Wintrust Financial Corp. (WTFC) Hits New 1-Year High at $55.06
Shares of Wintrust Financial Corp. (NASDAQ:WTFC) hit a new 52-week high on Thursday . The stock traded as high as $55.06 and last traded at $55.06, with a volume of 249,797 shares trading hands. The stock had previously closed at $54.64.
WTFC has been the topic of several analyst reports. Zacks Investment Research raised shares of Wintrust Financial Corp. from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Tuesday, August 16th. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $53.00 target price (up previously from $52.00) on shares of Wintrust Financial Corp. in a report on Sunday, July 24th. Hovde Group initiated coverage on shares of Wintrust Financial Corp. in a report on Wednesday. They issued a “market perform” rating and a $59.00 target price on the stock. Raymond James Financial Inc. reaffirmed a “strong-buy” rating on shares of Wintrust Financial Corp. in a report on Friday, June 3rd. Finally, Sterne Agee CRT initiated coverage on shares of Wintrust Financial Corp. in a report on Sunday, June 12th. They issued a “hold” rating on the stock. Eight equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Wintrust Financial Corp. currently has a consensus rating of “Hold” and a consensus price target of $52.80.
The stock has a 50-day moving average price of $53.39 and a 200 day moving average price of $49.09. The firm has a market cap of $2.85 billion and a price-to-earnings ratio of 17.60.
Wintrust Financial Corp. (NASDAQ:WTFC) last released its quarterly earnings results on Tuesday, July 19th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.04. During the same period in the prior year, the firm posted $0.85 earnings per share. Equities research analysts predict that Wintrust Financial Corp. will post $3.60 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 25th. Investors of record on Thursday, August 11th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, August 9th. This represents a $0.48 annualized dividend and a yield of 0.87%.
In related news, insider Richard B. Murphy sold 1,293 shares of the firm’s stock in a transaction dated Thursday, July 21st. The stock was 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 owns 28,445 shares of the company’s stock, valued at $1,499,335.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
An institutional investor recently raised its position in Wintrust Financial Corp. stock. New York State Common Retirement Fund raised its stake in Wintrust Financial Corp. (NASDAQ:WTFC) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the SEC.
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).
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