Wintrust Financial (NASDAQ:WTFC) Reaches New 1-Year High – Here’s Why

Wintrust Financial Corporation (NASDAQ:WTFC)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $163.36 and last traded at $162.2150, with a volume of 145697 shares traded. The stock had previously closed at $159.81.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on WTFC shares. Barclays raised their price objective on Wintrust Financial from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. DA Davidson restated a “buy” rating and set a $165.00 target price on shares of Wintrust Financial in a report on Tuesday, April 21st. Royal Bank Of Canada raised their price target on Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. TD Cowen lifted their price target on Wintrust Financial from $173.00 to $176.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Finally, Truist Financial lowered their price objective on Wintrust Financial from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $168.92.

Wintrust Financial Stock Up 0.9%

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 stock has a market capitalization of $10.87 billion, a PE ratio of 13.51 and a beta of 0.84. The company has a 50 day moving average price of $150.87 and a 200-day moving average price of $146.43.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Monday, April 20th. The bank reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $0.26. Wintrust Financial had a net margin of 20.11% and a return on equity of 13.15%. The company had revenue of $713.17 million for the quarter, compared to analysts’ expectations of $707.23 million. During the same quarter in the previous year, the company earned $2.69 earnings per share. Wintrust Financial’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, analysts forecast that Wintrust Financial Corporation will post 13.07 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were issued a $0.55 dividend. The ex-dividend date was Thursday, May 14th. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. Wintrust Financial’s dividend payout ratio is 18.44%.

Insider Buying and Selling

In other Wintrust Financial news, Director Suzet M. Mckinney sold 500 shares of the firm’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 trade represents a 13.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David L. Stoehr sold 3,020 shares of Wintrust Financial stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $150.45, for a total transaction of $454,359.00. Following the transaction, the chief financial officer owned 13,213 shares of the company’s stock, valued at $1,987,895.85. The trade was a 18.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 13,099 shares of company stock worth $1,954,386 in the last three months. 1.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. bought a new stake in Wintrust Financial in the first quarter worth $27,000. Elyxium Wealth LLC bought a new position in shares of Wintrust Financial during the fourth quarter valued at $31,000. Creative Financial Designs Inc. ADV raised its position in shares of Wintrust Financial by 231.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock worth $32,000 after purchasing an additional 160 shares during the last quarter. Harbour Investments Inc. raised its position in shares of Wintrust Financial by 72.7% in the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after purchasing an additional 101 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new position in Wintrust Financial in the 1st quarter worth about $35,000. Hedge funds and other institutional investors own 93.48% of the company’s stock.

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.