Analysts Set Wintrust Financial Corporation (NASDAQ:WTFC) PT at $150.92

Shares of Wintrust Financial Corporation (NASDAQ:WTFC) have earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $152.9167.

WTFC has been the topic of a number of analyst reports. Royal Bank Of Canada upped their price target on Wintrust Financial from $137.00 to $158.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. DA Davidson reiterated a “buy” rating and issued a $158.00 price target on shares of Wintrust Financial in a research report on Tuesday, October 21st. Keefe, Bruyette & Woods upped their price target on Wintrust Financial from $130.00 to $138.00 and gave the company a “market perform” rating in a research report on Wednesday, July 23rd. Raymond James Financial reiterated a “strong-buy” rating and issued a $157.00 price target (up previously from $155.00) on shares of Wintrust Financial in a research report on Wednesday, July 23rd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $161.00 price target (up previously from $160.00) on shares of Wintrust Financial in a research report on Wednesday.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, COO David A. Dykstra sold 14,942 shares of the company’s stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $131.53, for a total value of $1,965,321.26. Following the sale, the chief operating officer owned 182,208 shares in the company, valued at approximately $23,965,818.24. The trade was a 7.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.01% of the company’s stock.

Institutional Investors Weigh In On Wintrust Financial

Several institutional investors and hedge funds have recently made changes to their positions in WTFC. Norges Bank bought a new stake in shares of Wintrust Financial during the 2nd quarter valued at about $87,418,000. Millennium Management LLC boosted its position in shares of Wintrust Financial by 539.2% during the 1st quarter. Millennium Management LLC now owns 594,711 shares of the bank’s stock valued at $66,881,000 after purchasing an additional 501,669 shares in the last quarter. Nuveen LLC bought a new stake in shares of Wintrust Financial during the 1st quarter valued at about $47,769,000. Azora Capital LP bought a new stake in shares of Wintrust Financial during the 2nd quarter valued at about $44,085,000. Finally, Jennison Associates LLC boosted its position in shares of Wintrust Financial by 53.3% during the 1st quarter. Jennison Associates LLC now owns 807,390 shares of the bank’s stock valued at $90,799,000 after purchasing an additional 280,568 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Trading Up 2.3%

Shares of WTFC stock opened at $129.04 on Wednesday. The firm has a market capitalization of $8.64 billion, a P/E ratio of 11.86 and a beta of 0.83. Wintrust Financial has a twelve month low of $89.10 and a twelve month high of $142.04. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.68. The stock’s fifty day simple moving average is $132.48 and its 200 day simple moving average is $124.97.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Monday, October 20th. The bank reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.43. The business had revenue of $697.84 million for the quarter, compared to analyst estimates of $689.10 million. Wintrust Financial had a return on equity of 13.05% and a net margin of 18.85%.During the same quarter in the previous year, the company posted $2.47 EPS. As a group, sell-side analysts predict that Wintrust Financial will post 10.36 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, November 6th. Wintrust Financial’s payout ratio is 18.38%.

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.