Wintrust Financial Corporation (NASDAQ:WTFC) Receives $177.77 Average Target Price from Analysts

Shares of Wintrust Financial Corporation (NASDAQ:WTFC) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $177.7692.

A number of research analysts have recently issued reports on WTFC shares. Capital One Financial set a $170.00 price target on shares of Wintrust Financial in a research report on Tuesday, July 21st. Piper Sandler set a $186.00 target price on shares of Wintrust Financial in a research note on Wednesday, July 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Wintrust Financial in a report on Monday, June 29th. Truist Financial upped their price target on shares of Wintrust Financial from $170.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Brean Capital downgraded Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 price target for the company. in a report on Tuesday, July 21st.

Insider Buying and Selling

In related news, COO David A. Dykstra sold 13,515 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following the completion of the sale, the chief operating officer owned 166,449 shares of the company’s stock, valued at $27,092,903.73. This trade represents a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.24% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Wintrust Financial

A number of institutional investors and hedge funds have recently modified their holdings of the business. Choreo LLC lifted its position in shares of Wintrust Financial by 3.4% during the 4th quarter. Choreo LLC now owns 2,121 shares of the bank’s stock valued at $299,000 after acquiring an additional 69 shares during the period. Parallel Advisors LLC boosted its stake in Wintrust Financial by 7.7% during the first quarter. Parallel Advisors LLC now owns 976 shares of the bank’s stock worth $136,000 after acquiring an additional 70 shares in the last quarter. MeadowBrook Investment Advisors LLC grew its holdings in Wintrust Financial by 3.0% in the first quarter. MeadowBrook Investment Advisors LLC now owns 2,545 shares of the bank’s stock worth $354,000 after purchasing an additional 75 shares during the period. Quadrant Capital Group LLC grew its holdings in Wintrust Financial by 0.9% in the fourth quarter. Quadrant Capital Group LLC now owns 8,914 shares of the bank’s stock worth $1,246,000 after purchasing an additional 83 shares during the period. Finally, Cresset Asset Management LLC increased its stake in Wintrust Financial by 2.4% in the third quarter. Cresset Asset Management LLC now owns 3,730 shares of the bank’s stock valued at $494,000 after purchasing an additional 88 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Trading Up 0.0%

Shares of WTFC stock opened at $152.67 on Tuesday. Wintrust Financial has a 1-year low of $119.61 and a 1-year high of $167.21. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. The stock has a market cap of $10.30 billion, a price-to-earnings ratio of 12.26 and a beta of 0.85. The stock has a 50-day moving average of $159.79 and a 200-day moving average of $151.32.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.15. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The business had revenue of $738.63 million during the quarter, compared to the consensus estimate of $735.36 million. During the same quarter in the prior year, the firm posted $2.78 EPS. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities research analysts forecast that Wintrust Financial will post 13.04 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, August 6th. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. Wintrust Financial’s dividend payout ratio is presently 17.67%.

Wintrust Financial Company Profile

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.