Wintrust Financial (NASDAQ:WTFC) Sets New 52-Week Low - What's Next?

Wintrust Financial Co. (NASDAQ:WTFC - Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as $109.46 and last traded at $111.17, with a volume of 476289 shares changing hands. The stock had previously closed at $113.01.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Piper Sandler reaffirmed an "above average" rating on shares of Wintrust Financial in a research note on Wednesday, April 23rd. 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 research report on Wednesday, April 23rd. Hovde Group boosted their price target on Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a report on Wednesday, April 23rd. Truist Financial cut their price target on shares of Wintrust Financial from $150.00 to $137.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Raymond James set a $143.00 price target on shares of Wintrust Financial and gave the stock a "strong-buy" rating in a research report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $133.54.

Wintrust Financial Stock Up 2.9 %

The stock has a fifty day moving average of $109.46 and a 200-day moving average of $121.76. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $7.75 billion, a price-to-earnings ratio of 11.24 and a beta of 0.94.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The bank reported $2.69 EPS for the quarter, topping the consensus estimate of $2.52 by $0.17. The business had revenue of $643.11 million during the quarter, compared to analysts' expectations of $643.11 million. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same period last year, the company posted $2.89 earnings per share. As a group, sell-side analysts expect that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Thursday, May 8th. Wintrust Financial's dividend payout ratio (DPR) is currently 19.78%.

Institutional Trading of Wintrust Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Park Place Capital Corp increased its holdings in shares of Wintrust Financial by 1,264.7% during the first quarter. Park Place Capital Corp now owns 232 shares of the bank's stock worth $26,000 after buying an additional 215 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in Wintrust Financial in the first quarter worth $36,000. Opal Wealth Advisors LLC bought a new position in Wintrust Financial during the first quarter worth about $38,000. Millstone Evans Group LLC bought a new stake in Wintrust Financial during the 4th quarter worth approximately $43,000. Finally, Global Retirement Partners LLC lifted its position in Wintrust Financial by 63.5% in the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank's stock valued at $47,000 after acquiring an additional 146 shares in the last quarter. 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.