Wintrust Financial Co. (NASDAQ:WTFC) Given Average Recommendation of “Moderate Buy” by Analysts

Wintrust Financial Co. (NASDAQ:WTFC) has been assigned an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $118.23.

Several research analysts have recently weighed in on WTFC shares. Truist Financial boosted their price objective on shares of Wintrust Financial from $118.00 to $123.00 and gave the company a “buy” rating in a report on Friday. Stephens reissued an “overweight” rating and set a $115.00 price target on shares of Wintrust Financial in a report on Thursday, July 18th. Piper Sandler upped their price objective on Wintrust Financial from $113.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Hovde Group reissued a “market perform” rating and issued a $100.00 target price on shares of Wintrust Financial in a report on Friday, June 21st. Finally, Jefferies Financial Group cut their price target on Wintrust Financial from $118.00 to $116.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd.

Wintrust Financial Stock Down 1.8 %

Wintrust Financial stock opened at $108.26 on Tuesday. Wintrust Financial has a 12 month low of $71.86 and a 12 month high of $113.68. The stock has a fifty day simple moving average of $104.83 and a two-hundred day simple moving average of $100.60. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.85. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of 11.20 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Wednesday, July 17th. The bank reported $2.32 EPS for the quarter, missing the consensus estimate of $2.42 by ($0.10). The business had revenue of $591.76 million during the quarter, compared to the consensus estimate of $587.33 million. Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. Wintrust Financial’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.38 earnings per share. Equities analysts predict that Wintrust Financial will post 10.11 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.80 dividend on an annualized basis and a yield of 1.66%. Wintrust Financial’s payout ratio is presently 18.61%.

Hedge Funds Weigh In On Wintrust Financial

Several large investors have recently made changes to their positions in WTFC. Principal Securities Inc. bought a new position in Wintrust Financial in the 4th quarter worth approximately $59,000. Envestnet Portfolio Solutions Inc. grew its stake in Wintrust Financial by 6.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,011 shares of the bank’s stock valued at $372,000 after acquiring an additional 232 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Wintrust Financial by 109.9% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 5,868 shares of the bank’s stock valued at $544,000 after acquiring an additional 3,073 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Wintrust Financial by 11.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 6,104 shares of the bank’s stock worth $566,000 after purchasing an additional 614 shares in the last quarter. Finally, Panagora Asset Management Inc. bought a new position in shares of Wintrust Financial during the 4th quarter valued at about $1,099,000. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

About Wintrust Financial

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.