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

Shares of Wintrust Financial Corporation (NASDAQ:WTFC) have earned a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $168.9167.

Several analysts have recently commented on WTFC shares. Piper Sandler reiterated an “overweight” rating and issued a $188.00 target price (up from $184.00) on shares of Wintrust Financial in a report on Wednesday, April 22nd. Barclays increased their target price on shares of Wintrust Financial from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Truist Financial lowered their target price on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, March 23rd. TD Cowen increased their target price on shares of Wintrust Financial from $173.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Finally, UBS Group reiterated a “buy” rating and issued a $176.00 target price on shares of Wintrust Financial in a report on Wednesday, February 4th.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $148.02 on Thursday. The firm has a 50-day moving average of $146.23 and a 200-day moving average of $143.96. The company has a market cap of $9.98 billion, a P/E ratio of 12.41 and a beta of 0.84. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. Wintrust Financial has a one year low of $116.57 and a one year high of $162.96.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, April 20th. The bank reported $3.22 EPS for the quarter, beating the consensus estimate of $2.96 by $0.26. The company had revenue of $713.17 million during the quarter, compared to the consensus estimate of $707.23 million. Wintrust Financial had a net margin of 20.11% and a return on equity of 13.15%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.69 earnings per share. Equities research analysts forecast that Wintrust Financial will post 13.07 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, May 14th. This represents a $2.20 annualized dividend and a yield of 1.5%. Wintrust Financial’s dividend payout ratio is presently 18.44%.

Insider Activity at Wintrust Financial

In related news, CFO David L. Stoehr sold 3,020 shares of the stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $150.45, for a total transaction of $454,359.00. Following the completion of the transaction, the chief financial officer owned 13,213 shares in the company, valued at approximately $1,987,895.85. This represents a 18.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Suzet M. Mckinney sold 500 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $148.96, for a total transaction of $74,480.00. Following the transaction, the director owned 3,303 shares of the company’s stock, valued at approximately $492,014.88. The trade was a 13.15% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 13,099 shares of company stock worth $1,954,386. 1.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On Wintrust Financial

Several institutional investors have recently added to or reduced their stakes in WTFC. Advisors Asset Management Inc. bought a new position in Wintrust Financial during the first quarter valued at about $27,000. Elyxium Wealth LLC bought a new position in Wintrust Financial during the fourth quarter valued at about $31,000. Creative Financial Designs Inc. ADV grew its position in Wintrust Financial by 231.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock valued at $32,000 after buying an additional 160 shares during the period. Harbour Investments Inc. grew its position in Wintrust Financial by 72.7% during the fourth quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock valued at $34,000 after buying an additional 101 shares during the period. Finally, Measured Wealth Private Client Group LLC bought a new position in Wintrust Financial during the first quarter valued at about $35,000. Institutional investors own 93.48% of the company’s stock.

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.