Wintrust Financial Corporation (NASDAQ:WTFC) Given Average Recommendation of “Moderate Buy” by Analysts

Wintrust Financial Corporation (NASDAQ:WTFC) has been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $152.9167.

A number of equities analysts recently weighed in on WTFC shares. Jefferies Financial Group decreased their price objective on shares of Wintrust Financial from $165.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. Barclays reissued an “overweight” rating and issued a $175.00 target price on shares of Wintrust Financial in a report on Wednesday, October 8th. Cowen reaffirmed a “buy” rating on shares of Wintrust Financial in a report on Wednesday, October 22nd. Truist Financial increased their price objective on Wintrust Financial from $151.00 to $158.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, Piper Sandler reissued an “overweight” rating and issued a $161.00 target price (up previously from $160.00) on shares of Wintrust Financial in a research report on Wednesday, October 22nd.

Institutional Investors Weigh In On Wintrust Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in WTFC. Norges Bank purchased a new stake in Wintrust Financial during the 2nd quarter valued at $87,418,000. Wellington Management Group LLP purchased a new position in shares of Wintrust Financial in the 3rd quarter worth $90,187,000. Millennium Management LLC grew its holdings in shares of Wintrust Financial by 539.2% in the first quarter. Millennium Management LLC now owns 594,711 shares of the bank’s stock worth $66,881,000 after acquiring an additional 501,669 shares during the period. Nuveen LLC purchased a new stake in Wintrust Financial during the first quarter valued at $47,769,000. Finally, Thrivent Financial for Lutherans increased its position in Wintrust Financial by 417.9% during the third quarter. Thrivent Financial for Lutherans now owns 506,766 shares of the bank’s stock valued at $67,116,000 after acquiring an additional 408,925 shares during the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $141.03 on Thursday. The company has a market capitalization of $9.44 billion, a price-to-earnings ratio of 12.96 and a beta of 0.90. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.00 and a current ratio of 1.00. Wintrust Financial has a one year low of $89.10 and a one year high of $141.69. The company’s 50-day moving average is $130.55 and its 200 day moving average is $129.48.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Thursday, November 6th. The bank reported $3.06 earnings per share (EPS) for the quarter. Wintrust Financial had a net margin of 18.85% and a return on equity of 12.82%. The firm had revenue of $1.26 billion for the quarter. Sell-side analysts expect that Wintrust Financial will post 10.36 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, November 6th. Wintrust Financial’s payout ratio is presently 18.38%.

Wintrust Financial Company Profile

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.