Brokerages Set Wintrust Financial Corporation (NASDAQ:WTFC) PT at $177.77

Wintrust Financial Corporation (NASDAQ:WTFC) has earned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $177.7692.

Several equities analysts have commented on WTFC shares. TD Cowen lowered their target price on shares of Wintrust Financial from $184.00 to $183.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. DA Davidson upped their price target on shares of Wintrust Financial from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Capital One Financial set a $170.00 price objective on shares of Wintrust Financial in a report on Tuesday, July 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Wintrust Financial in a research note on Monday, June 29th. Finally, Citigroup lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, July 21st.

Insider Activity

In other news, Director Suzet M. Mckinney sold 500 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $148.96, for a total value of $74,480.00. Following the sale, the director owned 3,303 shares of the company’s stock, valued at approximately $492,014.88. The trade was a 13.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.24% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. First Trust Advisors LP raised its position in Wintrust Financial by 26.6% in the first quarter. First Trust Advisors LP now owns 1,830,268 shares of the bank’s stock worth $254,297,000 after acquiring an additional 385,069 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Wintrust Financial by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,273,042 shares of the bank’s stock valued at $178,038,000 after purchasing an additional 16,997 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Wintrust Financial by 1.4% during the 3rd quarter. Bank of America Corp DE now owns 1,071,763 shares of the bank’s stock valued at $141,944,000 after purchasing an additional 15,044 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Wintrust Financial by 22.2% during the 4th quarter. Wellington Management Group LLP now owns 832,352 shares of the bank’s stock valued at $116,379,000 after purchasing an additional 151,385 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Wintrust Financial in the 4th quarter worth approximately $111,924,000. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Price Performance

Shares of WTFC opened at $158.66 on Friday. The firm has a market capitalization of $10.70 billion, a price-to-earnings ratio of 12.74 and a beta of 0.84. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98. Wintrust Financial has a one year low of $119.61 and a one year high of $167.21. The stock’s fifty day moving average is $156.44 and its 200-day moving average is $149.53.

Wintrust Financial (NASDAQ:WTFC) last issued 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 business had revenue of $738.63 million for 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%. The company’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.78 earnings per share. Equities analysts anticipate that Wintrust Financial will post 13.04 EPS for the current year.

Wintrust Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, August 6th. Wintrust Financial’s dividend payout ratio (DPR) is presently 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.