Keefe, Bruyette & Woods reaffirmed their buy rating on shares of Wintrust Financial Corporation (NASDAQ:WTFC) in a report published on Tuesday. They currently have a $82.00 price objective on the bank’s stock.

WTFC has been the topic of several other research reports. BidaskClub downgraded shares of Wintrust Financial Corporation from a sell rating to a strong sell rating in a report on Friday, July 28th. Hovde Group upped their price objective on shares of Wintrust Financial Corporation from $74.00 to $76.50 and gave the company a market perform rating in a report on Tuesday, April 25th. ValuEngine upgraded shares of Wintrust Financial Corporation from a hold rating to a buy rating in a report on Friday, June 2nd. Stephens downgraded shares of Wintrust Financial Corporation from an overweight rating to an equal weight rating in a report on Monday, July 10th. Finally, Wedbush restated an outperform rating and set a $89.00 price objective on shares of Wintrust Financial Corporation in a report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $79.86.

Wintrust Financial Corporation (NASDAQ:WTFC) opened at 73.06 on Tuesday. The stock has a market capitalization of $4.08 billion, a PE ratio of 18.43 and a beta of 0.81. Wintrust Financial Corporation has a 12-month low of $51.65 and a 12-month high of $80.52. The company’s 50-day moving average is $75.06 and its 200 day moving average is $72.82.

Wintrust Financial Corporation (NASDAQ:WTFC) last posted its quarterly earnings data on Tuesday, July 18th. The bank reported $1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.12. Wintrust Financial Corporation had a net margin of 19.24% and a return on equity of 9.15%. The firm had revenue of $294.38 million for the quarter, compared to the consensus estimate of $279.69 million. During the same quarter in the prior year, the company posted $0.90 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, equities research analysts expect that Wintrust Financial Corporation will post $4.30 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were issued a $0.14 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $0.56 annualized dividend and a yield of 0.77%. Wintrust Financial Corporation’s dividend payout ratio (DPR) is presently 14.11%.

In related news, insider Edward J. Wehmer sold 29,779 shares of the stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $76.89, for a total value of $2,289,707.31. Following the transaction, the insider now owns 137,352 shares in the company, valued at approximately $10,560,995.28. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gary D. Sweeney purchased 485 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The stock was acquired at an average price of $77.12 per share, for a total transaction of $37,403.20. Following the acquisition, the director now owns 2,186 shares in the company, valued at approximately $168,584.32. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Wintrust Financial Corporation by 6.3% in the second quarter. BlackRock Inc. now owns 6,492,888 shares of the bank’s stock valued at $496,316,000 after buying an additional 382,791 shares during the period. Vanguard Group Inc. increased its position in shares of Wintrust Financial Corporation by 7.7% in the second quarter. Vanguard Group Inc. now owns 4,586,706 shares of the bank’s stock valued at $350,607,000 after buying an additional 327,529 shares during the period. State Street Corp increased its position in shares of Wintrust Financial Corporation by 5.9% in the second quarter. State Street Corp now owns 3,031,640 shares of the bank’s stock valued at $231,743,000 after buying an additional 168,386 shares during the period. JPMorgan Chase & Co. increased its position in shares of Wintrust Financial Corporation by 189.4% in the first quarter. JPMorgan Chase & Co. now owns 1,610,423 shares of the bank’s stock valued at $111,312,000 after buying an additional 1,053,900 shares during the period. Finally, Northern Trust Corp increased its position in shares of Wintrust Financial Corporation by 33.2% in the second quarter. Northern Trust Corp now owns 1,403,270 shares of the bank’s stock valued at $107,265,000 after buying an additional 349,965 shares during the period. Institutional investors own 90.66% of the company’s stock.

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.

Analyst Recommendations for Wintrust Financial Corporation (NASDAQ:WTFC)

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