Wintrust Financial Co. (NASDAQ:WTFC) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Wintrust Financial Co. (NASDAQ:WTFC - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the thirteen brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $135.77.

A number of equities analysts have commented on WTFC shares. Truist Financial lowered their price objective on Wintrust Financial from $150.00 to $137.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Wall Street Zen raised shares of Wintrust Financial from a "sell" rating to a "hold" rating in a research note on Tuesday, April 29th. Jefferies Financial Group set a $145.00 price objective on shares of Wintrust Financial and gave the company a "buy" rating in a research report on Wednesday, May 21st. Hovde Group raised their target price on Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a report on Wednesday, April 23rd. Finally, Royal Bank of Canada lowered their price target on Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd.

Institutional Trading of Wintrust Financial

Institutional investors have recently modified their holdings of the business. Park Place Capital Corp lifted its holdings in Wintrust Financial by 1,264.7% during the 1st quarter. Park Place Capital Corp now owns 232 shares of the bank's stock worth $26,000 after buying an additional 215 shares during the period. Advisors Asset Management Inc. bought a new position in shares of Wintrust Financial during the first quarter worth about $27,000. AlphaQuest LLC acquired a new position in shares of Wintrust Financial in the first quarter worth approximately $33,000. Wayfinding Financial LLC bought a new stake in Wintrust Financial in the first quarter valued at approximately $36,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Wintrust Financial during the 1st quarter valued at approximately $38,000. Institutional investors own 93.48% of the company's stock.

Wintrust Financial Stock Performance

Shares of Wintrust Financial stock traded down $0.50 during trading on Friday, reaching $118.21. The company's stock had a trading volume of 190,290 shares, compared to its average volume of 426,324. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The business's 50-day moving average price is $110.82 and its 200-day moving average price is $122.04. Wintrust Financial has a 52 week low of $89.10 and a 52 week high of $142.04. The firm has a market cap of $7.91 billion, a PE ratio of 11.47 and a beta of 0.81.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The bank reported $2.69 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $643.11 million during the quarter, compared to the consensus estimate of $643.11 million. During the same quarter in the previous year, the firm posted $2.89 EPS. Equities analysts forecast that Wintrust Financial will post 10.36 earnings per share for the current year.

Wintrust Financial Announces Dividend

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

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.