Wintrust Financial (NASDAQ:WTFC) Price Target Cut to $130.00

Wintrust Financial (NASDAQ:WTFC) had its target price decreased by Barclays from $135.00 to $130.00 in a research report report published on Friday, Benzinga reports. Barclays currently has an overweight rating on the bank’s stock.

A number of other research analysts have also issued reports on the company. Wedbush reiterated an outperform rating and set a $116.00 price target on shares of Wintrust Financial in a research report on Thursday. UBS Group boosted their price objective on Wintrust Financial from $105.00 to $113.00 and gave the stock a buy rating in a research note on Tuesday, January 23rd. Citigroup boosted their price objective on Wintrust Financial from $114.00 to $115.00 and gave the stock a buy rating in a research note on Monday, March 18th. Jefferies Financial Group boosted their price objective on Wintrust Financial from $114.00 to $120.00 and gave the stock a buy rating in a research note on Monday, April 8th. Finally, Royal Bank of Canada boosted their target price on Wintrust Financial from $109.00 to $116.00 and gave the stock an outperform rating in a research report on Tuesday, April 9th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of Buy and a consensus target price of $112.92.

Wintrust Financial Stock Performance

Shares of NASDAQ WTFC opened at $97.31 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.98 and a debt-to-equity ratio of 0.78. Wintrust Financial has a 52-week low of $58.12 and a 52-week high of $105.29. The firm’s 50-day moving average price is $98.18 and its two-hundred day moving average price is $90.73. The stock has a market capitalization of $6.01 billion, a P/E ratio of 10.06 and a beta of 1.21.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.47. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. The company had revenue of $604.77 million during the quarter, compared to analyst estimates of $577.80 million. During the same quarter in the previous year, the firm posted $2.80 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts forecast that Wintrust Financial will post 9.95 earnings per share for the current year.

Wintrust Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were issued a dividend of $0.45 per share. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, February 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.85%. Wintrust Financial’s payout ratio is currently 18.61%.

Insider Activity

In other Wintrust Financial news, EVP Jeffrey D. Hahnfeld sold 588 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total value of $57,553.44. Following the transaction, the executive vice president now owns 3,410 shares in the company, valued at $333,770.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Jeffrey D. Hahnfeld sold 588 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total transaction of $57,553.44. Following the completion of the sale, the executive vice president now owns 3,410 shares in the company, valued at approximately $333,770.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Edward J. Wehmer sold 9,500 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $99.36, for a total value of $943,920.00. Following the sale, the insider now owns 177,124 shares of the company’s stock, valued at approximately $17,599,040.64. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by corporate insiders.

Institutional Trading of Wintrust Financial

Several large investors have recently made changes to their positions in WTFC. Northwestern Mutual Wealth Management Co. lifted its position in shares of Wintrust Financial by 4.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,015 shares of the bank’s stock worth $255,000 after purchasing an additional 123 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Wintrust Financial by 6.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,048 shares of the bank’s stock worth $172,000 after purchasing an additional 126 shares during the last quarter. Advisor Group Holdings Inc. lifted its position in shares of Wintrust Financial by 3.4% during the 4th quarter. Advisor Group Holdings Inc. now owns 4,135 shares of the bank’s stock worth $351,000 after purchasing an additional 135 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Wintrust Financial by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 26,713 shares of the bank’s stock worth $2,017,000 after purchasing an additional 140 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Wintrust Financial by 5.3% during the 3rd quarter. Signaturefd LLC now owns 3,028 shares of the bank’s stock worth $229,000 after purchasing an additional 153 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Company Profile

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.