Wintrust Financial (NASDAQ:WTFC) Earns Overweight Rating from Stephens

Stephens restated their overweight rating on shares of Wintrust Financial (NASDAQ:WTFC) in a report issued on Thursday morning, Benzinga reports. They currently have a $115.00 price objective on the bank’s stock.

Several other analysts also recently weighed in on WTFC. Citigroup dropped their price target on Wintrust Financial from $115.00 to $113.00 and set a buy rating on the stock in a research note on Monday, April 22nd. Royal Bank of Canada upped their target price on Wintrust Financial from $116.00 to $117.00 and gave the company an outperform rating in a research report on Tuesday, July 9th. Jefferies Financial Group reduced their price target on shares of Wintrust Financial from $118.00 to $116.00 and set a buy rating for the company in a research report on Wednesday, July 3rd. Barclays dropped their price objective on shares of Wintrust Financial from $135.00 to $130.00 and set an overweight rating on the stock in a report on Friday, April 19th. Finally, Hovde Group reiterated a market perform rating and issued a $100.00 price objective on shares of Wintrust Financial in a research note on Friday, June 21st. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $117.00.

Wintrust Financial Stock Performance

Shares of Wintrust Financial stock opened at $105.02 on Thursday. The company has a 50 day moving average price of $98.47 and a 200 day moving average price of $97.88. The firm has a market capitalization of $6.48 billion, a P/E ratio of 10.86 and a beta of 1.18. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 0.85. Wintrust Financial has a 52 week low of $71.86 and a 52 week high of $113.68.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Wednesday, July 17th. The bank reported $2.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.10). The company had revenue of $591.76 million during the quarter, compared to analysts’ expectations of $587.33 million. Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.38 EPS. Sell-side analysts expect that Wintrust Financial will post 10.1 EPS for the current year.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Wednesday, May 8th. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.61%.

Hedge Funds Weigh In On Wintrust Financial

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

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.