Wintrust Financial Corporation (NASDAQ:WTFC) Stock Has Consensus Price Target of $175.14

Shares of Wintrust Financial Corporation (NASDAQ:WTFC) have earned an average recommendation of “Moderate Buy” from the fourteen brokerages that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $175.50.

A number of analysts have issued reports on the stock. DA Davidson set a $180.00 target price on shares of Wintrust Financial in a research note on Tuesday, October 20th. Barclays increased their price target on shares of Wintrust Financial from $190.00 to $195.00 and gave the stock an “overweight” rating in a research note on Tuesday. TD Cowen raised their price target on shares of Wintrust Financial from $173.00 to $174.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. Piper Sandler reduced their price objective on shares of Wintrust Financial from $195.00 to $186.00 and set an “overweight” rating for the company in a research note on Wednesday, October 21st. Finally, Raymond James Financial set a $165.00 price objective on shares of Wintrust Financial in a report on Wednesday, October 21st.

Wintrust Financial Stock Down 2.8%

Shares of Wintrust Financial stock opened at $151.72 on Friday. The firm has a market cap of $10.24 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 1.14 and a beta of 0.86. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.98 and a quick ratio of 0.97. Wintrust Financial has a 52-week low of $122.00 and a 52-week high of $167.21. The stock has a 50-day simple moving average of $148.27 and a 200-day simple moving average of $150.38.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Monday, October 19th. The bank reported $3.37 EPS for the quarter, beating the consensus estimate of $3.31 by $0.06. Wintrust Financial had a return on equity of 13.31% and a net margin of 21.03%. The business had revenue of $757.88 million during the quarter, compared to analysts’ expectations of $754.54 million. During the same quarter in the previous year, the business posted $3.06 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts expect that Wintrust Financial will post 13.29 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Thursday, November 5th will be given a $0.55 dividend. The ex-dividend date of this dividend is Thursday, November 5th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. Wintrust Financial’s payout ratio is currently 16.87%.

Insider Activity

In related news, COO David A. Dykstra sold 13,515 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $162.77, for a total value of $2,199,836.55. Following the transaction, the chief operating officer directly owned 166,449 shares of the company’s stock, valued at approximately $27,092,903.73. This trade represents a 7.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard B. Murphy sold 7,136 shares of the business’s stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $148.66, for a total value of $1,060,837.76. Following the completion of the sale, the insider owned 30,107 shares of the company’s stock, valued at approximately $4,475,706.62. This trade represents a 19.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.24% of the company’s stock.

Hedge Funds Weigh In On Wintrust Financial

Institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Wintrust Financial in the second quarter valued at approximately $1,058,088,000. First Trust Advisors LP grew its stake in shares of Wintrust Financial by 26.6% in the first quarter. First Trust Advisors LP now owns 1,830,268 shares of the bank’s stock worth $254,297,000 after acquiring an additional 385,069 shares during the last quarter. Bank of America Corp DE bought a new position in Wintrust Financial during the second quarter worth $168,021,000. Bank of New York Mellon Corp increased its position in Wintrust Financial by 13.2% during the first quarter. Bank of New York Mellon Corp now owns 595,830 shares of the bank’s stock worth $82,785,000 after acquiring an additional 69,444 shares during the period. Finally, Jupiter Topco LLC bought a new position in Wintrust Financial during the second quarter worth $92,734,000. Institutional investors own 93.48% of the company’s stock.

About Wintrust Financial

Wintrust Financial Corporation (NASDAQ: WTFC) is a financial holding company headquartered in Rosemont, Illinois. Through its network of community banking subsidiaries, the company provides banking and financial services to individuals, families, businesses and institutions.

Its offerings include checking and savings accounts, commercial and consumer lending, residential mortgages, treasury management, cash management and other deposit services. Wintrust also provides wealth management, investment services, insurance-related products and specialized finance solutions, including equipment finance and premium finance.

Founded in 1991, Wintrust has built its business through a community banking model that combines local decision-making and relationship-based service with the resources of a larger financial organization.