Wintrust Financial Corporation (NASDAQ:WTFC) Stock Has Consensus Target Price of $176.29 According to Analysts

Wintrust Financial Corporation (NASDAQ:WTFC) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $176.29.

WTFC has been the subject of several recent analyst reports. Barclays cut their price target on Wintrust Financial from $192.00 to $190.00 and set an “overweight” rating for the company in a research note on Monday. Wells Fargo & Company began coverage on Wintrust Financial in a research report on Thursday, September 24th. They set an “equal weight” rating and a $160.00 price target on the stock. Raymond James Financial began coverage on Wintrust Financial in a research report on Tuesday, July 7th. They issued an “outperform” rating and a $180.00 price objective for the company. Citigroup downgraded Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, DA Davidson increased their target price on Wintrust Financial from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd.

Wintrust Financial Stock Down 0.7%

WTFC stock opened at $143.25 on Wednesday. The firm has a market cap of $9.67 billion, a PE ratio of 11.51 and a beta of 0.89. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98. The firm’s fifty day moving average is $151.67 and its 200 day moving average is $151.81. Wintrust Financial has a one year low of $119.61 and a one year high of $167.21.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.15. The company had revenue of $738.63 million during the quarter, compared to analysts’ expectations of $735.36 million. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. During the same quarter in the previous year, the company earned $2.78 earnings per share. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, research analysts forecast that Wintrust Financial will post 13.12 EPS for the current year.

Wintrust Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 6th. Wintrust Financial’s payout ratio is presently 17.67%.

Insider Transactions at Wintrust Financial

In other Wintrust Financial news, COO David Dykstra sold 13,515 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following the transaction, the chief operating officer directly owned 166,449 shares of the company’s stock, valued at $27,092,903.73. This trade represents a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.24% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC boosted its position in Wintrust Financial by 7.7% during the first quarter. Parallel Advisors LLC now owns 976 shares of the bank’s stock worth $136,000 after acquiring an additional 70 shares during the last quarter. MeadowBrook Investment Advisors LLC raised its holdings in Wintrust Financial by 3.0% in the 1st quarter. MeadowBrook Investment Advisors LLC now owns 2,545 shares of the bank’s stock valued at $354,000 after acquiring an additional 75 shares during the last quarter. HB Wealth Management LLC lifted its stake in Wintrust Financial by 4.6% in the 2nd quarter. HB Wealth Management LLC now owns 2,072 shares of the bank’s stock worth $333,000 after purchasing an additional 91 shares in the last quarter. Compound Planning Inc. lifted its stake in Wintrust Financial by 5.3% in the 1st quarter. Compound Planning Inc. now owns 1,868 shares of the bank’s stock worth $260,000 after purchasing an additional 94 shares in the last quarter. Finally, Clearwater Capital Advisors LLC boosted its holdings in shares of Wintrust Financial by 7.3% during the 1st quarter. Clearwater Capital Advisors LLC now owns 1,596 shares of the bank’s stock worth $222,000 after purchasing an additional 109 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

About Wintrust Financial

Wintrust Financial Corporation (NASDAQ: WTFC) is a financial holding company headquartered in Rosemont, Illinois. Founded in 1991, the company operates a network of community banks serving individuals, families and businesses primarily in the Chicago metropolitan area, southern Wisconsin and northwest Indiana.

Wintrust’s banking subsidiaries provide deposit accounts, commercial and consumer lending, residential mortgages, treasury management, trust and investment services, and other traditional banking products.