Wintrust Financial Corporation (NASDAQ:WTFC) Receives $74.92 Average PT from Analysts
Shares of Wintrust Financial Corporation (NASDAQ:WTFC) have been assigned a consensus rating of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $78.67.
Several research firms have commented on WTFC. Zacks Investment Research downgraded Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Jefferies Group LLC reissued a “hold” rating and issued a $80.00 price target on shares of Wintrust Financial Corporation in a research note on Sunday, June 11th. Hovde Group reissued a “market perform” rating and issued a $80.00 price target (up previously from $76.50) on shares of Wintrust Financial Corporation in a research note on Tuesday. Piper Jaffray Companies set a $72.00 price target on Wintrust Financial Corporation and gave the company a “hold” rating in a research note on Tuesday, July 18th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $74.00 target price on shares of Wintrust Financial Corporation in a research note on Thursday, April 20th.
Wintrust Financial Corporation (WTFC) opened at 75.70 on Tuesday. Wintrust Financial Corporation has a 52-week low of $51.66 and a 52-week high of $80.52. The stock’s 50 day moving average is $76.20 and its 200 day moving average is $72.60. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 19.09 and a beta of 0.81.
Wintrust Financial Corporation (NASDAQ:WTFC) last posted its earnings results on Tuesday, July 18th. The bank reported $1.11 EPS for the quarter, beating the consensus estimate of $0.99 by $0.12. The firm had revenue of $294.38 million during the quarter, compared to the consensus estimate of $279.69 million. Wintrust Financial Corporation had a return on equity of 9.15% and a net margin of 19.24%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the company earned $0.90 earnings per share. On average, analysts predict that Wintrust Financial Corporation will post $4.28 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Tuesday, August 8th. Wintrust Financial Corporation’s dividend payout ratio is currently 14.11%.
In related news, insider Edward J. Wehmer sold 29,779 shares of the business’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $76.89, for a total transaction of $2,289,707.31. Following the completion of the transaction, the insider now directly owns 137,352 shares in the company, valued at $10,560,995.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP David A. Dykstra sold 26,861 shares of Wintrust Financial Corporation stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $76.82, for a total value of $2,063,462.02. Following the sale, the executive vice president now directly owns 185,651 shares of the company’s stock, valued at approximately $14,261,709.82. The disclosure for this sale can be found here. Company insiders own 1.97% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Chicago Equity Partners LLC raised its stake in Wintrust Financial Corporation by 84.2% in the second quarter. Chicago Equity Partners LLC now owns 131,785 shares of the bank’s stock worth $10,074,000 after buying an additional 60,250 shares during the period. Cim Investment Mangement Inc. raised its position in Wintrust Financial Corporation by 49.9% in the second quarter. Cim Investment Mangement Inc. now owns 7,273 shares of the bank’s stock worth $556,000 after buying an additional 2,420 shares during the last quarter. Principal Financial Group Inc. raised its position in Wintrust Financial Corporation by 12.2% in the second quarter. Principal Financial Group Inc. now owns 238,107 shares of the bank’s stock worth $18,201,000 after buying an additional 25,798 shares during the last quarter. Greenwood Capital Associates LLC raised its position in Wintrust Financial Corporation by 1.8% in the second quarter. Greenwood Capital Associates LLC now owns 4,399 shares of the bank’s stock worth $336,000 after buying an additional 78 shares during the last quarter. Finally, IndexIQ Advisors LLC acquired a new position in Wintrust Financial Corporation during the second quarter worth approximately $524,000. 89.70% of the stock is owned by institutional investors.
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About Wintrust Financial Corporation
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 offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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