Wintrust Financial (NASDAQ:WTFC) Sets New 12-Month High – What’s Next?

Wintrust Financial Corporation (NASDAQ:WTFC) shares reached a new 52-week high on Thursday . The company traded as high as $163.36 and last traded at $162.2150, with a volume of 145697 shares traded. The stock had previously closed at $159.81.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WTFC. Royal Bank Of Canada boosted their target price on shares of Wintrust Financial from $175.00 to $185.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Citigroup raised their price target on shares of Wintrust Financial from $178.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. DA Davidson reiterated a “buy” rating and issued a $165.00 price objective on shares of Wintrust Financial in a research note on Tuesday, April 21st. Truist Financial cut their price objective on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Finally, Barclays increased their target price on shares of Wintrust Financial from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $168.92.

Wintrust Financial Trading Down 0.4%

The firm’s fifty day simple moving average is $151.50 and its 200 day simple moving average is $146.71. The stock has a market capitalization of $10.88 billion, a P/E ratio of 13.52 and a beta of 0.84. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Monday, April 20th. The bank reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.96 by $0.26. The company had revenue of $713.17 million during the quarter, compared to the consensus estimate of $707.23 million. Wintrust Financial had a net margin of 20.11% and a return on equity of 13.15%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.69 EPS. As a group, equities research analysts forecast that Wintrust Financial Corporation will post 13.09 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were paid a dividend of $0.55 per share. The ex-dividend date was Thursday, May 14th. This represents a $2.20 annualized dividend and a yield of 1.4%. Wintrust Financial’s dividend payout ratio is presently 18.44%.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, CFO David L. Stoehr sold 3,020 shares of the firm’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $150.45, for a total value of $454,359.00. Following the sale, the chief financial officer owned 13,213 shares of the company’s stock, valued at approximately $1,987,895.85. This trade represents a 18.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Suzet M. Mckinney sold 500 shares of Wintrust Financial stock in a transaction on Monday, May 4th. The shares were sold at an average price of $148.96, for a total value of $74,480.00. Following the completion of the transaction, the director owned 3,303 shares in the company, valued at approximately $492,014.88. The trade was a 13.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 13,099 shares of company stock valued at $1,954,386. 1.24% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WTFC. First Trust Advisors LP boosted its stake in shares of Wintrust Financial by 5.4% in the 3rd quarter. First Trust Advisors LP now owns 1,992,906 shares of the bank’s stock valued at $263,940,000 after purchasing an additional 102,833 shares in the last quarter. Earnest Partners LLC grew its holdings in shares of Wintrust Financial by 0.6% during the 3rd quarter. Earnest Partners LLC now owns 1,442,018 shares of the bank’s stock valued at $190,981,000 after purchasing an additional 8,048 shares during the last quarter. Geode Capital Management LLC increased its position in Wintrust Financial by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,273,042 shares of the bank’s stock worth $178,038,000 after purchasing an additional 16,997 shares in the last quarter. Bank of America Corp DE increased its position in 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 purchasing an additional 15,044 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Wintrust Financial by 22.2% in the 4th quarter. Wellington Management Group LLP now owns 832,352 shares of the bank’s stock valued at $116,379,000 after purchasing an additional 151,385 shares during the last quarter. 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.