Keefe, Bruyette & Woods Raises Wintrust Financial (NASDAQ:WTFC) Price Target to $138.00

Wintrust Financial (NASDAQ:WTFC - Free Report) had its target price upped by Keefe, Bruyette & Woods from $130.00 to $138.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has a market perform rating on the bank's stock.

Several other research firms also recently issued reports on WTFC. Wall Street Zen raised shares of Wintrust Financial from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Jefferies Financial Group set a $145.00 price objective on shares of Wintrust Financial and gave the stock a "buy" rating in a report on Wednesday, May 21st. Barclays reissued an "overweight" rating and set a $162.00 price target (up from $145.00) on shares of Wintrust Financial in a report on Tuesday, July 8th. Hovde Group raised their price objective on shares of Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a research report on Wednesday, April 23rd. Finally, Raymond James Financial reiterated a "strong-buy" rating and set a $155.00 price target (up previously from $143.00) on shares of Wintrust Financial in a research report on Tuesday, July 8th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $145.77.

Wintrust Financial Stock Down 0.5%

Shares of WTFC traded down $0.69 during mid-day trading on Wednesday, hitting $132.11. 475,858 shares of the company's stock were exchanged, compared to its average volume of 469,024. The firm has a fifty day moving average of $124.88 and a two-hundred day moving average of $120.42. Wintrust Financial has a twelve month low of $89.10 and a twelve month high of $142.04. The stock has a market cap of $8.84 billion, a price-to-earnings ratio of 12.50 and a beta of 0.82. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.68.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The bank reported $2.78 EPS for the quarter, topping the consensus estimate of $2.59 by $0.19. Wintrust Financial had a net margin of 18.06% and a return on equity of 12.08%. The company had revenue of $670.78 million for the quarter, compared to analyst estimates of $661.43 million. During the same quarter in the prior year, the business posted $2.32 EPS. On average, sell-side analysts forecast 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. Stockholders of record on Thursday, August 7th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, August 7th. Wintrust Financial's dividend payout ratio is presently 18.92%.

Hedge Funds Weigh In On Wintrust Financial

A number of institutional investors have recently added to or reduced their stakes in WTFC. Maseco LLP acquired a new position in shares of Wintrust Financial in the second quarter valued at $25,000. Park Place Capital Corp lifted its holdings in shares of 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 last quarter. Advisors Asset Management Inc. acquired a new position in shares of Wintrust Financial in the first quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB increased its position in Wintrust Financial by 52.9% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 289 shares of the bank's stock valued at $36,000 after purchasing an additional 100 shares during the period. Finally, REAP Financial Group LLC grew its position in shares of Wintrust Financial by 196.0% during the 2nd quarter. REAP Financial Group LLC now owns 296 shares of the bank's stock worth $37,000 after buying an additional 196 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

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.