Brokerages Set Wintrust Financial Corporation (NASDAQ:WTFC) PT at $152.92

Shares of Wintrust Financial Corporation (NASDAQ:WTFC) have been assigned an average rating of “Moderate Buy” from the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $152.9167.

A number of research analysts recently commented on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Wintrust Financial in a report on Wednesday, October 8th. Cowen reissued a “buy” rating on shares of Wintrust Financial in a research note on Wednesday, October 22nd. DA Davidson restated a “buy” rating and set a $158.00 price objective on shares of Wintrust Financial in a report on Tuesday, October 21st. Truist Financial upped their target price on Wintrust Financial from $151.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, Piper Sandler reiterated an “overweight” rating and set a $161.00 price objective (up previously from $160.00) on shares of Wintrust Financial in a report on Wednesday, October 22nd.

Hedge Funds Weigh In On Wintrust Financial

Several institutional investors have recently made changes to their positions in WTFC. Allworth Financial LP grew its position in shares of Wintrust Financial by 29.8% during the 3rd quarter. Allworth Financial LP now owns 584 shares of the bank’s stock valued at $77,000 after acquiring an additional 134 shares during the period. Swiss Life Asset Management Ltd increased its holdings in shares of Wintrust Financial by 80.7% in the third quarter. Swiss Life Asset Management Ltd now owns 3,121 shares of the bank’s stock valued at $413,000 after purchasing an additional 1,394 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new stake in Wintrust Financial during the third quarter worth about $14,094,000. CIBC Private Wealth Group LLC raised its position in Wintrust Financial by 6.2% in the third quarter. CIBC Private Wealth Group LLC now owns 6,954 shares of the bank’s stock valued at $921,000 after purchasing an additional 405 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of Wintrust Financial in the 3rd quarter worth approximately $3,179,000. 93.48% of the stock is owned by hedge funds and other institutional investors.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC opened at $140.89 on Thursday. Wintrust Financial has a twelve month low of $89.10 and a twelve month high of $143.76. The firm’s 50 day moving average price is $130.98 and its 200-day moving average price is $129.78. The stock has a market capitalization of $9.44 billion, a PE ratio of 12.95 and a beta of 0.90. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.65.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Thursday, November 6th. The bank reported $3.06 earnings per share (EPS) for the quarter. Wintrust Financial had a return on equity of 12.82% and a net margin of 18.85%.The business had revenue of $1.26 billion during the quarter. Equities research analysts expect that Wintrust Financial will post 10.36 EPS for the current year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Thursday, November 6th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.4%. The ex-dividend date was Thursday, November 6th. Wintrust Financial’s dividend payout ratio is 18.38%.

About Wintrust Financial

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.