Wintrust Financial (NASDAQ:WTFC - Free Report) had its price target raised by Royal Bank of Canada from $109.00 to $116.00 in a report published on Tuesday, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the bank's stock.
A number of other equities analysts have also commented on the stock. Jefferies Financial Group boosted their price objective on shares of Wintrust Financial from $114.00 to $120.00 and gave the stock a buy rating in a report on Monday. Truist Financial boosted their price objective on shares of Wintrust Financial from $111.00 to $117.00 and gave the stock a buy rating in a report on Monday, April 1st. Citigroup boosted their price objective on shares of Wintrust Financial from $114.00 to $115.00 and gave the stock a buy rating in a report on Monday, March 18th. Keefe, Bruyette & Woods boosted their price objective on shares of Wintrust Financial from $103.00 to $106.00 and gave the stock an outperform rating in a report on Friday, January 19th. Finally, Wedbush reiterated an outperform rating and issued a $110.00 price objective on shares of Wintrust Financial in a report on Thursday, January 18th. One analyst has rated the stock with a sell rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $111.17.
View Our Latest Research Report on WTFC
Wintrust Financial Trading Up 0.0 %
Shares of WTFC traded up $0.05 during mid-day trading on Tuesday, reaching $101.49. The company had a trading volume of 235,777 shares, compared to its average volume of 404,928. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.73. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 10.59 and a beta of 1.21. The firm has a fifty day simple moving average of $97.69 and a 200-day simple moving average of $89.76. Wintrust Financial has a fifty-two week low of $58.12 and a fifty-two week high of $105.29.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its earnings results on Thursday, January 18th. The bank reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.42 by ($0.55). The business had revenue of $570.80 million for the quarter, compared to analyst estimates of $578.89 million. Wintrust Financial had a net margin of 18.71% and a return on equity of 13.23%. During the same quarter in the previous year, the firm posted $2.23 EPS. On average, sell-side analysts anticipate that Wintrust Financial will post 9.93 EPS for the current fiscal year.
Wintrust Financial Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Wednesday, February 7th. This is an increase from Wintrust Financial's previous quarterly dividend of $0.40. Wintrust Financial's dividend payout ratio is currently 18.79%.
Insider Activity at Wintrust Financial
In related news, EVP Jeffrey D. Hahnfeld sold 588 shares of the business's stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total transaction of $57,553.44. Following the completion of the sale, the executive vice president now owns 3,410 shares of the company's stock, valued at approximately $333,770.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Jeffrey D. Hahnfeld sold 588 shares of the business's stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total transaction of $57,553.44. Following the completion of the sale, the executive vice president now owns 3,410 shares of the company's stock, valued at approximately $333,770.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Edward J. Wehmer sold 9,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the completion of the sale, the insider now owns 177,124 shares in the company, valued at approximately $17,599,040.64. The disclosure for this sale can be found here. Insiders own 1.39% of the company's stock.
Institutional Investors Weigh In On Wintrust Financial
Large investors have recently made changes to their positions in the company. Johnson Financial Group Inc. bought a new position in shares of Wintrust Financial in the fourth quarter valued at approximately $25,000. Belpointe Asset Management LLC boosted its holdings in shares of Wintrust Financial by 106.2% in the first quarter. Belpointe Asset Management LLC now owns 365 shares of the bank's stock valued at $27,000 after acquiring an additional 188 shares in the last quarter. Quent Capital LLC boosted its holdings in shares of Wintrust Financial by 120.8% in the fourth quarter. Quent Capital LLC now owns 351 shares of the bank's stock valued at $33,000 after acquiring an additional 192 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Wintrust Financial in the fourth quarter valued at approximately $41,000. Finally, Coppell Advisory Solutions Corp. bought a new position in shares of Wintrust Financial in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 93.48% of the company's stock.
About Wintrust Financial
(
Get Free Report)
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.
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