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.
Analysts Set New Price Targets
WTFC has been the subject of several research analyst reports. Wedbush increased their price objective on Wintrust Financial from $100.00 to $105.00 and gave the stock an "outperform" rating in a report on Thursday, July 21st. Truist Financial increased their target price on Wintrust Financial to $100.00 in a research report on Monday, July 25th. Piper Sandler raised their price objective on Wintrust Financial to $107.00 in a research report on Friday, July 22nd. Raymond James reduced their price objective on 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. Finally, Jefferies Financial Group reduced their price objective on Wintrust Financial from $109.00 to $96.00 in a research report on Monday, July 11th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.38.
Wintrust Financial Price Performance
NASDAQ:WTFC traded up $1.56 on Thursday, reaching $88.14. 237,310 shares of the company's stock traded hands, compared to its average volume of 463,720. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.54. The stock has a 50-day simple moving average of $83.10 and a 200-day simple moving average of $89.32. The firm has a market cap of $5.35 billion, a PE ratio of 12.73, a P/E/G ratio of 0.63 and a beta of 1.26. Wintrust Financial has a 12 month low of $69.75 and a 12 month high of $105.56.
Wintrust Financial (NASDAQ:WTFC - Get Rating) last posted its quarterly earnings results on Wednesday, July 20th. The bank reported $1.49 EPS for the quarter, missing analysts' consensus estimates 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 period in the prior year, the firm earned $1.70 EPS. Equities research analysts forecast that Wintrust Financial will post 7.97 earnings per share for the current year.
Wintrust Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 25th. Shareholders of record on Thursday, August 11th will be paid a dividend of $0.34 per share. The ex-dividend date is Wednesday, August 10th. This represents a $1.36 annualized dividend and a yield of 1.54%. Wintrust Financial's payout ratio is currently 19.68%.