Wintrust Financial (NASDAQ:WTFC) PT Lowered to $107.00 at Truist Financial

Wintrust Financial (NASDAQ:WTFCFree Report) had its price objective trimmed by Truist Financial from $112.00 to $107.00 in a report published on Monday morning, Benzinga reports. The firm currently has a buy rating on the bank’s stock.

Other equities research analysts have also issued research reports about the company. StockNews.com raised Wintrust Financial from a sell rating to a hold rating in a research report on Thursday, April 18th. Stephens reiterated an overweight rating and issued a $110.00 price target on shares of Wintrust Financial in a research note on Tuesday, April 16th. Citigroup dropped their price objective on shares of Wintrust Financial from $115.00 to $113.00 and set a buy rating on the stock in a research report on Monday, April 22nd. Wedbush reiterated an outperform rating and set a $116.00 target price on shares of Wintrust Financial in a research note on Thursday, April 18th. Finally, Royal Bank of Canada raised their price target on Wintrust Financial from $109.00 to $116.00 and gave the company an outperform rating in a research note on Tuesday, April 9th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $110.77.

Read Our Latest Analysis on WTFC

Wintrust Financial Stock Up 1.6 %

NASDAQ WTFC opened at $100.16 on Monday. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.78. Wintrust Financial has a 52 week low of $71.86 and a 52 week high of $105.29. The business’s fifty day simple moving average is $97.60 and its 200-day simple moving average is $97.16. The firm has a market cap of $6.18 billion, a PE ratio of 10.36 and a beta of 1.18.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last announced its earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.47. The company had revenue of $604.77 million during the quarter, compared to analyst estimates of $577.80 million. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.09%. Wintrust Financial’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.80 earnings per share. As a group, equities analysts anticipate that Wintrust Financial will post 10.11 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Wednesday, May 8th. Wintrust Financial’s payout ratio is 18.61%.

Hedge Funds Weigh In On Wintrust Financial

A number of hedge funds have recently bought and sold shares of the company. Johnson Financial Group Inc. bought a new position in Wintrust Financial during the fourth quarter worth $25,000. Concord Wealth Partners acquired a new stake in shares of Wintrust Financial during the first quarter worth $26,000. Opal Wealth Advisors LLC bought a new position in shares of Wintrust Financial in the 1st quarter worth about $27,000. Versant Capital Management Inc boosted its holdings in shares of Wintrust Financial by 825.0% in the 2nd quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock valued at $29,000 after buying an additional 264 shares during the period. Finally, Quent Capital LLC grew its position in shares of Wintrust Financial by 120.8% during the 4th quarter. Quent Capital LLC now owns 351 shares of the bank’s stock valued at $33,000 after buying an additional 192 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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