Brokerages Set Wintrust Financial Corporation (NASDAQ:WTFC) PT at $154.00

Wintrust Financial Corporation (NASDAQ:WTFC) has been assigned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $154.3333.

Several research firms have recently weighed in on WTFC. TD Cowen increased their price target on shares of Wintrust Financial from $168.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays increased their price objective on Wintrust Financial from $175.00 to $178.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. Truist Financial lifted their target price on Wintrust Financial from $151.00 to $158.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Wintrust Financial in a report on Wednesday, October 8th. Finally, Piper Sandler restated an “overweight” rating and issued a $161.00 price objective (up from $160.00) on shares of Wintrust Financial in a report on Wednesday, October 22nd.

Wintrust Financial Stock Down 1.0%

Shares of WTFC opened at $146.10 on Monday. Wintrust Financial has a 52-week low of $89.10 and a 52-week high of $147.73. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.65. The stock has a fifty day simple moving average of $136.18 and a two-hundred day simple moving average of $132.65. The company has a market capitalization of $9.78 billion, a PE ratio of 13.43 and a beta of 0.88.

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

Wintrust Financial Dividend Announcement

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

Institutional Trading of Wintrust Financial

Several institutional investors have recently added to or reduced their stakes in WTFC. First Trust Advisors LP boosted its position in shares of Wintrust Financial by 5.4% during the third quarter. First Trust Advisors LP now owns 1,992,906 shares of the bank’s stock worth $263,940,000 after buying an additional 102,833 shares during the period. Earnest Partners LLC raised its holdings in shares of Wintrust Financial by 0.6% in the 3rd quarter. Earnest Partners LLC now owns 1,442,018 shares of the bank’s stock valued at $190,981,000 after buying an additional 8,048 shares during the period. Principal Financial Group Inc. lifted its stake in Wintrust Financial by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,300,234 shares of the bank’s stock worth $172,204,000 after acquiring an additional 75,155 shares in the last quarter. Invesco Ltd. boosted its holdings in Wintrust Financial by 9.0% during the 2nd quarter. Invesco Ltd. now owns 1,229,858 shares of the bank’s stock valued at $152,478,000 after acquiring an additional 101,134 shares during the period. Finally, Bank of America Corp DE increased its stake in Wintrust Financial by 1.4% during the third quarter. Bank of America Corp DE now owns 1,071,763 shares of the bank’s stock worth $141,944,000 after purchasing an additional 15,044 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

About Wintrust Financial

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.