Wintrust Financial (NASDAQ:WTFC) Price Target Raised to $195.00

Wintrust Financial (NASDAQ:WTFC) had its target price upped by Piper Sandler from $186.00 to $195.00 in a research report report published on Monday morning, MarketBeat.com reports. They currently have an overweight rating on the bank’s stock.

Other analysts have also issued reports about the company. Truist Financial boosted their target price on Wintrust Financial from $170.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Wells Fargo & Company assumed coverage on Wintrust Financial in a research note on Thursday, September 24th. They set an “equal weight” rating and a $160.00 price target for the company. Barclays lifted their price objective on Wintrust Financial from $190.00 to $192.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. TD Cowen lowered their price objective on Wintrust Financial from $184.00 to $183.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Finally, Raymond James Financial initiated coverage on shares of Wintrust Financial in a report on Tuesday, July 7th. They set an “outperform” rating and a $180.00 price objective on the stock. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $176.29.

Wintrust Financial Trading Down 1.7%

Shares of WTFC stock opened at $142.49 on Monday. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. The firm has a market cap of $9.61 billion, a P/E ratio of 11.44 and a beta of 0.89. The company has a 50 day moving average of $152.30 and a 200-day moving average of $151.79. Wintrust Financial has a 12-month low of $119.61 and a 12-month high of $167.21.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, July 20th. The bank reported $3.30 EPS for the quarter, beating the consensus estimate of $3.15 by $0.15. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The business had revenue of $738.63 million for the quarter, compared to the consensus estimate of $735.36 million. During the same quarter in the prior year, the business earned $2.78 earnings per share. Wintrust Financial’s revenue for the quarter was up 10.1% on a year-over-year basis. Sell-side analysts anticipate that Wintrust Financial will post 13.12 earnings per share for the current year.

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 6th. Wintrust Financial’s dividend payout ratio (DPR) is presently 17.67%.

Insider Buying and Selling at Wintrust Financial

In related news, COO David Dykstra sold 13,515 shares of the business’s stock in a transaction 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 sale, the chief operating officer directly owned 166,449 shares in the company, valued at approximately $27,092,903.73. The trade was a 7.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.24% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Wintrust Financial during the 2nd quarter valued at about $27,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Wintrust Financial in the second quarter worth about $36,000. Harbour Investments Inc. lifted its holdings in shares of Wintrust Financial by 72.7% in the fourth quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after buying an additional 101 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Wintrust Financial in the first quarter valued at approximately $35,000. Finally, Transamerica Financial Advisors LLC bought a new position in shares of Wintrust Financial in the second quarter valued at approximately $42,000. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Company Profile

Wintrust Financial Corporation (NASDAQ: WTFC) is a financial holding company headquartered in Rosemont, Illinois. Founded in 1991, the company operates a network of community banks serving individuals, families and businesses primarily in the Chicago metropolitan area, southern Wisconsin and northwest Indiana.

Wintrust’s banking subsidiaries provide deposit accounts, commercial and consumer lending, residential mortgages, treasury management, trust and investment services, and other traditional banking products.