Hovde Group reaffirmed their market perform rating on shares of Wintrust Financial (NASDAQ:WTFC) in a research report released on Thursday morning, Marketbeat Ratings reports. Hovde Group currently has a $90.00 target price on the bank’s stock, up from their prior target price of $85.00.

Several other research analysts have also weighed in on the company. BidaskClub lowered Wintrust Financial from a buy rating to a hold rating in a research report on Tuesday, January 30th. DA Davidson lifted their price objective on Wintrust Financial to $93.00 and gave the stock a neutral rating in a research report on Wednesday, January 24th. SunTrust Banks reissued a hold rating and issued a $94.00 price objective on shares of Wintrust Financial in a research report on Tuesday, January 9th. Piper Jaffray Companies reissued a hold rating and issued a $86.00 price objective on shares of Wintrust Financial in a research report on Tuesday, January 9th. Finally, Zacks Investment Research raised Wintrust Financial from a hold rating to a buy rating and set a $92.00 price objective for the company in a research report on Saturday, January 6th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $88.67.

Wintrust Financial (WTFC) opened at $81.83 on Thursday. Wintrust Financial has a 12-month low of $64.14 and a 12-month high of $89.34. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.01 and a quick ratio of 0.99. The firm has a market capitalization of $4,483.37, a PE ratio of 18.60, a PEG ratio of 1.07 and a beta of 0.85.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, January 22nd. The bank reported $1.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.04. Wintrust Financial had a return on equity of 9.49% and a net margin of 20.35%. The firm had revenue of $300.14 million during the quarter, compared to analyst estimates of $299.47 million. During the same period last year, the company posted $0.94 EPS. The business’s quarterly revenue was up 8.7% on a year-over-year basis. research analysts predict that Wintrust Financial will post 5.56 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, February 7th. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.14. This represents a $0.76 annualized dividend and a dividend yield of 0.93%. Wintrust Financial’s dividend payout ratio (DPR) is currently 17.27%.

In other news, insider Edward J. Wehmer sold 14,173 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.66, for a total value of $1,242,405.18. Following the completion of the sale, the insider now directly owns 134,864 shares in the company, valued at approximately $11,822,178.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP David A. Dykstra sold 11,235 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $87.56, for a total value of $983,736.60. Following the completion of the sale, the executive vice president now owns 39,365 shares of the company’s stock, valued at $3,446,799.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,676 shares of company stock valued at $2,687,566. 2.00% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Cerebellum GP LLC acquired a new stake in shares of Wintrust Financial in the 4th quarter valued at about $126,000. Meeder Asset Management Inc. acquired a new stake in shares of Wintrust Financial in the 3rd quarter valued at about $183,000. Trust Co. of Toledo NA OH acquired a new position in Wintrust Financial during the 4th quarter valued at about $200,000. Magnetar Financial LLC acquired a new position in Wintrust Financial during the 3rd quarter valued at about $204,000. Finally, Csenge Advisory Group acquired a new position in Wintrust Financial during the 3rd quarter valued at about $212,000. Institutional investors own 90.79% of the company’s stock.

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About Wintrust Financial

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 (NASDAQ:WTFC)

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