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

Wintrust Financial Corporation (NASDAQ:WTFC) has earned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $152.5455.

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group cut their price objective on Wintrust Financial from $165.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, October 21st. Truist Financial boosted their target price on Wintrust Financial from $151.00 to $158.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. DA Davidson reiterated a “buy” rating and set a $158.00 price target on shares of Wintrust Financial in a research report on Tuesday, October 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Wintrust Financial in a research note on Wednesday, October 8th. Finally, Barclays reaffirmed an “overweight” rating and issued a $175.00 price objective on shares of Wintrust Financial in a research note on Wednesday, October 8th.

Wintrust Financial Price Performance

WTFC stock opened at $141.17 on Thursday. The firm has a 50 day simple moving average of $131.53 and a two-hundred day simple moving average of $130.24. The stock has a market cap of $9.45 billion, a PE ratio of 12.98 and a beta of 0.90. Wintrust Financial has a one year low of $89.10 and a one year high of $143.76. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 1.00.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Thursday, November 6th. The bank reported $3.06 earnings per share (EPS) for the quarter. The company had revenue of $1.26 billion during the quarter. Wintrust Financial had a net margin of 18.85% and a return on equity of 12.82%. On average, analysts predict that Wintrust Financial will post 10.36 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were given a dividend of $0.50 per share. 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 presently 18.38%.

Institutional Investors Weigh In On Wintrust Financial

Several institutional investors have recently bought and sold shares of WTFC. Maseco LLP purchased a new position in Wintrust Financial in the 2nd quarter worth approximately $25,000. Root Financial Partners LLC purchased a new position in shares of Wintrust Financial in the third quarter worth $27,000. Advisors Asset Management Inc. bought a new stake in Wintrust Financial during the 1st quarter valued at $27,000. AlphaQuest LLC purchased a new stake in Wintrust Financial during the 1st quarter valued at $33,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Wintrust Financial by 52.9% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 289 shares of the bank’s stock worth $36,000 after acquiring an additional 100 shares during the last quarter. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Wintrust Financial Company Profile

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.