Wintrust Financial Corporation (NASDAQ:WTFC) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Wintrust Financial Corporation has received a consensus recommendation of “Moderate Buy” from thirteen ratings firms, with an average price target of $145.77.
• The company recently reported quarterly earnings of $2.78 EPS, exceeding expectations, along with a revenue of $670.78 million.
• Wintrust Financial is planning to distribute a $0.50 quarterly dividend to shareholders, resulting in an annual yield of 1.6%.

Wintrust Financial Corporation (NASDAQ:WTFC - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the thirteen ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $145.7692.

WTFC has been the subject of a number of research analyst reports. Royal Bank Of Canada raised their target price on Wintrust Financial from $137.00 to $158.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Hovde Group boosted their target price on shares of Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a report on Wednesday, April 23rd. Jefferies Financial Group set a $145.00 target price on shares of Wintrust Financial and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Truist Financial lifted their price target on shares of Wintrust Financial from $137.00 to $151.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen raised shares of Wintrust Financial from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th.

Wintrust Financial Stock Down 1.8%

Shares of NASDAQ WTFC opened at $122.80 on Friday. The firm has a fifty day simple moving average of $126.21 and a two-hundred day simple moving average of $120.21. Wintrust Financial has a 12 month low of $89.10 and a 12 month high of $142.04. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $8.22 billion, a PE ratio of 11.62 and a beta of 0.85.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The bank reported $2.78 EPS for the quarter, topping the consensus estimate of $2.59 by $0.19. The business had revenue of $670.78 million during the quarter, compared to analyst estimates of $661.43 million. Wintrust Financial had a net margin of 18.06% and a return on equity of 12.08%. During the same period last year, the business posted $2.32 earnings per share. Equities analysts expect that Wintrust Financial will post 10.36 earnings per share for the current year.

Wintrust Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.6%. The ex-dividend date is Thursday, August 7th. Wintrust Financial's dividend payout ratio (DPR) is presently 18.92%.

Insider Transactions at Wintrust Financial

In other news, COO David A. Dykstra sold 14,942 shares of the firm's stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $131.53, for a total transaction of $1,965,321.26. Following the sale, the chief operating officer owned 182,208 shares of the company's stock, valued at $23,965,818.24. This trade represents a 7.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Edward J. Wehmer acquired 3,919 shares of the firm's stock in a transaction dated Friday, July 25th. The shares were bought at an average cost of $26.35 per share, with a total value of $103,265.65. Following the completion of the acquisition, the insider directly owned 3,919 shares of the company's stock, valued at $103,265.65. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.01% of the stock is currently owned by insiders.

Institutional Trading of Wintrust Financial

Several large investors have recently modified their holdings of WTFC. Maseco LLP purchased a new position in Wintrust Financial in the second quarter worth about $25,000. Park Place Capital Corp raised its position in Wintrust Financial by 1,264.7% in 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. Advisors Asset Management Inc. bought a new position in Wintrust Financial in the first quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Wintrust Financial by 52.9% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 289 shares of the bank's stock worth $36,000 after acquiring an additional 100 shares during the last quarter. Finally, REAP Financial Group LLC raised its holdings in Wintrust Financial by 196.0% in the 2nd quarter. REAP Financial Group LLC now owns 296 shares of the bank's stock worth $37,000 after purchasing an additional 196 shares during the period. Institutional investors own 93.48% of the company's stock.

About Wintrust Financial

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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