Wintrust Financial (NASDAQ:WTFC) Given a $145.00 Price Target at Jefferies Financial Group

Jefferies Financial Group set a $145.00 target price on Wintrust Financial (NASDAQ:WTFC - Free Report) in a research report released on Wednesday, Marketbeat.com reports. The brokerage currently has a buy rating on the bank's stock.

WTFC has been the subject of a number of other reports. Wall Street Zen upgraded Wintrust Financial from a "sell" rating to a "hold" rating in a report on Tuesday, April 29th. Piper Sandler restated an "above average" rating on shares of Wintrust Financial in a research note on Wednesday, April 23rd. Stephens dropped their price objective on shares of Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Barclays upped their price target on shares of Wintrust Financial from $138.00 to $145.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 23rd. Finally, Hovde Group lifted their price target on Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a research report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $135.77.

Wintrust Financial Price Performance

Shares of NASDAQ WTFC traded down $0.50 on Wednesday, hitting $118.21. The company's stock had a trading volume of 190,290 shares, compared to its average volume of 426,324. The stock has a 50 day moving average of $110.82 and a 200-day moving average of $122.04. Wintrust Financial has a 12-month low of $89.10 and a 12-month high of $142.04. The company has a market capitalization of $7.91 billion, a price-to-earnings ratio of 11.47 and a beta of 0.81. 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 issued its quarterly earnings results on Monday, April 21st. The bank reported $2.69 EPS for the quarter, topping analysts' consensus estimates of $2.52 by $0.17. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. The business had revenue of $643.11 million during the quarter, compared to the consensus estimate of $643.11 million. During the same period in the previous year, the firm posted $2.89 earnings per share. As a group, research analysts predict that Wintrust Financial will post 10.36 EPS for the current year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were issued a $0.50 dividend. The ex-dividend date was Thursday, May 8th. This represents a $2.00 annualized dividend and a yield of 1.69%. Wintrust Financial's dividend payout ratio (DPR) is presently 19.78%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Park Place Capital Corp grew its position in shares of Wintrust Financial by 1,264.7% in the 1st quarter. Park Place Capital Corp now owns 232 shares of the bank's stock valued at $26,000 after purchasing an additional 215 shares during the period. Advisors Asset Management Inc. acquired a new position in shares of Wintrust Financial in the first quarter valued at approximately $27,000. AlphaQuest LLC acquired a new position in shares of Wintrust Financial in the first quarter valued at approximately $33,000. Wayfinding Financial LLC bought a new stake in shares of Wintrust Financial during the first quarter worth $36,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Wintrust Financial during the first quarter worth $38,000. 93.48% of the stock is currently owned by institutional investors.

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.