Wintrust Financial Corporation (WTFC) Given Average Rating of “Hold” by Analysts
Shares of Wintrust Financial Corporation (NASDAQ:WTFC) have received a consensus rating of “Hold” from the eleven brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $82.50.
A number of analysts have recently weighed in on WTFC shares. Keefe, Bruyette & Woods reissued a “buy” rating and set a $82.00 price objective on shares of Wintrust Financial in a research note on Tuesday, August 22nd. ValuEngine raised Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Saturday, September 2nd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $84.00 price objective on shares of Wintrust Financial in a research note on Friday, September 8th.
Shares of Wintrust Financial (NASDAQ:WTFC) traded up $0.68 during midday trading on Friday, reaching $83.58. 348,100 shares of the company’s stock were exchanged, compared to its average volume of 397,530. Wintrust Financial has a twelve month low of $64.14 and a twelve month high of $86.80. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 0.99. The company has a market capitalization of $4,636.04, a PE ratio of 19.88, a P/E/G ratio of 1.40 and a beta of 0.83.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Thursday, November 9th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Wednesday, November 8th. Wintrust Financial’s payout ratio is 13.43%.
In related news, EVP David A. Dykstra sold 22,476 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $79.86, for a total value of $1,794,933.36. Following the completion of the sale, the executive vice president now owns 188,604 shares of the company’s stock, valued at $15,061,915.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Leona A. Gleason sold 8,441 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $80.78, for a total value of $681,863.98. The disclosure for this sale can be found here. Insiders sold 44,500 shares of company stock valued at $3,563,512 in the last ninety days. 2.00% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. purchased a new stake in Wintrust Financial in the second quarter worth $121,000. Meeder Asset Management Inc. bought a new position in Wintrust Financial in the third quarter worth $183,000. Magnetar Financial LLC bought a new position in Wintrust Financial in the third quarter worth $204,000. Csenge Advisory Group bought a new position in Wintrust Financial in the third quarter worth $212,000. Finally, Adviser Investments LLC bought a new position in Wintrust Financial in the third quarter worth $214,000. 91.71% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY WARNING: This piece was posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2017/12/08/wintrust-financial-corporation-wtfc-given-average-rating-of-hold-by-analysts.html.
About Wintrust Financial
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.
Receive News & Ratings for Wintrust Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.