Wintrust Financial (NASDAQ:WTFC) Price Target Lowered to $138.00 at Barclays

Wintrust Financial (NASDAQ:WTFC - Free Report) had its price target lowered by Barclays from $155.00 to $138.00 in a research report released on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the bank's stock.

Several other equities analysts have also recently weighed in on WTFC. StockNews.com cut Wintrust Financial from a "hold" rating to a "sell" rating in a report on Saturday, February 15th. UBS Group assumed coverage on Wintrust Financial in a research report on Tuesday, December 17th. They set a "buy" rating and a $157.00 price target on the stock. Piper Sandler upped their price objective on Wintrust Financial from $151.00 to $156.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Raymond James reissued a "strong-buy" rating and issued a $150.00 target price (up from $135.00) on shares of Wintrust Financial in a research note on Thursday, January 23rd. Finally, Truist Financial raised shares of Wintrust Financial to a "strong-buy" rating in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $132.38.

Wintrust Financial Stock Up 1.3 %

WTFC stock traded up $1.27 during trading hours on Tuesday, reaching $98.61. 751,069 shares of the stock were exchanged, compared to its average volume of 414,755. The firm's 50-day moving average is $115.85 and its 200-day moving average is $121.79. Wintrust Financial has a 12 month low of $89.10 and a 12 month high of $142.04. The company has a market cap of $6.60 billion, a price-to-earnings ratio of 9.56 and a beta of 0.94. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same period last year, the firm posted $1.87 EPS. On average, equities research analysts expect that Wintrust Financial will post 10.36 earnings per share for the current year.

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $2.00 annualized dividend and a yield of 2.03%. Wintrust Financial's dividend payout ratio is currently 19.40%.

Insider Transactions at Wintrust Financial

In other Wintrust Financial news, insider Richard B. Murphy sold 3,186 shares of Wintrust Financial stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $131.30, for a total value of $418,321.80. Following the completion of the sale, the insider now owns 48,814 shares in the company, valued at $6,409,278.20. The trade was a 6.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total transaction of $54,475.20. Following the transaction, the executive vice president now directly owns 2,276 shares in the company, valued at $298,042.20. This represents a 15.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,178 shares of company stock worth $1,336,315 over the last quarter. Company insiders own 1.47% of the company's stock.

Institutional Investors Weigh In On Wintrust Financial

A number of large investors have recently added to or reduced their stakes in WTFC. Journey Strategic Wealth LLC lifted its position in shares of Wintrust Financial by 3.6% during the 4th quarter. Journey Strategic Wealth LLC now owns 2,569 shares of the bank's stock valued at $320,000 after acquiring an additional 89 shares during the period. Louisiana State Employees Retirement System raised its stake in Wintrust Financial by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the bank's stock valued at $2,307,000 after purchasing an additional 100 shares in the last quarter. Captrust Financial Advisors lifted its position in Wintrust Financial by 2.8% during the third quarter. Captrust Financial Advisors now owns 3,859 shares of the bank's stock worth $419,000 after purchasing an additional 104 shares during the period. MML Investors Services LLC increased its holdings in Wintrust Financial by 1.7% in the 3rd quarter. MML Investors Services LLC now owns 6,201 shares of the bank's stock valued at $673,000 after buying an additional 106 shares during the period. Finally, Gitterman Wealth Management LLC raised its position in shares of Wintrust Financial by 5.0% in the 4th quarter. Gitterman Wealth Management LLC now owns 2,373 shares of the bank's stock valued at $296,000 after buying an additional 113 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company's stock.

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.