Jefferies Financial Group Reiterates $145.00 Price Target for Wintrust Financial (NASDAQ:WTFC)

Jefferies Financial Group set a $145.00 price target on Wintrust Financial (NASDAQ:WTFC) in a report issued on Wednesday, MarketBeat.com reports. The brokerage currently has a buy rating on the bank’s stock.

Other analysts have also recently issued reports about the company. Stephens dropped their price target on Wintrust Financial from $145.00 to $132.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. Piper Sandler reissued an “above average” rating on shares of Wintrust Financial in a research note on Wednesday, April 23rd. Hovde Group raised their price target on Wintrust Financial from $107.00 to $115.00 and gave the company a “market perform” rating in a report on Wednesday, April 23rd. Barclays lifted their price target on Wintrust Financial from $138.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 23rd. Finally, Royal Bank of Canada cut their price objective on shares of Wintrust Financial from $152.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Wintrust Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.77.

Wintrust Financial Stock Performance

Shares of Wintrust Financial stock opened at $118.21 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $7.91 billion, a P/E ratio of 11.47 and a beta of 0.81. The business has a fifty day simple moving average of $110.82 and a two-hundred day simple moving average of $122.14. Wintrust Financial has a 12 month low of $89.10 and a 12 month high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings results on Monday, April 21st. The bank reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.17. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. The company had revenue of $643.11 million during the quarter, compared to analyst estimates of $643.11 million. During the same period last year, the business earned $2.89 EPS. On average, equities analysts forecast that Wintrust Financial will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Thursday, May 8th. Wintrust Financial’s dividend payout ratio (DPR) is 19.78%.

Institutional Trading of Wintrust Financial

A number of institutional investors have recently made changes to their positions in WTFC. Earnest Partners LLC purchased a new position in shares of Wintrust Financial during the fourth quarter valued at approximately $163,767,000. Norges Bank bought a new stake in Wintrust Financial in the 4th quarter worth approximately $94,906,000. Sei Investments Co. raised its stake in Wintrust Financial by 261.4% during the 4th quarter. Sei Investments Co. now owns 698,628 shares of the bank’s stock valued at $87,126,000 after buying an additional 505,293 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Wintrust Financial by 539.2% during the 1st quarter. Millennium Management LLC now owns 594,711 shares of the bank’s stock valued at $66,881,000 after buying an additional 501,669 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Wintrust Financial in the 1st quarter worth $47,769,000. Hedge funds and other institutional investors own 93.48% of the company’s stock.

About Wintrust Financial

Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services.