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

Shares of Wintrust Financial Corporation (NASDAQ:WTFCGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $168.9167.

WTFC has been the subject of a number of recent research reports. Royal Bank Of Canada boosted their target price on shares of Wintrust Financial from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Truist Financial reduced their target price on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. TD Cowen boosted their target price on shares of Wintrust Financial from $173.00 to $176.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Citigroup boosted their target price on shares of Wintrust Financial from $178.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Wintrust Financial in a research report on Wednesday, January 21st.

View Our Latest Stock Report on WTFC

Insider Buying and Selling

In other Wintrust Financial news, Director Suzet M. Mckinney sold 500 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $148.96, for a total transaction of $74,480.00. Following the completion of the transaction, the director directly owned 3,303 shares in the company, valued at $492,014.88. The trade was a 13.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David L. Stoehr sold 3,020 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $150.45, for a total transaction of $454,359.00. Following the transaction, the chief financial officer owned 13,213 shares of the company’s stock, valued at approximately $1,987,895.85. This represents a 18.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 13,099 shares of company stock valued at $1,954,386 over the last quarter. 1.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WTFC. First Trust Advisors LP lifted its stake in Wintrust Financial by 5.4% in the 3rd quarter. First Trust Advisors LP now owns 1,992,906 shares of the bank’s stock valued at $263,940,000 after purchasing an additional 102,833 shares during the last quarter. Earnest Partners LLC lifted its stake in Wintrust Financial by 0.6% in the 3rd quarter. Earnest Partners LLC now owns 1,442,018 shares of the bank’s stock valued at $190,981,000 after purchasing an additional 8,048 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Wintrust Financial by 6.1% in the third quarter. Principal Financial Group Inc. now owns 1,300,234 shares of the bank’s stock valued at $172,204,000 after buying an additional 75,155 shares during the period. Geode Capital Management LLC increased its stake in shares of Wintrust Financial by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,273,042 shares of the bank’s stock valued at $178,038,000 after buying an additional 16,997 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Wintrust Financial by 1.4% in the third quarter. Bank of America Corp DE now owns 1,071,763 shares of the bank’s stock valued at $141,944,000 after buying an additional 15,044 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Trading Down 0.1%

WTFC stock opened at $146.49 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. The company has a fifty day moving average price of $142.35 and a two-hundred day moving average price of $142.04. Wintrust Financial has a one year low of $114.73 and a one year high of $162.96. The stock has a market cap of $9.88 billion, a price-to-earnings ratio of 12.28 and a beta of 0.86.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last released its quarterly earnings data on Monday, April 20th. The bank reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.26. Wintrust Financial had a net margin of 20.11% and a return on equity of 13.15%. The firm had revenue of $713.17 million during the quarter, compared to analysts’ expectations of $707.23 million. During the same period in the previous year, the business posted $2.69 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. Equities analysts anticipate that Wintrust Financial will post 13.07 EPS for the current year.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, May 14th. Wintrust Financial’s payout ratio is presently 18.44%.

Wintrust Financial Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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