Wintrust Financial Corporation (NASDAQ:WTFC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Wintrust Financial Corporation (NASDAQ:WTFC) has been given an average recommendation of “Moderate Buy” by the fourteen analysts 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 12 month price objective among brokers that have issued ratings on the stock in the last year is $152.9167.

A number of equities research analysts recently commented on the company. Cowen restated a “buy” rating on shares of Wintrust Financial in a research report on Wednesday, October 22nd. DA Davidson restated a “buy” rating and set a $158.00 target price on shares of Wintrust Financial in a report on Tuesday, October 21st. Jefferies Financial Group cut their price target on Wintrust Financial from $165.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. TD Cowen initiated coverage on shares of Wintrust Financial in a report on Thursday, September 25th. They set a “buy” rating and a $166.00 price objective on the stock. Finally, Truist Financial raised their price objective on shares of Wintrust Financial from $151.00 to $158.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd.

Wintrust Financial Stock Up 0.3%

WTFC opened at $141.31 on Thursday. The firm has a market cap of $9.46 billion, a price-to-earnings ratio of 12.99 and a beta of 0.90. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.00 and a current ratio of 1.00. The firm’s 50-day simple moving average is $131.15 and its 200-day simple moving average is $130.01. Wintrust Financial has a twelve month low of $89.10 and a twelve month high of $143.76.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Thursday, November 6th. The bank reported $3.06 EPS for the quarter. The firm had revenue of $1.26 billion for the quarter. Wintrust Financial had a net margin of 18.85% and a return on equity of 12.82%. Equities research analysts anticipate that Wintrust Financial will post 10.36 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 6th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.4%. The ex-dividend date was Thursday, November 6th. Wintrust Financial’s payout ratio is 18.38%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Allworth Financial LP lifted its stake in shares of Wintrust Financial by 29.8% during the third quarter. Allworth Financial LP now owns 584 shares of the bank’s stock valued at $77,000 after acquiring an additional 134 shares during the period. Swiss Life Asset Management Ltd raised its holdings in Wintrust Financial by 80.7% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 3,121 shares of the bank’s stock worth $413,000 after purchasing an additional 1,394 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new position in Wintrust Financial during the 3rd quarter valued at about $14,094,000. CIBC Private Wealth Group LLC boosted its stake in shares of Wintrust Financial by 6.2% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 6,954 shares of the bank’s stock valued at $921,000 after purchasing an additional 405 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Wintrust Financial during the 3rd quarter worth approximately $3,179,000. 93.48% of the stock is currently owned by institutional investors.

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.