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

Wintrust Financial Corporation (NASDAQ:WTFC) has received an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $170.5833.

Several brokerages have recently issued reports on WTFC. Weiss Ratings reiterated a “buy (b)” rating on shares of Wintrust Financial in a report on Monday, June 29th. Truist Financial cut their price objective on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. DA Davidson reiterated a “buy” rating and issued a $185.00 target price on shares of Wintrust Financial in a research note on Tuesday, June 30th. Royal Bank Of Canada boosted their target price on shares of Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Barclays increased their price target on shares of Wintrust Financial from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC opened at $161.19 on Monday. The firm has a market cap of $10.87 billion, a price-to-earnings ratio of 13.51 and a beta of 0.84. Wintrust Financial has a 1 year low of $119.61 and a 1 year high of $164.00. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. The business has a fifty day simple moving average of $152.82 and a 200 day simple moving average of $147.51.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, April 20th. The bank reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $2.96 by $0.26. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The firm had revenue of $713.17 million for the quarter, compared to the consensus estimate of $707.23 million. During the same quarter in the previous year, the company posted $2.69 earnings per share. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, sell-side analysts predict that Wintrust Financial will post 13.09 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, May 14th. Wintrust Financial’s dividend payout ratio is presently 18.44%.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, COO David A. Dykstra sold 9,579 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $148.82, for a total value of $1,425,546.78. Following the completion of the sale, the chief operating officer owned 179,810 shares of the company’s stock, valued at $26,759,324.20. The trade was a 5.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Suzet M. Mckinney sold 500 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $148.96, for a total value of $74,480.00. Following the sale, the director owned 3,303 shares of the company’s stock, valued at approximately $492,014.88. This trade represents a 13.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 13,099 shares of company stock worth $1,954,386 over the last three months. Corporate insiders own 1.24% of the company’s stock.

Institutional Investors Weigh In On Wintrust Financial

Large investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. acquired a new position in Wintrust Financial during the first quarter valued at approximately $27,000. Elyxium Wealth LLC acquired a new stake in shares of Wintrust Financial in the fourth quarter worth $31,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of Wintrust Financial by 231.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock worth $32,000 after buying an additional 160 shares during the period. Harbour Investments Inc. boosted its holdings in shares of Wintrust Financial by 72.7% during the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after buying an additional 101 shares during the period. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Wintrust Financial during the 1st quarter worth $35,000. Institutional investors own 93.48% of the company’s stock.

About Wintrust Financial

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.