Wintrust Financial - WTFC Stock Forecast, Price & News

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. It also engages in the retail origination and purchase of residential mortgages for sale into the secondary market; and provision of lending, deposits, and treasury management services to condominium, homeowner, and community associations, as well as asset-based lending for middle-market companies. In addition, this segment offers loan and deposit services to mortgage brokerage companies; lending to restaurant franchisees; direct leasing; small business administration loans; commercial mortgages and construction loans; and financial solutions. It provides personal and commercial banking services primarily to individuals, small to mid-sized businesses, local governmental units, and institutional clients. The Specialty Finance segment offers commercial and life insurance premiums financing for businesses and individuals; accounts receivable financing, value-added, and out-sourced administrative services; and other specialty finance services, as well as data processing of payrolls, billing, and cash management services to temporary staffing industry. The Wealth Management segment provides trust and investment, asset management, tax-deferred exchange, securities brokerage, and retirement plan services. The company operates 173 banking facilities and 228 ATMs in the Chicago metropolitan area, southern Wisconsin, northwest Indiana, and Florida. Wintrust Financial Corporation was founded in 1991 and is headquartered in Rosemont, Illinois.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on WTFC shares. Wedbush upped their target price on shares of Wintrust Financial from $100.00 to $105.00 and gave the stock an "outperform" rating in a research note on Thursday, July 21st. Jefferies Financial Group reduced their price target on shares of Wintrust Financial from $109.00 to $96.00 in a research report on Monday, July 11th. Raymond James reduced their price target on shares of Wintrust Financial from $130.00 to $111.00 and set a "strong-buy" rating for the company in a research report on Wednesday, June 29th. DA Davidson restated a "buy" rating on shares of Wintrust Financial in a research report on Wednesday, July 27th. Finally, Piper Sandler increased their price target on shares of Wintrust Financial to $107.00 in a research report on Friday, July 22nd. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.38.

Wintrust Financial Stock Performance

NASDAQ:WTFC traded down $0.01 during trading on Monday, hitting $89.15. 189,415 shares of the company's stock traded hands, compared to its average volume of 460,662. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 0.66 and a beta of 1.26. Wintrust Financial has a 12-month low of $69.75 and a 12-month high of $105.56. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.96 and a current ratio of 0.97. The business has a 50 day moving average of $83.06 and a 200-day moving average of $89.02.

Wintrust Financial (NASDAQ:WTFC - Get Rating) last released its quarterly earnings data on Wednesday, July 20th. The bank reported $1.49 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.21). Wintrust Financial had a net margin of 22.78% and a return on equity of 10.43%. During the same quarter in the previous year, the company earned $1.70 EPS. As a group, equities research analysts anticipate that Wintrust Financial will post 7.97 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Wednesday, August 10th. Wintrust Financial's payout ratio is 19.68%.