Shares of Wintrust Financial Corp (NASDAQ:WTFC) have been assigned a consensus rating of “Hold” from the eleven brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $76.20.

Several brokerages recently issued reports on WTFC. UBS Group cut their price target on Wintrust Financial from $72.00 to $67.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. BidaskClub lowered Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. SunTrust Banks dropped their price objective on Wintrust Financial from $77.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. DA Davidson reiterated a “buy” rating on shares of Wintrust Financial in a research report on Monday, November 18th. Finally, Royal Bank of Canada set a $75.00 price target on Wintrust Financial and gave the company a “buy” rating in a research note on Friday, October 18th.

Shares of WTFC traded down $1.22 during midday trading on Tuesday, reaching $66.03. 52,233 shares of the stock were exchanged, compared to its average volume of 354,258. The stock’s 50 day simple moving average is $66.17 and its 200 day simple moving average is $67.34. The company has a market cap of $3.88 billion, a P/E ratio of 11.27 and a beta of 1.10. Wintrust Financial has a twelve month low of $59.34 and a twelve month high of $79.17. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.49.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Wednesday, October 16th. The bank reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.07. Wintrust Financial had a net margin of 20.24% and a return on equity of 10.65%. The business had revenue of $380.00 million for the quarter, compared to the consensus estimate of $374.98 million. During the same period in the prior year, the company posted $1.57 earnings per share. Wintrust Financial’s revenue was up 9.4% compared to the same quarter last year. As a group, analysts predict that Wintrust Financial will post 6.16 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.51%. Wintrust Financial’s dividend payout ratio is currently 17.06%.

In related news, Director Gary D. Sweeney acquired 786 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was acquired at an average cost of $63.60 per share, for a total transaction of $49,989.60. Following the transaction, the director now directly owns 5,178 shares in the company, valued at $329,320.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.58% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund raised its holdings in Wintrust Financial by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 22,810 shares of the bank’s stock valued at $1,669,000 after buying an additional 323 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Wintrust Financial by 1.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 10,003 shares of the bank’s stock worth $731,000 after buying an additional 166 shares during the period. FDx Advisors Inc. acquired a new position in Wintrust Financial during the 2nd quarter worth about $308,000. Brookstone Capital Management bought a new stake in shares of Wintrust Financial in the 2nd quarter valued at about $216,000. Finally, Arizona State Retirement System grew its position in shares of Wintrust Financial by 1.4% in the 2nd quarter. Arizona State Retirement System now owns 41,125 shares of the bank’s stock valued at $3,009,000 after buying an additional 550 shares during the last quarter. 86.80% of the stock is currently owned by institutional investors.

About Wintrust Financial

Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), Internet banking, and other services.

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Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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