Analysts Set Wintrust Financial Co. (NASDAQ:WTFC) Target Price at $133.69

Wintrust Financial Co. (NASDAQ:WTFC) has received an average recommendation of “Buy” from the thirteen research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $132.38.

Several research firms recently issued reports on WTFC. UBS Group started coverage on Wintrust Financial in a report on Tuesday, December 17th. They set a “buy” rating and a $157.00 target price on the stock. Barclays dropped their price objective on Wintrust Financial from $155.00 to $138.00 and set an “overweight” rating on the stock in a research note on Tuesday. Piper Sandler raised their target price on shares of Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Raymond James reaffirmed a “strong-buy” rating and set a $150.00 price target (up from $135.00) on shares of Wintrust Financial in a research report on Thursday, January 23rd. Finally, Truist Financial raised shares of Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th.

Insider Transactions at Wintrust Financial

In other news, COO David A. Dykstra sold 4,213 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $131.31, for a total transaction of $553,209.03. Following the transaction, the chief operating officer now directly owns 206,294 shares of the company’s stock, valued at approximately $27,088,465.14. This trade represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard B. Murphy sold 3,186 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $131.30, for a total value of $418,321.80. Following the completion of the sale, the insider now owns 48,814 shares of the company’s stock, valued at approximately $6,409,278.20. This trade represents a 6.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,178 shares of company stock valued at $1,336,315. 1.47% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Reinhart Partners LLC. increased its position in Wintrust Financial by 14.6% during the 1st quarter. Reinhart Partners LLC. now owns 669,718 shares of the bank’s stock worth $75,317,000 after purchasing an additional 85,129 shares in the last quarter. Vest Financial LLC grew its stake in shares of Wintrust Financial by 411.1% during the first quarter. Vest Financial LLC now owns 101,228 shares of the bank’s stock worth $11,384,000 after buying an additional 81,422 shares during the last quarter. Fulton Bank N.A. acquired a new position in shares of Wintrust Financial during the first quarter worth $261,000. Merit Financial Group LLC increased its holdings in shares of Wintrust Financial by 8.9% during the first quarter. Merit Financial Group LLC now owns 2,295 shares of the bank’s stock worth $258,000 after buying an additional 187 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of Wintrust Financial by 33.9% in the 1st quarter. Parallel Advisors LLC now owns 593 shares of the bank’s stock valued at $67,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Price Performance

NASDAQ WTFC opened at $98.61 on Friday. The firm’s 50 day moving average is $115.85 and its 200-day moving average is $121.79. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $6.60 billion, a PE ratio of 9.56 and a beta of 0.94. Wintrust Financial has a 12-month low of $89.10 and a 12-month high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.11. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same period last year, the company posted $1.87 EPS. Equities research analysts anticipate that Wintrust Financial will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, May 8th. Wintrust Financial’s dividend payout ratio is presently 19.40%.

About Wintrust Financial

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.