Brokerages Set Wintrust Financial Co. (NASDAQ:WTFC) Price Target at $117.85

Wintrust Financial Co. (NASDAQ:WTFC) has received an average rating of “Moderate Buy” from the thirteen analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $117.85.

Several equities analysts have recently weighed in on the company. Citigroup cut their target price on Wintrust Financial from $115.00 to $113.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Keefe, Bruyette & Woods downgraded Wintrust Financial from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $110.00 to $115.00 in a research report on Friday, July 19th. Wedbush boosted their target price on Wintrust Financial from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, July 18th. Barclays cut their price objective on Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Finally, Stephens reaffirmed an “overweight” rating and issued a $115.00 price objective on shares of Wintrust Financial in a research report on Thursday, July 18th.

Wintrust Financial Stock Down 4.3 %

Shares of WTFC opened at $100.62 on Monday. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 10.41 and a beta of 1.18. Wintrust Financial has a 1 year low of $71.86 and a 1 year high of $113.68. The business’s 50 day simple moving average is $99.88 and its 200-day simple moving average is $98.80. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.99 and a quick ratio of 0.99.

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). The company had revenue of $591.76 million for the quarter, compared to the consensus estimate of $587.33 million. Wintrust Financial had a net margin of 17.02% and a return on equity of 12.71%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.38 EPS. As a group, equities analysts expect that Wintrust Financial will post 10.11 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, August 8th. Wintrust Financial’s payout ratio is 18.61%.

Hedge Funds Weigh In On Wintrust Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Wintrust Financial by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock worth $673,603,000 after buying an additional 244,168 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Wintrust Financial by 2,131.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 73,913 shares of the bank’s stock worth $6,855,000 after purchasing an additional 70,601 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Wintrust Financial by 5.9% during the 4th quarter. Clearbridge Investments LLC now owns 258,610 shares of the bank’s stock worth $23,986,000 after purchasing an additional 14,409 shares during the last quarter. Frontier Capital Management Co. LLC lifted its stake in shares of Wintrust Financial by 13.8% during the 4th quarter. Frontier Capital Management Co. LLC now owns 538,489 shares of the bank’s stock worth $49,945,000 after purchasing an additional 65,179 shares during the last quarter. Finally, Access Investment Management LLC purchased a new stake in shares of Wintrust Financial during the 4th quarter worth $1,624,000. Institutional investors own 93.48% of the company’s stock.

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.