Wintrust Financial Corporation (NASDAQ:WTFC) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Wintrust Financial Corporation (NASDAQ:WTFC) have been given an average rating of “Moderate Buy” by the fourteen brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $154.3333.

A number of research firms recently commented on WTFC. Jefferies Financial Group decreased their price target on Wintrust Financial from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Tuesday, October 21st. Barclays increased their target price on Wintrust Financial from $175.00 to $178.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. Cowen reaffirmed a “buy” rating on shares of Wintrust Financial in a report on Wednesday. Truist Financial upped their price target on shares of Wintrust Financial from $151.00 to $158.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Piper Sandler restated an “overweight” rating and issued a $161.00 price objective (up previously from $160.00) on shares of Wintrust Financial in a research report on Wednesday, October 22nd.

Wintrust Financial Trading Down 1.4%

Shares of WTFC stock opened at $145.90 on Monday. The company has a market capitalization of $9.77 billion, a P/E ratio of 13.41 and a beta of 0.88. Wintrust Financial has a 12-month low of $89.10 and a 12-month high of $149.79. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $136.90 and a 200 day moving average price of $133.08.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Thursday, November 6th. The bank reported $3.06 earnings per share for the quarter. Wintrust Financial had a net margin of 18.85% and a return on equity of 12.82%. The company had revenue of $1.26 billion during the quarter. Research analysts forecast that Wintrust Financial will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 6th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, November 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.4%. Wintrust Financial’s dividend payout ratio (DPR) is currently 18.38%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WTFC. Advisors Asset Management Inc. acquired a new position in shares of Wintrust Financial during the first quarter valued at $27,000. Millennium Management LLC raised its holdings in Wintrust Financial by 539.2% during the 1st quarter. Millennium Management LLC now owns 594,711 shares of the bank’s stock worth $66,881,000 after purchasing an additional 501,669 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Wintrust Financial during the 1st quarter valued at about $1,208,000. Jones Financial Companies Lllp lifted its position in Wintrust Financial by 49.0% during the 1st quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock valued at $115,000 after purchasing an additional 335 shares during the period. Finally, United Services Automobile Association bought a new position in shares of Wintrust Financial in the 1st quarter valued at about $478,000. 93.48% of the stock is currently owned by institutional investors.

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.