Wintrust Financial Corporation (NASDAQ:WTFC) Receives $152.92 Average PT from Brokerages

Shares of Wintrust Financial Corporation (NASDAQ:WTFC) have received an average rating of “Moderate Buy” from the fourteen research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $152.9167.

Several analysts recently weighed in on WTFC shares. DA Davidson restated a “buy” rating and set a $158.00 price objective on shares of Wintrust Financial in a research report on Tuesday, October 21st. Barclays reissued an “overweight” rating and issued a $175.00 target price on shares of Wintrust Financial in a report on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their price target on shares of Wintrust Financial from $130.00 to $138.00 and gave the company a “market perform” rating in a report on Wednesday, July 23rd. Piper Sandler reiterated an “overweight” rating and set a $161.00 price objective (up from $160.00) on shares of Wintrust Financial in a research report on Wednesday, October 22nd. Finally, Truist Financial increased their price objective on shares of Wintrust Financial from $151.00 to $158.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd.

Hedge Funds Weigh In On Wintrust Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the company. First Trust Advisors LP boosted its stake in shares of Wintrust Financial by 5.4% during the third quarter. First Trust Advisors LP now owns 1,992,906 shares of the bank’s stock valued at $263,940,000 after purchasing an additional 102,833 shares in the last quarter. Earnest Partners LLC raised its holdings in Wintrust Financial by 0.6% in the 3rd quarter. Earnest Partners LLC now owns 1,442,018 shares of the bank’s stock valued at $190,981,000 after buying an additional 8,048 shares during the last quarter. Principal Financial Group Inc. boosted its position in Wintrust Financial by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,300,234 shares of the bank’s stock worth $172,204,000 after buying an additional 75,155 shares during the period. Invesco Ltd. grew its holdings in Wintrust Financial by 9.0% during the 2nd quarter. Invesco Ltd. now owns 1,229,858 shares of the bank’s stock worth $152,478,000 after acquiring an additional 101,134 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Wintrust Financial by 1.4% during the 3rd quarter. Bank of America Corp DE now owns 1,071,763 shares of the bank’s stock worth $141,944,000 after acquiring an additional 15,044 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Stock Performance

NASDAQ WTFC opened at $125.21 on Friday. The firm’s 50 day simple moving average is $130.31 and its 200 day simple moving average is $127.80. The firm has a market capitalization of $8.39 billion, a price-to-earnings ratio of 11.51 and a beta of 0.91. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. Wintrust Financial has a 1 year low of $89.10 and a 1 year high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Thursday, November 6th. The bank reported $3.06 earnings per share for the quarter. The firm had revenue of $1.26 billion during the quarter. Wintrust Financial had a return on equity of 13.05% and a net margin of 18.85%. As a group, research analysts expect that Wintrust Financial will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $2.00 annualized dividend and a dividend yield of 1.6%. Wintrust Financial’s dividend payout ratio (DPR) is 18.38%.

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.