Wintrust Financial Corp. (NASDAQ:WTFC) shares hit a new 52-week high during trading on Thursday . The company traded as high as $55.06 and last traded at $55.06, with a volume of 249,797 shares changing hands. The stock had previously closed at $54.64.

A number of research analysts have recently commented on the company. Hovde Group assumed coverage on Wintrust Financial Corp. in a research note on Wednesday. They issued a “market perform” rating and a $59.00 price target for the company. Zacks Investment Research upgraded Wintrust Financial Corp. from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Tuesday, August 16th. Raymond James Financial Inc. reiterated a “strong-buy” rating on shares of Wintrust Financial Corp. in a research note on Friday, June 3rd. Piper Jaffray Cos. assumed coverage on Wintrust Financial Corp. in a research note on Friday, June 10th. They issued a “neutral” rating and a $52.00 price target for the company. Finally, Sterne Agee CRT assumed coverage on Wintrust Financial Corp. in a research note on Sunday, June 12th. They issued a “hold” rating for the company. Eight research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Wintrust Financial Corp. presently has an average rating of “Hold” and a consensus target price of $52.80.

The firm has a market capitalization of $2.85 billion and a PE ratio of 17.57. The firm has a 50-day moving average of $53.25 and a 200-day moving average of $48.98.

Wintrust Financial Corp. (NASDAQ:WTFC) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.04. During the same quarter in the previous year, the business earned $0.85 EPS. On average, equities research analysts predict that Wintrust Financial Corp. will post $3.60 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Tuesday, August 9th.

In other news, insider Richard B. Murphy sold 1,293 shares of the company’s stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $52.71, for a total transaction of $68,154.03. Following the completion of the transaction, the insider now directly owns 28,445 shares of the company’s stock, valued at $1,499,335.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

A hedge fund recently raised its stake in Wintrust Financial Corp. stock. New York State Common Retirement Fund boosted its stake in shares of Wintrust Financial Corp. (NASDAQ:WTFC) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,620 shares of the company’s stock after buying an additional 537 shares during the period. New York State Common Retirement Fund owned approximately 0.12% of Wintrust Financial Corp. worth $2,844,000 at the end of the most recent reporting period.

Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company provides community-oriented, personal and commercial banking services to customers located in the Chicago metropolitan area and in southeastern Wisconsin through its banking subsidiaries (the banks).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.