Wintrust Financial Corporation (NASDAQ:WTFC) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Wintrust Financial has a “Moderate Buy” consensus rating: Nine of 13 analysts recommend buying the stock, while four rate it a hold. The average 12-month price target is $177.77, above its $160.96 opening price.
• The bank exceeded quarterly expectations, reporting $3.30 in EPS versus the $3.15 consensus and $738.63 million in revenue, up 10.1% year over year.
• Wintrust declared a quarterly dividend of $0.55 per share, equivalent to a $2.20 annualized payout and a 1.4% yield; the dividend payout ratio is 17.67%.

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

Several equities research analysts have weighed in on WTFC shares. Royal Bank Of Canada increased their price target on shares of Wintrust Financial from $175.00 to $185.00 and gave the company an "outperform" rating in a research report on Wednesday, April 22nd. Piper Sandler set a $186.00 price target on Wintrust Financial in a report on Wednesday, July 22nd. Truist Financial upped their price target on Wintrust Financial from $170.00 to $183.00 and gave the company a "buy" rating in a research report on Friday, July 10th. Citigroup cut Wintrust Financial from a "buy" rating to a "hold" rating in a report on Tuesday, July 21st. Finally, UBS Group reiterated a "neutral" rating and issued a $170.00 price objective on shares of Wintrust Financial in a research report on Tuesday, July 7th.

Wintrust Financial Stock Down 0.9%

Shares of NASDAQ WTFC opened at $160.96 on Tuesday. The stock has a market capitalization of $10.86 billion, a P/E ratio of 12.93 and a beta of 0.85. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. Wintrust Financial has a one year low of $119.61 and a one year high of $167.21. The firm's 50 day simple moving average is $159.94 and its two-hundred day simple moving average is $151.14.

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

Wintrust Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, August 6th. Wintrust Financial's dividend payout ratio (DPR) is currently 17.67%.

Insider Activity at Wintrust Financial

In other news, COO David A. Dykstra sold 13,515 shares of Wintrust Financial stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following the sale, the chief operating officer owned 166,449 shares of the company's stock, valued at approximately $27,092,903.73. The trade was a 7.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.24% of the company's stock.

Hedge Funds Weigh In On Wintrust Financial

A number of institutional investors have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Wintrust Financial during the 2nd quarter valued at approximately $27,000. Advisors Asset Management Inc. bought a new position in shares of Wintrust Financial in the 1st quarter worth approximately $27,000. Elyxium Wealth LLC bought a new position in shares of Wintrust Financial in the 4th quarter worth approximately $31,000. Creative Financial Designs Inc. ADV lifted its stake in shares of Wintrust Financial by 231.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank's stock valued at $32,000 after purchasing an additional 160 shares during the period. Finally, Harbour Investments Inc. boosted its position in shares of Wintrust Financial by 72.7% during the fourth quarter. Harbour Investments Inc. now owns 240 shares of the bank's stock valued at $34,000 after purchasing an additional 101 shares in the last quarter. 93.48% of the stock is owned by institutional investors.

Wintrust Financial Company Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm's core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.

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