Wintrust Financial Co. (NASDAQ:WTFC) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Wintrust Financial Co. (NASDAQ:WTFCGet Free Report) have received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $123.00.

Several equities research analysts have recently issued reports on WTFC shares. Truist Financial increased their target price on shares of Wintrust Financial from $123.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Raymond James raised their price objective on Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 23rd. DA Davidson upped their target price on Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Wedbush reissued an “outperform” rating and issued a $130.00 price target on shares of Wintrust Financial in a report on Tuesday, October 22nd. Finally, Stephens restated an “overweight” rating and set a $115.00 price objective on shares of Wintrust Financial in a research report on Thursday, July 18th.

Check Out Our Latest Research Report on WTFC

Insiders Place Their Bets

In related news, insider Richard B. Murphy sold 4,099 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total value of $473,967.37. Following the completion of the sale, the insider now owns 42,311 shares of the company’s stock, valued at approximately $4,892,420.93. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Richard B. Murphy sold 4,099 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total value of $473,967.37. Following the completion of the sale, the insider now owns 42,311 shares of the company’s stock, valued at approximately $4,892,420.93. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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 transaction of $1,789,016.16. Following the transaction, the chief operating officer now directly owns 197,591 shares in the company, valued at $22,817,808.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,198 shares of company stock valued at $2,445,314 in the last ninety days. 1.47% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WTFC. Chartwell Investment Partners LLC lifted its stake in shares of Wintrust Financial by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 11,049 shares of the bank’s stock valued at $1,200,000 after purchasing an additional 89 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in Wintrust Financial by 11.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank’s stock valued at $85,000 after buying an additional 91 shares during the last quarter. Shaker Investments LLC OH boosted its stake in Wintrust Financial by 0.3% during the third quarter. Shaker Investments LLC OH now owns 28,928 shares of the bank’s stock worth $3,140,000 after buying an additional 96 shares during the period. US Bancorp DE increased its position in shares of Wintrust Financial by 0.5% during the third quarter. US Bancorp DE now owns 24,716 shares of the bank’s stock valued at $2,682,000 after acquiring an additional 126 shares during the last quarter. Finally, Concurrent Investment Advisors LLC raised its stake in shares of Wintrust Financial by 1.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 10,304 shares of the bank’s stock valued at $1,016,000 after acquiring an additional 145 shares during the period. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Wintrust Financial Stock Up 1.2 %

Shares of WTFC stock opened at $128.60 on Wednesday. Wintrust Financial has a twelve month low of $76.67 and a twelve month high of $131.66. The stock has a market cap of $8.55 billion, a P/E ratio of 13.47 and a beta of 1.15. The stock has a 50 day moving average of $110.58 and a 200 day moving average of $103.92. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73.

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

Wintrust Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, November 7th. This represents a $1.80 annualized dividend and a yield of 1.40%. Wintrust Financial’s dividend payout ratio is presently 18.85%.

Wintrust Financial Company Profile

(Get Free Report

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.

Read More

Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

Receive News & Ratings for Wintrust Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial and related companies with MarketBeat.com's FREE daily email newsletter.