Wintrust Financial (NASDAQ:WTFC) Hits New 12-Month High – Here’s Why

Wintrust Financial Corporation (NASDAQ:WTFC) hit a new 52-week high on Thursday . The company traded as high as $164.00 and last traded at $162.5450, with a volume of 6448 shares. The stock had previously closed at $162.79.

Analyst Ratings Changes

WTFC has been the topic of several research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Wintrust Financial in a research report on Monday. Barclays lifted their target price on shares of Wintrust Financial from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Truist Financial cut their price target on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Piper Sandler reissued an “overweight” rating and issued a $188.00 price target (up from $184.00) on shares of Wintrust Financial in a report on Wednesday, April 22nd. Finally, TD Cowen raised their price objective on shares of Wintrust Financial from $173.00 to $176.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Wintrust Financial has an average rating of “Moderate Buy” and a consensus target price of $170.58.

Wintrust Financial Stock Performance

The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98. The firm has a 50-day moving average of $152.82 and a 200-day moving average of $147.47. The firm has a market capitalization of $10.87 billion, a P/E ratio of 13.51 and a beta of 0.84.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, April 20th. The bank reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.26. The firm had revenue of $713.17 million during the quarter, compared to the consensus estimate of $707.23 million. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The business’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.69 earnings per share. On average, equities research analysts anticipate that Wintrust Financial Corporation will post 13.09 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Thursday, May 14th. Wintrust Financial’s dividend payout ratio is currently 18.44%.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, CFO David L. Stoehr sold 3,020 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $150.45, for a total value of $454,359.00. Following the transaction, the chief financial officer owned 13,213 shares in the company, valued at approximately $1,987,895.85. The trade was a 18.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO David A. Dykstra sold 9,579 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $148.82, for a total transaction of $1,425,546.78. Following the transaction, the chief operating officer directly owned 179,810 shares of the company’s stock, valued at approximately $26,759,324.20. This trade represents a 5.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 13,099 shares of company stock valued at $1,954,386 in the last quarter. Company insiders own 1.24% of the company’s stock.

Institutional Trading of Wintrust Financial

Large investors have recently modified their holdings of the business. Advisors Asset Management Inc. bought a new position in Wintrust Financial during the 1st quarter valued at approximately $27,000. Elyxium Wealth LLC bought a new stake in shares of Wintrust Financial in the 4th quarter worth approximately $31,000. Creative Financial Designs Inc. ADV grew its position in shares of Wintrust Financial by 231.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock worth $32,000 after buying an additional 160 shares during the last quarter. Harbour Investments Inc. increased its stake in shares of 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 purchased a new position in shares of Wintrust Financial during the first quarter valued at approximately $35,000. 93.48% of the stock is owned by institutional investors.

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.