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

Shares of Wintrust Financial Corporation (NASDAQ:WTFC - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $135.77.

Several analysts have issued reports on the stock. Barclays raised their price target on shares of Wintrust Financial from $138.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 23rd. Wall Street Zen upgraded Wintrust Financial from a "sell" rating to a "hold" rating in a research note on Tuesday, April 29th. Truist Financial cut their price target on Wintrust Financial from $150.00 to $137.00 and set a "buy" rating for the company in a report on Friday, April 25th. Hovde Group raised their price objective on Wintrust Financial from $107.00 to $115.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 23rd. Finally, Royal Bank Of Canada lowered their price objective on Wintrust Financial from $152.00 to $135.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd.

Wintrust Financial Trading Up 1.2%

Wintrust Financial stock opened at $118.70 on Thursday. Wintrust Financial has a 52 week low of $89.10 and a 52 week high of $142.04. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.01. The firm has a market capitalization of $7.94 billion, a PE ratio of 11.74 and a beta of 0.82. The business's 50-day simple moving average is $115.10 and its 200-day simple moving average is $120.44.

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 return on equity of 12.00% and a net margin of 17.32%. The company had revenue of $643.11 million during the quarter, compared to analyst estimates of $643.11 million. During the same period in the previous year, the company earned $2.89 earnings per share. Equities research analysts forecast that Wintrust Financial will post 10.36 earnings per share for the current year.

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $2.00 annualized dividend and a yield of 1.68%. Wintrust Financial's dividend payout ratio (DPR) is 19.78%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WTFC. Sanctuary Advisors LLC raised its holdings in Wintrust Financial by 34.8% during the 4th quarter. Sanctuary Advisors LLC now owns 17,081 shares of the bank's stock worth $2,253,000 after purchasing an additional 4,412 shares during the last quarter. CIBC Asset Management Inc bought a new stake in shares of Wintrust Financial during the fourth quarter worth approximately $235,000. Truist Financial Corp lifted its holdings in Wintrust Financial by 0.7% in the fourth quarter. Truist Financial Corp now owns 41,653 shares of the bank's stock valued at $5,195,000 after buying an additional 306 shares during the period. Venturi Wealth Management LLC boosted its stake in Wintrust Financial by 10.5% in the fourth quarter. Venturi Wealth Management LLC now owns 2,157 shares of the bank's stock valued at $269,000 after acquiring an additional 205 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in Wintrust Financial by 63.5% during the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank's stock worth $47,000 after acquiring an additional 146 shares during the period. Institutional investors own 93.48% of the company's stock.

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.

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