Wedbush Boosts Wintrust Financial (NASDAQ:WTFC) Price Target to $130.00

Wintrust Financial (NASDAQ:WTFC) had its target price lifted by Wedbush from $115.00 to $130.00 in a research report sent to investors on Thursday, Benzinga reports. Wedbush currently has an outperform rating on the bank’s stock.

Other equities research analysts have also recently issued reports about the stock. StockNews.com raised shares of Wintrust Financial from a sell rating to a hold rating in a research report on Thursday, April 18th. Hovde Group reiterated a market perform rating and issued a $100.00 price target on shares of Wintrust Financial in a report on Friday, June 21st. Truist Financial dropped their price objective on Wintrust Financial from $112.00 to $107.00 and set a buy rating for the company in a report on Monday, July 8th. Citigroup reduced their target price on Wintrust Financial from $115.00 to $113.00 and set a buy rating on the stock in a report on Monday, April 22nd. Finally, Jefferies Financial Group dropped their price target on Wintrust Financial from $118.00 to $116.00 and set a buy rating for the company in a research note on Wednesday, July 3rd. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $117.00.

Wintrust Financial Trading Down 1.2 %

Shares of Wintrust Financial stock opened at $105.02 on Thursday. Wintrust Financial has a fifty-two week low of $71.86 and a fifty-two week high of $113.68. The business’s fifty day moving average is $98.47 and its two-hundred day moving average is $97.88. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 0.85. The firm has a market cap of $6.48 billion, a PE ratio of 10.86 and a beta of 1.18.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Wednesday, July 17th. The bank reported $2.32 earnings per share for the quarter, missing the consensus estimate of $2.42 by ($0.10). Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The business had revenue of $591.76 million for the quarter, compared to analysts’ expectations of $587.33 million. During the same quarter last year, the company posted $2.38 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. Analysts anticipate that Wintrust Financial will post 10.1 earnings per share for the current year.

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 1.71%. Wintrust Financial’s dividend payout ratio is currently 18.61%.

Institutional Trading of Wintrust Financial

Several large investors have recently modified their holdings of the business. Leeward Investments LLC MA grew its stake in Wintrust Financial by 5.6% during the 2nd quarter. Leeward Investments LLC MA now owns 276,710 shares of the bank’s stock valued at $27,273,000 after purchasing an additional 14,679 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Wintrust Financial by 2.7% during the 2nd quarter. Raymond James & Associates now owns 207,944 shares of the bank’s stock valued at $20,495,000 after buying an additional 5,563 shares during the last quarter. Blue Trust Inc. grew its position in shares of Wintrust Financial by 14.4% during the second quarter. Blue Trust Inc. now owns 1,431 shares of the bank’s stock worth $149,000 after buying an additional 180 shares in the last quarter. Reinhart Partners LLC. increased its stake in shares of Wintrust Financial by 0.4% in the second quarter. Reinhart Partners LLC. now owns 734,151 shares of the bank’s stock worth $72,358,000 after buying an additional 2,806 shares during the last quarter. Finally, Hunter Perkins Capital Management LLC raised its holdings in Wintrust Financial by 30.5% in the second quarter. Hunter Perkins Capital Management LLC now owns 8,355 shares of the bank’s stock valued at $823,000 after acquiring an additional 1,955 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

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.