Wintrust Financial Corporation (NASDAQ:WTFC) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Wintrust Financial Corporation (NASDAQ:WTFC) have received a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $177.7692.

WTFC has been the subject of several analyst reports. TD Cowen cut their price target on Wintrust Financial from $184.00 to $183.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Royal Bank Of Canada raised their price objective on Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Barclays raised their price objective on Wintrust Financial from $190.00 to $192.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Capital One Financial set a $170.00 price objective on Wintrust Financial in a research report on Tuesday, July 21st. Finally, Brean Capital lowered Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 target price for the company. in a research note on Tuesday, July 21st.

Insider Activity at Wintrust Financial

In related news, Director Suzet M. Mckinney sold 500 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $148.96, for a total transaction of $74,480.00. Following the completion of the transaction, the director owned 3,303 shares of the company’s stock, valued at approximately $492,014.88. This represents a 13.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.24% of the stock is currently owned by corporate insiders.

Institutional Trading of Wintrust Financial

Several large investors have recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB increased its stake in Wintrust Financial by 7.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 16,723 shares of the bank’s stock worth $2,688,000 after buying an additional 1,100 shares during the period. Reinhart Partners LLC. boosted its position in Wintrust Financial by 0.5% in the 2nd quarter. Reinhart Partners LLC. now owns 527,152 shares of the bank’s stock valued at $84,727,000 after buying an additional 2,592 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Wintrust Financial during the second quarter valued at about $49,000. GAMMA Investing LLC grew its stake in shares of Wintrust Financial by 14.0% during the second quarter. GAMMA Investing LLC now owns 2,270 shares of the bank’s stock valued at $365,000 after acquiring an additional 278 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Wintrust Financial by 8.9% during the second quarter. Versant Capital Management Inc now owns 1,348 shares of the bank’s stock worth $217,000 after acquiring an additional 110 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Stock Performance

NASDAQ:WTFC opened at $161.08 on Friday. The firm has a 50 day simple moving average of $156.98 and a 200-day simple moving average of $149.71. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. The firm has a market cap of $10.86 billion, a PE ratio of 12.94 and a beta of 0.84. Wintrust Financial has a 1-year low of $119.61 and a 1-year high of $167.21.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, July 20th. The bank reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.15. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The business had revenue of $738.63 million for the quarter, compared to the consensus estimate of $735.36 million. During the same quarter in the prior year, the firm posted $2.78 earnings per share. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, equities analysts expect that Wintrust Financial will post 13.04 EPS for the current year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be issued a $0.55 dividend. The ex-dividend date is Thursday, August 6th. This represents a $2.20 annualized dividend and a yield of 1.4%. Wintrust Financial’s payout ratio is 17.67%.

Wintrust Financial Company Profile

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.