Canada boosted their target price on Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 9th. Finally, Truist Financial increased their price target on shares of Wintrust Financial from $118.00 to $123.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $118.23.

Wintrust Financial Stock Up 2.2 %

NASDAQ WTFC opened at $114.76 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 0.99. Wintrust Financial has a 52 week low of $71.86 and a 52 week high of $117.77. The stock has a market capitalization of $7.09 billion, a P/E ratio of 11.87 and a beta of 1.16. The stock has a fifty day moving average of $106.49 and a 200-day moving average of $101.97.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing the consensus estimate of $2.50 by ($0.03). The firm had revenue of $615.73 million for the quarter, compared to the consensus estimate of $623.45 million. Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.53 earnings per share. On average, equities research analysts forecast that Wintrust Financial will post 10.11 EPS for the current year.

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were given a $0.45 dividend. The ex-dividend date was Thursday, August 8th. This represents a $1.80 annualized dividend and a yield of 1.57%. Wintrust Financial’s dividend payout ratio is currently 18.61%.

Hedge Funds Weigh In On Wintrust Financial

A number of large investors have recently added to or reduced their stakes in WTFC. PNC Financial Services Group Inc. grew its holdings in shares of Wintrust Financial by 84.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,745 shares of the bank’s stock worth $533,000 after buying an additional 2,623 shares in the last quarter. Park Avenue Securities LLC raised its holdings in shares of Wintrust Financial by 17.8% in the first quarter. Park Avenue Securities LLC now owns 6,620 shares of the bank’s stock valued at $691,000 after purchasing an additional 998 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Wintrust Financial by 8.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,234 shares of the bank’s stock worth $651,000 after purchasing an additional 498 shares in the last quarter. Oliver Luxxe Assets LLC boosted its holdings in Wintrust Financial by 1.7% during the first quarter. Oliver Luxxe Assets LLC now owns 9,290 shares of the bank’s stock worth $970,000 after purchasing an additional 157 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Wintrust Financial by 157.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 190,416 shares of the bank’s stock valued at $19,878,000 after purchasing an additional 116,503 shares in the last quarter. 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.