Wintrust Financial (NASDAQ:WTFC) Given New $151.00 Price Target at Truist Financial

Wintrust Financial (NASDAQ:WTFC - Free Report) had its price target upped by Truist Financial from $137.00 to $151.00 in a research note issued to investors on Thursday,Benzinga reports. Truist Financial currently has a buy rating on the bank's stock.

Other research analysts have also recently issued research reports about the company. Piper Sandler reiterated an "overweight" rating and set a $160.00 price objective (up previously from $141.00) on shares of Wintrust Financial in a research note on Wednesday. Royal Bank Of Canada lifted their price objective on Wintrust Financial from $137.00 to $158.00 and gave the company an "outperform" rating in a research note on Wednesday. Jefferies Financial Group set a $145.00 price objective on Wintrust Financial and gave the company a "buy" rating in a research note on Wednesday, May 21st. Keefe, Bruyette & Woods lifted their price objective on Wintrust Financial from $130.00 to $138.00 and gave the company a "market perform" rating in a research note on Wednesday. Finally, Hovde Group lifted their price objective on Wintrust Financial from $107.00 to $115.00 and gave the company a "market perform" rating in a research note on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Wintrust Financial presently has a consensus rating of "Moderate Buy" and an average price target of $145.77.

Wintrust Financial Stock Down 0.5%

Shares of WTFC traded down $0.69 on Thursday, reaching $132.11. The stock had a trading volume of 475,858 shares, compared to its average volume of 469,024. The firm has a market capitalization of $8.84 billion, a price-to-earnings ratio of 12.50 and a beta of 0.82. 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 company has a 50-day simple moving average of $124.88 and a 200-day simple moving average of $120.42. Wintrust Financial has a 12-month low of $89.10 and a 12-month high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The bank reported $2.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.19. The business had revenue of $670.78 million during the quarter, compared to analysts' expectations of $661.43 million. Wintrust Financial had a return on equity of 12.08% and a net margin of 18.06%. During the same quarter in the previous year, the business earned $2.32 earnings per share. Sell-side analysts predict that Wintrust Financial will post 10.36 EPS for the current year.

Wintrust Financial Announces Dividend

The company 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 dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, August 7th. Wintrust Financial's payout ratio is currently 18.92%.

Institutional Trading of Wintrust Financial

Large investors have recently modified their holdings of the company. Vest Financial LLC grew its holdings in Wintrust Financial by 10.9% during the second quarter. Vest Financial LLC now owns 112,236 shares of the bank's stock valued at $13,915,000 after purchasing an additional 11,008 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Wintrust Financial by 4.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 191,952 shares of the bank's stock valued at $24,514,000 after purchasing an additional 8,794 shares during the period. LRI Investments LLC grew its holdings in Wintrust Financial by 9.7% during the second quarter. LRI Investments LLC now owns 1,384 shares of the bank's stock valued at $172,000 after purchasing an additional 122 shares during the period. CWM LLC grew its holdings in Wintrust Financial by 13.8% during the second quarter. CWM LLC now owns 1,398 shares of the bank's stock valued at $173,000 after purchasing an additional 169 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in Wintrust Financial by 14.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,592 shares of the bank's stock valued at $942,000 after purchasing an additional 983 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.