Analysts Set Wintrust Financial Co. (NASDAQ:WTFC) Target Price at $135.77

Wintrust Financial Co. (NASDAQ:WTFC) has received an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $135.77.

A number of brokerages recently weighed in on WTFC. Barclays lifted their target price on Wintrust Financial from $138.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, April 23rd. Stephens dropped their price objective on shares of Wintrust Financial from $145.00 to $132.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. Hovde Group raised their target price on shares of Wintrust Financial from $107.00 to $115.00 and gave the company a “market perform” rating in a research note on Wednesday, April 23rd. Jefferies Financial Group set a $145.00 price target on shares of Wintrust Financial and gave the stock a “buy” rating in a research report on Wednesday, May 21st. Finally, Piper Sandler reiterated an “above average” rating on shares of Wintrust Financial in a report on Wednesday, April 23rd.

Wintrust Financial Stock Performance

NASDAQ:WTFC opened at $121.18 on Friday. 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 50-day moving average price of $111.05 and a two-hundred day moving average price of $121.96. The company has a market capitalization of $8.11 billion, a P/E ratio of 11.75 and a beta of 0.81. Wintrust Financial has a twelve month low of $89.10 and a twelve month high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, April 21st. The bank reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.17. The company had revenue of $643.11 million for the quarter, compared to analyst estimates of $643.11 million. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same period in the prior year, the firm earned $2.89 EPS. As a group, research analysts expect that Wintrust Financial will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Thursday, May 8th. Wintrust Financial’s dividend payout ratio is currently 19.78%.

Hedge Funds Weigh In On Wintrust Financial

Several large investors have recently added to or reduced their stakes in the company. Park Place Capital Corp grew its holdings in shares of Wintrust Financial by 1,264.7% during the first quarter. Park Place Capital Corp now owns 232 shares of the bank’s stock valued at $26,000 after purchasing an additional 215 shares during the last quarter. Advisors Asset Management Inc. bought a new position in Wintrust Financial during the 1st quarter worth $27,000. AlphaQuest LLC acquired a new stake in Wintrust Financial in the first quarter worth $33,000. Wayfinding Financial LLC bought a new stake in Wintrust Financial in the first quarter valued at $36,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Wintrust Financial during the first quarter valued at $38,000. 93.48% of the stock is currently owned by institutional investors.

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.