Shares of Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) have earned an average rating of “Buy” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $105.71.
A number of research firms have recently commented on WTFC. Truist Financial cut their price objective on shares of Wintrust Financial from $125.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday. UBS Group raised their price objective on shares of Wintrust Financial from $95.00 to $104.00 in a research report on Thursday, April 21st. Raymond James cut their price objective on shares of Wintrust Financial from $130.00 to $111.00 and set a “strong-buy” rating for the company in a research report on Wednesday, June 29th. StockNews.com began coverage on shares of Wintrust Financial in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Piper Sandler cut their price objective on shares of Wintrust Financial from $121.00 to $106.00 and set an “overweight” rating for the company in a research report on Thursday, June 9th.
In other Wintrust Financial news, Director H Patrick Hackett, Jr. purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, April 26th. The shares were purchased at an average cost of $91.23 per share, with a total value of $456,150.00. Following the completion of the purchase, the director now owns 40,037 shares of the company’s stock, valued at approximately $3,652,575.51. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.41% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. UMB Bank N A MO purchased a new position in shares of Wintrust Financial during the fourth quarter worth approximately $30,000. Quadrant Capital Group LLC increased its stake in shares of Wintrust Financial by 31.8% in the first quarter. Quadrant Capital Group LLC now owns 730 shares of the bank’s stock worth $68,000 after buying an additional 176 shares during the period. Trust Co. of Vermont purchased a new position in shares of Wintrust Financial in the fourth quarter worth $91,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of Wintrust Financial by 949.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,060 shares of the bank’s stock worth $96,000 after buying an additional 959 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Wintrust Financial by 9.6% in the fourth quarter. Signaturefd LLC now owns 2,014 shares of the bank’s stock worth $183,000 after buying an additional 176 shares during the period. 89.71% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:WTFC opened at $81.16 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $4.93 billion, a PE ratio of 11.40, a P/E/G ratio of 0.63 and a beta of 1.28. Wintrust Financial has a twelve month low of $65.66 and a twelve month high of $105.56. The company has a 50-day moving average price of $83.57 and a two-hundred day moving average price of $91.26.
Wintrust Financial (NASDAQ:WTFC – Get Rating) last issued its earnings results on Tuesday, April 19th. The bank reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.53. Wintrust Financial had a net margin of 23.67% and a return on equity of 10.95%. The firm had revenue of $462.08 million during the quarter, compared to analyst estimates of $427.66 million. During the same quarter last year, the business earned $2.54 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Analysts anticipate that Wintrust Financial will post 7.63 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, May 26th. Shareholders of record on Thursday, May 12th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, May 11th. This represents a $1.36 annualized dividend and a yield of 1.68%. Wintrust Financial’s payout ratio is presently 19.10%.
Wintrust Financial Company Profile (Get Rating)
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.
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