Wintrust Financial’s (WTFC) “Overweight” Rating Reiterated at Piper Sandler

Piper Sandler reissued their overweight rating on shares of Wintrust Financial (NASDAQ:WTFC) in a report released on Wednesday morning,Benzinga reports. Piper Sandler currently has a $188.00 target price on the bank’s stock, up from their previous target price of $184.00.

WTFC has been the subject of a number of other reports. Barclays upped their price objective on Wintrust Financial from $178.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Wintrust Financial in a report on Wednesday, January 21st. TD Cowen boosted their target price on Wintrust Financial from $170.00 to $177.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Stephens began coverage on Wintrust Financial in a research note on Friday, March 27th. They issued an “equal weight” rating and a $160.00 target price for the company. Finally, DA Davidson reiterated a “buy” rating and set a $165.00 price target on shares of Wintrust Financial in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.92.

Wintrust Financial Stock Performance

NASDAQ WTFC opened at $147.91 on Wednesday. Wintrust Financial has a 52-week low of $109.29 and a 52-week high of $162.96. The company has a fifty day moving average of $142.59 and a 200-day moving average of $140.01. The company has a market capitalization of $9.98 billion, a P/E ratio of 12.40 and a beta of 0.86. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.99 and a current ratio of 0.98.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, April 20th. The bank reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $2.96 by $0.26. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The business had revenue of $713.17 million for the quarter, compared to analysts’ expectations of $707.23 million. During the same quarter in the prior year, the firm earned $2.69 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. As a group, equities research analysts predict that Wintrust Financial will post 12.86 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, May 14th. Wintrust Financial’s dividend payout ratio (DPR) is 18.44%.

Insider Transactions at Wintrust Financial

In other news, CFO David L. Stoehr sold 3,020 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $150.45, for a total value of $454,359.00. Following the completion of the sale, the chief financial officer owned 13,213 shares of the company’s stock, valued at approximately $1,987,895.85. The trade was a 18.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Richard B. Murphy sold 3,291 shares of the stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $146.05, for a total value of $480,650.55. Following the sale, the insider owned 46,049 shares of the company’s stock, valued at $6,725,456.45. This represents a 6.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 14,682 shares of company stock valued at $2,160,089. 1.01% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Choreo LLC lifted its holdings in shares of Wintrust Financial by 3.4% during the fourth quarter. Choreo LLC now owns 2,121 shares of the bank’s stock worth $299,000 after purchasing an additional 69 shares during the period. MeadowBrook Investment Advisors LLC increased its holdings in Wintrust Financial by 3.0% in the 1st quarter. MeadowBrook Investment Advisors LLC now owns 2,545 shares of the bank’s stock worth $354,000 after buying an additional 75 shares during the period. GAMMA Investing LLC increased its holdings in Wintrust Financial by 4.6% in the 4th quarter. GAMMA Investing LLC now owns 1,755 shares of the bank’s stock worth $245,000 after buying an additional 77 shares during the period. Quadrant Capital Group LLC raised its position in Wintrust Financial by 0.9% during the 4th quarter. Quadrant Capital Group LLC now owns 8,914 shares of the bank’s stock worth $1,246,000 after buying an additional 83 shares during the last quarter. Finally, Cresset Asset Management LLC raised its position in Wintrust Financial by 2.4% during the 3rd quarter. Cresset Asset Management LLC now owns 3,730 shares of the bank’s stock worth $494,000 after buying an additional 88 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

About Wintrust Financial

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.