Wintrust Financial Co. (NASDAQ:WTFC) Receives Average Rating of "Moderate Buy" from Analysts

Wintrust Financial Co. (NASDAQ:WTFC - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $133.54.

WTFC has been the topic of several research analyst reports. Truist Financial reduced their price target on shares of Wintrust Financial from $150.00 to $137.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. 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. DA Davidson lowered their price objective on Wintrust Financial from $140.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Barclays upped their price target on Wintrust Financial from $138.00 to $145.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 23rd. Finally, StockNews.com upgraded Wintrust Financial from a "sell" rating to a "hold" rating in a research note on Tuesday.

Wintrust Financial Trading Up 2.9 %

Shares of WTFC stock traded up $3.21 during mid-day trading on Wednesday, reaching $115.84. The stock had a trading volume of 255,162 shares, compared to its average volume of 421,936. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $7.75 billion, a PE ratio of 11.24 and a beta of 0.94. Wintrust Financial has a 52-week low of $89.10 and a 52-week high of $142.04. The stock's 50-day moving average price is $109.46 and its two-hundred day moving average price is $121.71.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The bank reported $2.69 earnings per share for the quarter, topping analysts' consensus estimates of $2.52 by $0.17. The firm had revenue of $643.11 million for the quarter, compared to analyst estimates of $643.11 million. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same period last year, the company earned $2.89 EPS. Equities analysts expect that Wintrust Financial will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, May 8th. Wintrust Financial's dividend payout ratio is presently 19.78%.

Institutional Investors Weigh In On Wintrust Financial

Hedge funds have recently modified their holdings of the company. Park Place Capital Corp raised its position in Wintrust Financial by 1,264.7% during the first quarter. Park Place Capital Corp now owns 232 shares of the bank's stock worth $26,000 after acquiring an additional 215 shares during the period. Wayfinding Financial LLC acquired a new position in shares of Wintrust Financial in the 1st quarter valued at $36,000. Opal Wealth Advisors LLC purchased a new position in shares of Wintrust Financial during the 1st quarter worth $38,000. Millstone Evans Group LLC purchased a new stake in Wintrust Financial in the 4th quarter valued at about $43,000. Finally, Global Retirement Partners LLC lifted its position in Wintrust Financial by 63.5% in the fourth quarter. Global Retirement Partners LLC now owns 376 shares of the bank's stock valued at $47,000 after buying an additional 146 shares during the last quarter. 93.48% of the stock is owned by hedge funds and other 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.