Wintrust Financial Co. (NASDAQ:WTFC) Receives $123.00 Consensus PT from Brokerages

Wintrust Financial Co. (NASDAQ:WTFC) has been given an average rating of “Moderate Buy” by the thirteen ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $123.00.

Several research analysts recently issued reports on WTFC shares. Citigroup increased their price target on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Truist Financial raised their price target on Wintrust Financial from $123.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Wedbush restated an “outperform” rating and set a $130.00 price objective on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Piper Sandler boosted their target price on Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Raymond James boosted their price objective on shares of Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 23rd.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $136.27 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 1.01. The firm has a market cap of $9.06 billion, a P/E ratio of 14.26 and a beta of 1.18. Wintrust Financial has a fifty-two week low of $88.31 and a fifty-two week high of $142.04. The stock’s 50-day moving average is $119.68 and its two-hundred day moving average is $107.79.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.53 earnings per share. Analysts predict that Wintrust Financial will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

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

Insider Buying and Selling

In other Wintrust Financial news, CFO David L. Stoehr sold 1,607 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total transaction of $182,330.22. Following the sale, the chief financial officer now owns 14,874 shares of the company’s stock, valued at $1,687,604.04. The trade was a 9.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO David A. Dykstra sold 15,492 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were 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 of the company’s stock, valued at approximately $22,817,808.68. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,198 shares of company stock valued at $2,445,314. 1.47% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its stake in Wintrust Financial by 7.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,385 shares of the bank’s stock worth $2,964,000 after purchasing an additional 1,919 shares during the period. GAMMA Investing LLC boosted its position in Wintrust Financial by 62.6% during the 2nd quarter. GAMMA Investing LLC now owns 818 shares of the bank’s stock valued at $81,000 after buying an additional 315 shares during the period. Versant Capital Management Inc grew its holdings in Wintrust Financial by 825.0% in the 2nd quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock worth $29,000 after acquiring an additional 264 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Wintrust Financial by 271.2% in the second quarter. Harbor Capital Advisors Inc. now owns 41,831 shares of the bank’s stock valued at $4,123,000 after acquiring an additional 30,562 shares during the period. Finally, Park Avenue Securities LLC raised its stake in shares of Wintrust Financial by 5.6% during the second quarter. Park Avenue Securities LLC now owns 6,994 shares of the bank’s stock valued at $689,000 after acquiring an additional 374 shares during the last quarter. 93.48% of the stock is owned by institutional investors.

About Wintrust Financial

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.