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

Wintrust Financial Corporation (NASDAQ:WTFC) has earned an average recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $154.00.

A number of equities research analysts recently weighed in on the stock. TD Cowen started coverage on shares of Wintrust Financial in a research note on Thursday, September 25th. They set a “buy” rating and a $166.00 price target for the company. Truist Financial lifted their target price on shares of Wintrust Financial from $151.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Jefferies Financial Group cut their price target on Wintrust Financial from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Tuesday, October 21st. Barclays raised their price target on Wintrust Financial from $175.00 to $178.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. Finally, DA Davidson reiterated a “buy” rating and issued a $158.00 price objective on shares of Wintrust Financial in a report on Tuesday, October 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Allworth Financial LP raised its holdings in Wintrust Financial by 29.8% in the third quarter. Allworth Financial LP now owns 584 shares of the bank’s stock worth $77,000 after purchasing an additional 134 shares during the period. Swiss Life Asset Management Ltd increased its position in shares of Wintrust Financial by 80.7% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 3,121 shares of the bank’s stock valued at $413,000 after buying an additional 1,394 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new stake in Wintrust Financial during the 3rd quarter worth $14,094,000. CIBC Private Wealth Group LLC lifted its holdings in Wintrust Financial by 6.2% during the third quarter. CIBC Private Wealth Group LLC now owns 6,954 shares of the bank’s stock worth $921,000 after acquiring an additional 405 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in Wintrust Financial during the third quarter worth about $3,179,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Trading Up 2.0%

Shares of WTFC opened at $142.66 on Monday. The stock’s fifty day simple moving average is $135.16 and its 200-day simple moving average is $132.18. The firm has a market capitalization of $9.55 billion, a PE ratio of 13.11 and a beta of 0.88. Wintrust Financial has a 12-month low of $89.10 and a 12-month high of $144.70. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.65.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Thursday, November 6th. The bank reported $3.06 earnings per share for the quarter. Wintrust Financial had a return on equity of 12.82% and a net margin of 18.85%.The firm had revenue of $1.26 billion during the quarter. As a group, research analysts predict that Wintrust Financial will post 10.36 earnings per share for the current year.

Wintrust Financial Dividend Announcement

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

Wintrust Financial Company Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.