Wintrust Financial Corp (WTFC) Given Average Rating of “Buy” by Analysts
Shares of Wintrust Financial Corp (NASDAQ:WTFC) have been given a consensus recommendation of “Buy” by the eight research firms that are presently covering the firm. Five research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $72.92.
A number of analysts have recently issued reports on the company. Zacks Investment Research downgraded Wintrust Financial Corp from a “buy” rating to a “hold” rating in a research report on Friday. Keefe, Bruyette & Woods set a $72.00 price target on Wintrust Financial Corp and gave the company a “buy” rating in a research report on Thursday, April 6th. Jefferies Group LLC reiterated a “hold” rating and set a $80.00 price target on shares of Wintrust Financial Corp in a research report on Wednesday, April 5th. Finally, Hovde Group lifted their price target on Wintrust Financial Corp from $74.00 to $76.50 and gave the company a “market perform” rating in a research report on Tuesday, April 25th.
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In related news, Director Peter D. Crist sold 23,225 shares of the firm’s stock in a transaction dated Friday, April 21st. The stock was sold at an average price of $69.82, for a total transaction of $1,621,569.50. Following the transaction, the director now directly owns 73,550 shares of the company’s stock, valued at approximately $5,135,261. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gary D. Sweeney acquired 515 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The shares were purchased at an average cost of $72.81 per share, for a total transaction of $37,497.15. Following the completion of the acquisition, the director now owns 2,150 shares in the company, valued at approximately $156,541.50. The disclosure for this purchase can be found here. Company insiders own 2.00% of the company’s stock.
Several institutional investors have recently made changes to their positions in WTFC. State Board of Administration of Florida Retirement System boosted its position in shares of Wintrust Financial Corp by 0.5% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 32,286 shares of the bank’s stock worth $2,343,000 after buying an additional 150 shares in the last quarter. Wrapmanager Inc. purchased a new position in shares of Wintrust Financial Corp during the fourth quarter worth $245,000. Russell Investments Group Ltd. purchased a new position in shares of Wintrust Financial Corp during the fourth quarter worth $8,797,000. Phocas Financial Corp. boosted its position in shares of Wintrust Financial Corp by 6.5% in the third quarter. Phocas Financial Corp. now owns 213,328 shares of the bank’s stock worth $11,855,000 after buying an additional 13,021 shares in the last quarter. Finally, Highbridge Capital Management LLC boosted its position in shares of Wintrust Financial Corp by 45.5% in the third quarter. Highbridge Capital Management LLC now owns 72,000 shares of the bank’s stock worth $4,001,000 after buying an additional 22,500 shares in the last quarter. 93.59% of the stock is currently owned by institutional investors.
Wintrust Financial Corp (NASDAQ:WTFC) opened at 68.99 on Monday. The firm has a market cap of $3.84 billion, a P/E ratio of 18.35 and a beta of 0.89. The company has a 50-day moving average price of $69.89 and a 200-day moving average price of $69.50. Wintrust Financial Corp has a 1-year low of $46.62 and a 1-year high of $76.71.
Wintrust Financial Corp (NASDAQ:WTFC) last issued its quarterly earnings results on Tuesday, April 18th. The bank reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.10. The firm had revenue of $261.35 million during the quarter, compared to the consensus estimate of $268.40 million. Wintrust Financial Corp had a return on equity of 8.80% and a net margin of 18.18%. During the same quarter last year, the company posted $0.90 EPS. On average, equities research analysts forecast that Wintrust Financial Corp will post $4.09 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 25th. Investors of record on Thursday, May 11th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, May 9th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.81%. Wintrust Financial Corp’s dividend payout ratio is 15.30%.
Wintrust Financial Corp Company Profile
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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