Wintrust Financial Corporation (NASDAQ:WTFC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Wintrust Financial Corporation (NASDAQ:WTFC) has been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $177.7692.

A number of brokerages have issued reports on WTFC. Royal Bank Of Canada lifted their target price on shares of Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Truist Financial raised their price objective on shares of Wintrust Financial from $170.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Barclays lifted their price objective on Wintrust Financial from $190.00 to $192.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wintrust Financial in a research note on Monday, June 29th. Finally, TD Cowen lowered their target price on Wintrust Financial from $184.00 to $183.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd.

Wintrust Financial Trading Up 0.3%

Shares of WTFC stock opened at $159.65 on Friday. Wintrust Financial has a fifty-two week low of $119.61 and a fifty-two week high of $167.21. The stock has a market cap of $10.77 billion, a P/E ratio of 12.82 and a beta of 0.84. The business has a fifty day simple moving average of $157.37 and a 200-day simple moving average of $149.89. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62.

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

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, August 6th. Wintrust Financial’s dividend payout ratio (DPR) is currently 17.67%.

Insiders Place Their Bets

In other Wintrust Financial news, Director Suzet M. Mckinney sold 500 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $148.96, for a total value of $74,480.00. Following the transaction, the director directly owned 3,303 shares in the company, valued at approximately $492,014.88. This represents a 13.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.24% of the company’s stock.

Institutional Investors Weigh In On Wintrust Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the company. F m Investments LLC boosted its position in Wintrust Financial by 61.6% during the fourth quarter. F m Investments LLC now owns 70,857 shares of the bank’s stock worth $9,907,000 after acquiring an additional 27,013 shares during the last quarter. Westfield Capital Management Co. LP grew its stake in Wintrust Financial by 22.5% in the 4th quarter. Westfield Capital Management Co. LP now owns 559,762 shares of the bank’s stock worth $78,266,000 after acquiring an additional 102,798 shares during the period. Artemis Investment Management LLP acquired a new position in Wintrust Financial in the 4th quarter valued at $59,287,000. SG Americas Securities LLC lifted its stake in shares of Wintrust Financial by 132.1% during the 4th quarter. SG Americas Securities LLC now owns 51,637 shares of the bank’s stock worth $7,220,000 after purchasing an additional 29,386 shares during the period. Finally, Horizon Investments LLC lifted its stake in shares of Wintrust Financial by 79.8% during the 4th quarter. Horizon Investments LLC now owns 33,287 shares of the bank’s stock worth $4,654,000 after purchasing an additional 14,776 shares during the period. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

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.