Wintrust Financial Corporation (NASDAQ:WTFC) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts rate Wintrust Financial “Moderate Buy,” with nine buy ratings and four holds among 13 firms. The average 12-month price target is $177.77, versus a recent share price of $152.16.
• Wintrust exceeded quarterly expectations, reporting $3.30 EPS versus the $3.15 consensus and $738.63 million in revenue, up 10.1% year over year.
• The company paid a quarterly dividend of $0.55 per share, equivalent to a 1.4% annualized yield; meanwhile, COO David Dykstra sold shares worth approximately $2.2 million.

Wintrust Financial Corporation (NASDAQ:WTFC - Get Free Report) has been given a consensus rating of "Moderate Buy" by the thirteen research firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $177.7692.

A number of research analysts have weighed in on WTFC shares. Piper Sandler set a $186.00 price objective on Wintrust Financial in a report on Wednesday, July 22nd. TD Cowen reduced their target price on shares of Wintrust Financial from $184.00 to $183.00 and set a "buy" rating for the company in a research report on Wednesday, July 22nd. Wall Street Zen downgraded shares of Wintrust Financial from a "hold" rating to a "sell" rating in a research note on Saturday. Brean Capital lowered shares of Wintrust Financial from a "buy" rating to a "neutral" rating and set a $170.00 price target on the stock. in a research report on Tuesday, July 21st. Finally, UBS Group reaffirmed a "neutral" rating and set a $170.00 price objective on shares of Wintrust Financial in a research note on Tuesday, July 7th.

Wintrust Financial Stock Up 0.9%

WTFC opened at $152.16 on Friday. Wintrust Financial has a twelve month low of $119.61 and a twelve month high of $167.21. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average price of $157.84 and a 200 day moving average price of $150.99. The company has a market cap of $10.27 billion, a PE ratio of 12.22 and a beta of 0.84.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings results on Monday, July 20th. The bank reported $3.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.15 by $0.15. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The firm had revenue of $738.63 million for the quarter, compared to analyst estimates of $735.36 million. During the same period in the previous year, the company posted $2.78 earnings per share. The business's revenue was up 10.1% on a year-over-year basis. Sell-side analysts expect that Wintrust Financial will post 13.04 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were given a $0.55 dividend. The ex-dividend date was Thursday, August 6th. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. Wintrust Financial's payout ratio is currently 17.67%.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, COO David Dykstra sold 13,515 shares of the company's stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $162.77, for a total value of $2,199,836.55. Following the transaction, the chief operating officer owned 166,449 shares of the company's stock, valued at $27,092,903.73. This represents a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.24% of the stock is currently owned by company insiders.

Institutional Trading of Wintrust Financial

A number of institutional investors and hedge funds have recently bought and sold shares of WTFC. Parallel Advisors LLC boosted its stake in shares of Wintrust Financial by 7.7% in the first quarter. Parallel Advisors LLC now owns 976 shares of the bank's stock valued at $136,000 after purchasing an additional 70 shares during the period. MeadowBrook Investment Advisors LLC lifted its holdings in Wintrust Financial by 3.0% during the 1st quarter. MeadowBrook Investment Advisors LLC now owns 2,545 shares of the bank's stock worth $354,000 after buying an additional 75 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Wintrust Financial by 0.9% in the 4th quarter. Quadrant Capital Group LLC now owns 8,914 shares of the bank's stock valued at $1,246,000 after buying an additional 83 shares during the period. Cresset Asset Management LLC boosted its position in Wintrust Financial by 2.4% in the 3rd quarter. Cresset Asset Management LLC now owns 3,730 shares of the bank's stock valued at $494,000 after buying an additional 88 shares during the period. Finally, HB Wealth Management LLC increased its position in shares of Wintrust Financial by 4.6% during the second quarter. HB Wealth Management LLC now owns 2,072 shares of the bank's stock worth $333,000 after acquiring an additional 91 shares during the period. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

About Wintrust Financial

Wintrust Financial Corporation NASDAQ: WTFC is a financial services company and bank holding company headquartered in Rosemont, Illinois. Founded in 1991, the company operates a network of community banks that serve individuals, families, businesses and institutions.

Wintrust's banking operations provide deposit accounts, commercial and consumer lending, mortgage financing, treasury management, payment services and other traditional banking products. Through specialized subsidiaries and affiliated businesses, the company also offers wealth management, investment services, insurance premium financing, equipment leasing and related financial solutions.

The company primarily serves communities in the greater Chicago metropolitan area and has expanded its banking presence into surrounding Midwestern markets, including parts of Wisconsin and Indiana.

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