Wintrust Financial (NASDAQ:WTFC) Price Target Raised to $170.00

Wintrust Financial (NASDAQ:WTFC) had its price objective raised by TD Cowen from $168.00 to $170.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a buy rating on the bank’s stock.

Other equities analysts have also issued reports about the stock. DA Davidson reissued a “buy” rating and issued a $158.00 target price on shares of Wintrust Financial in a report on Tuesday, October 21st. Jefferies Financial Group lowered their price objective on Wintrust Financial from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. Truist Financial boosted their target price on Wintrust Financial from $151.00 to $158.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Barclays boosted their price objective on Wintrust Financial from $175.00 to $178.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $161.00 price target (up from $160.00) on shares of Wintrust Financial in a research report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Wintrust Financial currently has a consensus rating of “Moderate Buy” and an average price target of $154.33.

Wintrust Financial Stock Down 1.4%

WTFC opened at $145.90 on Wednesday. The stock’s fifty day simple moving average is $136.90 and its 200 day simple moving average is $132.92. 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 stock has a market cap of $9.77 billion, a PE ratio of 13.41 and a beta of 0.88. Wintrust Financial has a 1-year low of $89.10 and a 1-year high of $149.79.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Thursday, November 6th. The bank reported $3.06 earnings per share for the quarter. The firm 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, research analysts expect that Wintrust Financial will post 10.36 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th were issued a $0.50 dividend. The ex-dividend date was Thursday, November 6th. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. Wintrust Financial’s dividend payout ratio (DPR) is currently 18.38%.

Institutional Investors Weigh In On Wintrust Financial

Several institutional investors and hedge funds have recently bought and sold shares of WTFC. Maseco LLP bought a new stake in shares of Wintrust Financial during the 2nd quarter valued at $25,000. Root Financial Partners LLC bought a new position in shares of Wintrust Financial during the third quarter valued at $27,000. Advisors Asset Management Inc. purchased a new stake in shares of Wintrust Financial during the first quarter valued at $27,000. MassMutual Private Wealth & Trust FSB increased its holdings in Wintrust Financial by 52.9% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 289 shares of the bank’s stock worth $36,000 after buying an additional 100 shares in the last quarter. Finally, REAP Financial Group LLC raised its position in Wintrust Financial by 196.0% in the 2nd quarter. REAP Financial Group LLC now owns 296 shares of the bank’s stock worth $37,000 after buying an additional 196 shares during the last quarter. Hedge funds and other institutional investors 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.