Wintrust Financial Corp. (NASDAQ:WTFC) has received a consensus recommendation of “Hold” from the twelve analysts that are presently covering the company. Nine research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $52.89.

A number of research firms recently commented on WTFC. Zacks Investment Research upgraded shares of Wintrust Financial Corp. from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research note on Friday, October 21st. Jefferies Group reiterated a “hold” rating and set a $54.00 price objective on shares of Wintrust Financial Corp. in a research note on Sunday, October 23rd. Finally, Hovde Group began coverage on shares of Wintrust Financial Corp. in a research note on Wednesday, August 24th. They set a “market perform” rating and a $59.00 price objective on the stock.

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Wintrust Financial Corp. (NASDAQ:WTFC) opened at 66.18 on Wednesday. Wintrust Financial Corp. has a one year low of $37.96 and a one year high of $66.28. The firm has a 50-day moving average price of $57.25 and a 200 day moving average price of $54.04. The firm has a market capitalization of $3.43 billion, a P/E ratio of 19.67 and a beta of 0.83.

Wintrust Financial Corp. (NASDAQ:WTFC) last announced its quarterly earnings results on Monday, October 17th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. Wintrust Financial Corp. had a net margin of 17.23% and a return on equity of 8.46%. The company had revenue of $271.24 million for the quarter, compared to analyst estimates of $264.11 million. During the same quarter last year, the business earned $0.69 earnings per share. Wintrust Financial Corp.’s revenue was up 17.7% compared to the same quarter last year. Equities research analysts anticipate that Wintrust Financial Corp. will post $3.63 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 25th. Investors of record on Thursday, November 10th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Tuesday, November 8th. Wintrust Financial Corp.’s payout ratio is 14.29%.

In related news, insider David L. Stoehr sold 7,252 shares of the firm’s stock in a transaction that occurred on Thursday, October 20th. The shares were sold at an average price of $55.00, for a total transaction of $398,860.00. Following the completion of the sale, the insider now directly owns 8,038 shares in the company, valued at $442,090. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Marla F. Glabe bought 900 shares of Wintrust Financial Corp. stock in a transaction that occurred on Thursday, October 20th. The shares were acquired at an average price of $55.00 per share, with a total value of $49,500.00. Following the completion of the acquisition, the director now directly owns 3,771 shares of the company’s stock, valued at approximately $207,405. The disclosure for this purchase can be found here. Corporate insiders own 2.00% of the company’s stock.

A number of hedge funds have recently modified their holdings of the company. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Wintrust Financial Corp. by 138.9% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 26,933 shares of the company’s stock worth $1,496,000 after buying an additional 15,661 shares during the last quarter. Phocas Financial Corp. boosted its stake in shares of Wintrust Financial Corp. by 6.5% in the third quarter. Phocas Financial Corp. now owns 213,328 shares of the company’s stock worth $11,855,000 after buying an additional 13,021 shares during the last quarter. Cetera Advisor Networks LLC boosted its stake in shares of Wintrust Financial Corp. by 0.5% in the third quarter. Cetera Advisor Networks LLC now owns 4,237 shares of the company’s stock worth $235,000 after buying an additional 22 shares during the last quarter. Highbridge Capital Management LLC boosted its stake in shares of Wintrust Financial Corp. by 45.5% in the third quarter. Highbridge Capital Management LLC now owns 72,000 shares of the company’s stock worth $4,001,000 after buying an additional 22,500 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Wintrust Financial Corp. during the third quarter worth $1,870,000. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Wintrust Financial Corp. Company Profile

Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company provides community-oriented, personal and commercial banking services to customers located in the Chicago metropolitan area and in southeastern Wisconsin through its banking subsidiaries (the banks).

5 Day Chart for NASDAQ:WTFC

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