Wintrust Financial (NASDAQ:WTFC) Price Target Raised to $125.00

Wintrust Financial (NASDAQ:WTFC) had its price target raised by DA Davidson from $120.00 to $125.00 in a research report sent to investors on Friday, Benzinga reports. DA Davidson currently has a buy rating on the bank’s stock.

Other equities analysts have also issued research reports about the company. Barclays cut their target price on Wintrust Financial from $135.00 to $130.00 and set an overweight rating on the stock in a research report on Friday, April 19th. Piper Sandler boosted their price target on shares of Wintrust Financial from $113.00 to $125.00 and gave the stock an overweight rating in a research note on Friday. Wedbush increased their price objective on Wintrust Financial from $115.00 to $130.00 and gave the stock an outperform rating in a research report on Thursday. Truist Financial reduced their target price on Wintrust Financial from $112.00 to $107.00 and set a buy rating for the company in a report on Monday, July 8th. Finally, Royal Bank of Canada increased their price target on shares of Wintrust Financial from $116.00 to $117.00 and gave the company an outperform rating in a report on Tuesday, July 9th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Wintrust Financial currently has an average rating of Moderate Buy and an average target price of $117.00.

Wintrust Financial Price Performance

Shares of NASDAQ WTFC opened at $105.02 on Friday. Wintrust Financial has a 1-year low of $71.86 and a 1-year high of $113.68. The company has a market cap of $6.48 billion, a price-to-earnings ratio of 10.86 and a beta of 1.18. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.99 and a quick ratio of 0.97. The stock’s 50-day moving average is $98.47 and its two-hundred day moving average is $97.88.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Wednesday, July 17th. The bank reported $2.32 EPS for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.10). Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The firm had revenue of $591.76 million for the quarter, compared to analyst estimates of $587.33 million. During the same quarter in the previous year, the firm posted $2.38 EPS. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. Analysts forecast that Wintrust Financial will post 10.1 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.71%. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.61%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its holdings in Wintrust Financial by 2,131.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 73,913 shares of the bank’s stock valued at $6,855,000 after buying an additional 70,601 shares during the period. Clearbridge Investments LLC increased its position in shares of Wintrust Financial by 5.9% in the fourth quarter. Clearbridge Investments LLC now owns 258,610 shares of the bank’s stock worth $23,986,000 after acquiring an additional 14,409 shares in the last quarter. Frontier Capital Management Co. LLC increased its holdings in Wintrust Financial by 13.8% in the 4th quarter. Frontier Capital Management Co. LLC now owns 538,489 shares of the bank’s stock valued at $49,945,000 after purchasing an additional 65,179 shares in the last quarter. Access Investment Management LLC purchased a new stake in shares of Wintrust Financial during the 4th quarter valued at about $1,624,000. Finally, Alberta Investment Management Corp raised its stake in shares of Wintrust Financial by 61.0% during the fourth quarter. Alberta Investment Management Corp now owns 32,113 shares of the bank’s stock valued at $2,978,000 after purchasing an additional 12,165 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

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.