Wintrust Financial (NASDAQ:WTFC) Sets New 1-Year High – Here’s Why

Wintrust Financial Corporation (NASDAQ:WTFC)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $146.61 and last traded at $146.7130, with a volume of 27107 shares trading hands. The stock had previously closed at $142.66.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on WTFC shares. Truist Financial raised their target price on shares of Wintrust Financial from $151.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Cowen restated a “buy” rating on shares of Wintrust Financial in a research note on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Wintrust Financial in a research report on Wednesday, October 8th. TD Cowen began coverage on Wintrust Financial in a report on Thursday, September 25th. They issued a “buy” rating and a $166.00 target price on the stock. Finally, DA Davidson reiterated a “buy” rating and issued a $158.00 target price on shares of Wintrust Financial in a report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.00.

Wintrust Financial Stock Up 2.4%

The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.65. The business’s fifty day moving average price is $135.16 and its two-hundred day moving average price is $132.18. The firm has a market cap of $9.79 billion, a P/E ratio of 13.37 and a beta of 0.88.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Thursday, November 6th. The bank reported $3.06 earnings per share for the quarter. The business had revenue of $1.26 billion for the quarter. Wintrust Financial had a net margin of 18.85% and a return on equity of 12.82%. As a group, equities research analysts anticipate that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, November 6th. Wintrust Financial’s payout ratio is 18.38%.

Institutional Investors Weigh In On Wintrust Financial

A number of hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its stake in Wintrust Financial by 5.4% in the 3rd quarter. First Trust Advisors LP now owns 1,992,906 shares of the bank’s stock worth $263,940,000 after purchasing an additional 102,833 shares during the period. Earnest Partners LLC lifted its position in shares of Wintrust Financial by 0.6% during the third quarter. Earnest Partners LLC now owns 1,442,018 shares of the bank’s stock valued at $190,981,000 after buying an additional 8,048 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Wintrust Financial by 6.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,300,234 shares of the bank’s stock valued at $172,204,000 after purchasing an additional 75,155 shares during the last quarter. Invesco Ltd. raised its stake in shares of Wintrust Financial by 9.0% during the 2nd quarter. Invesco Ltd. now owns 1,229,858 shares of the bank’s stock valued at $152,478,000 after buying an additional 101,134 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Wintrust Financial by 1.4% during the 3rd quarter. Bank of America Corp DE now owns 1,071,763 shares of the bank’s stock worth $141,944,000 after buying an additional 15,044 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Company Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.