Wintrust Financial (NASDAQ:WTFC) Earns “Market Perform” Rating from Hovde Group

Hovde Group reaffirmed their market perform rating on shares of Wintrust Financial (NASDAQ:WTFCFree Report) in a report published on Friday morning, Marketbeat Ratings reports. They currently have a $100.00 target price on the bank’s stock.

WTFC has been the topic of several other research reports. Wedbush reiterated an outperform rating and set a $116.00 price target on shares of Wintrust Financial in a research note on Thursday, April 18th. Truist Financial dropped their price target on Wintrust Financial from $117.00 to $112.00 and set a buy rating on the stock in a research note on Monday, April 22nd. Jefferies Financial Group boosted their price target on Wintrust Financial from $114.00 to $120.00 and gave the company a buy rating in a research note on Monday, April 8th. Royal Bank of Canada boosted their price target on Wintrust Financial from $109.00 to $116.00 and gave the company an outperform rating in a research note on Tuesday, April 9th. Finally, Citigroup dropped their price target on Wintrust Financial from $115.00 to $113.00 and set a buy rating on the stock in a research note on Monday, April 22nd. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $111.38.

Check Out Our Latest Analysis on Wintrust Financial

Wintrust Financial Stock Up 2.8 %

Shares of WTFC stock opened at $96.61 on Friday. Wintrust Financial has a 1-year low of $68.86 and a 1-year high of $105.29. The stock’s fifty day moving average price is $97.58 and its 200 day moving average price is $96.77. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.98 and a quick ratio of 0.97. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 9.99 and a beta of 1.19.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last announced its earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.47. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. The firm had revenue of $604.77 million for the quarter, compared to the consensus estimate of $577.80 million. During the same period in the previous year, the business earned $2.80 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, research analysts expect that Wintrust Financial will post 10.14 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 9th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 1.86%. Wintrust Financial’s payout ratio is 18.61%.

Hedge Funds Weigh In On Wintrust Financial

Large investors have recently bought and sold shares of the business. Johnson Financial Group Inc. acquired a new position in Wintrust Financial in the 4th quarter worth about $25,000. Concord Wealth Partners acquired a new position in shares of Wintrust Financial during the first quarter valued at approximately $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Wintrust Financial during the first quarter valued at approximately $27,000. Quent Capital LLC raised its holdings in shares of Wintrust Financial by 120.8% during the fourth quarter. Quent Capital LLC now owns 351 shares of the bank’s stock valued at $33,000 after acquiring an additional 192 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of Wintrust Financial during the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

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.

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Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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