Brokerages Set Wintrust Financial Co. (NASDAQ:WTFC) Price Target at $123.00

Shares of Wintrust Financial Co. (NASDAQ:WTFC) have been given an average rating of “Moderate Buy” by the thirteen brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $123.00.

Several equities research analysts have recently issued reports on the company. Piper Sandler raised their price objective on Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. DA Davidson raised their price target on Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Wedbush reaffirmed an “outperform” rating and set a $130.00 price objective on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Stephens reissued an “overweight” rating and issued a $115.00 target price on shares of Wintrust Financial in a research report on Thursday, July 18th. Finally, Keefe, Bruyette & Woods lowered shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $110.00 to $115.00 in a research report on Friday, July 19th.

Wintrust Financial Trading Up 0.5 %

Shares of WTFC stock opened at $133.66 on Wednesday. Wintrust Financial has a twelve month low of $77.16 and a twelve month high of $134.82. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 14.00 and a beta of 1.15. The firm has a 50-day moving average price of $111.58 and a 200 day moving average price of $104.41. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The firm had revenue of $615.73 million during the quarter, compared to analyst estimates of $623.45 million. During the same period in the prior year, the firm earned $2.53 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. Research analysts forecast that Wintrust Financial will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.35%. Wintrust Financial’s dividend payout ratio (DPR) is 18.85%.

Insider Buying and Selling at Wintrust Financial

In other news, insider Richard B. Murphy sold 4,099 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total value of $473,967.37. Following the completion of the sale, the insider now owns 42,311 shares of the company’s stock, valued at $4,892,420.93. This represents a 0.00 % 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. In other news, CFO David L. Stoehr sold 1,607 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total transaction of $182,330.22. Following the transaction, the chief financial officer now directly owns 14,874 shares of the company’s stock, valued at approximately $1,687,604.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Richard B. Murphy sold 4,099 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total transaction of $473,967.37. Following the sale, the insider now directly owns 42,311 shares of the company’s stock, valued at approximately $4,892,420.93. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,198 shares of company stock valued at $2,445,314 over the last three months. 1.47% of the stock is owned by company insiders.

Hedge Funds Weigh In On Wintrust Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP lifted its stake in shares of Wintrust Financial by 13.8% in the third quarter. Westfield Capital Management Co. LP now owns 237,311 shares of the bank’s stock worth $25,755,000 after acquiring an additional 28,727 shares in the last quarter. Alpha DNA Investment Management LLC raised its position in shares of Wintrust Financial by 19.2% in the 3rd quarter. Alpha DNA Investment Management LLC now owns 4,629 shares of the bank’s stock valued at $502,000 after purchasing an additional 746 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Wintrust Financial by 19.1% during the 3rd quarter. Cerity Partners LLC now owns 26,036 shares of the bank’s stock valued at $2,826,000 after buying an additional 4,170 shares during the last quarter. Siena Capital Partners GP LLC acquired a new stake in shares of Wintrust Financial during the third quarter worth approximately $5,238,000. Finally, Raymond James Trust N.A. increased its stake in shares of Wintrust Financial by 3.6% in the third quarter. Raymond James Trust N.A. now owns 4,327 shares of the bank’s stock worth $470,000 after buying an additional 151 shares during the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Company Profile

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.