Wintrust Financial (NASDAQ:WTFC) Price Target Raised to $195.00

Wintrust Financial (NASDAQ:WTFC) had its target price raised by Barclays from $190.00 to $195.00 in a report published on Tuesday morning,Benzinga reports. Barclays currently has an overweight rating on the bank’s stock.

Other equities research analysts also recently issued research reports about the stock. UBS Group raised shares of Wintrust Financial from a “neutral” rating to a “buy” rating and raised their price target for the company from $160.00 to $180.00 in a research report on Thursday, October 29th. Piper Sandler lowered their price objective on Wintrust Financial from $195.00 to $186.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 21st. Truist Financial cut their target price on Wintrust Financial from $183.00 to $175.00 and set a “buy” rating on the stock in a research note on Monday, October 26th. Capital One Financial set a $170.00 target price on Wintrust Financial in a report on Tuesday, July 21st. Finally, Raymond James Financial set a $165.00 price target on Wintrust Financial in a research note on Wednesday, October 21st. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.50.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $151.72 on Tuesday. Wintrust Financial has a one year low of $122.00 and a one year high of $167.21. The company’s 50-day moving average is $148.27 and its 200 day moving average is $150.38. The company has a market capitalization of $10.24 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 1.14 and a beta of 0.86. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.97 and a current ratio of 0.98.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Monday, October 19th. The bank reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.06. The business had revenue of $757.88 million during the quarter, compared to analyst estimates of $754.54 million. Wintrust Financial had a net margin of 21.03% and a return on equity of 13.31%. Wintrust Financial’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $3.06 EPS. Sell-side analysts expect that Wintrust Financial will post 13.29 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

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

Insider Activity at Wintrust Financial

In other news, COO David A. Dykstra sold 13,515 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief operating officer owned 166,449 shares of the company’s stock, valued at $27,092,903.73. This represents a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Richard B. Murphy sold 7,136 shares of the company’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 transaction, the insider owned 30,107 shares of the company’s stock, valued at $4,475,706.62. The trade was a 19.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.24% of the stock is owned by insiders.

Hedge Funds Weigh In On Wintrust Financial

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Wintrust Financial in the 2nd quarter valued at about $1,058,088,000. Bank of America Corp DE purchased a new position in Wintrust Financial in the second quarter worth about $168,021,000. Jupiter Topco LLC bought a new stake in Wintrust Financial during the second quarter worth approximately $92,734,000. Bank of New York Mellon Corp bought a new stake in Wintrust Financial during the second quarter worth approximately $92,391,000. Finally, First Trust Advisors LP increased its stake in Wintrust Financial by 26.6% during 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. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Company Profile

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.