Wintrust Financial Corporation (NASDAQ:WTFC) Receives $168.92 Average Target Price from Brokerages

Wintrust Financial Corporation (NASDAQ:WTFC) has earned an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $168.9167.

Several equities analysts recently commented on WTFC shares. Royal Bank Of Canada boosted their price target on Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Barclays boosted their price target on Wintrust Financial from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. TD Cowen boosted their price target on Wintrust Financial from $173.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. DA Davidson reissued a “buy” rating and set a $165.00 price target on shares of Wintrust Financial in a research report on Tuesday, April 21st. Finally, Citigroup boosted their price target on Wintrust Financial from $178.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd.

Wintrust Financial Stock Performance

Wintrust Financial stock opened at $148.15 on Friday. The stock’s 50 day moving average price is $142.32 and its 200 day moving average price is $141.77. The firm has a market capitalization of $9.99 billion, a PE ratio of 12.42 and a beta of 0.86. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98. Wintrust Financial has a one year low of $114.73 and a one year high of $162.96.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Monday, April 20th. The bank reported $3.22 EPS for the quarter, topping the consensus estimate of $2.96 by $0.26. The firm had revenue of $713.17 million for the quarter, compared to analyst estimates of $707.23 million. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.Wintrust Financial’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.69 EPS. As a group, sell-side analysts expect that Wintrust Financial will post 13.07 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th will be 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 is Thursday, May 14th. Wintrust Financial’s payout ratio is 18.44%.

Insider Activity

In other Wintrust Financial news, COO David A. Dykstra sold 9,579 shares of the business’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $148.82, for a total transaction of $1,425,546.78. Following the completion of the transaction, the chief operating officer owned 179,810 shares in the company, valued at approximately $26,759,324.20. The trade was a 5.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Suzet M. Mckinney sold 500 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $148.96, for a total value of $74,480.00. Following the transaction, the director owned 3,303 shares of the company’s stock, valued at $492,014.88. This trade represents a 13.15% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 13,099 shares of company stock worth $1,954,386. 1.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Wintrust Financial

Hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC acquired a new position in Wintrust Financial during the third quarter valued at $27,000. Elyxium Wealth LLC acquired a new position in Wintrust Financial during the fourth quarter valued at $31,000. Creative Financial Designs Inc. ADV raised its position in Wintrust Financial by 231.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock valued at $32,000 after buying an additional 160 shares during the period. Advisors Asset Management Inc. acquired a new position in Wintrust Financial during the first quarter valued at $27,000. Finally, Harbour Investments Inc. raised its position in Wintrust Financial by 72.7% during the fourth quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock valued at $34,000 after buying an additional 101 shares during the period. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Company Profile

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.