Wintrust Financial (NASDAQ:WTFC) PT Lowered to $96.00 at UBS Group

Wintrust Financial (NASDAQ:WTFCGet Rating) had its price target trimmed by UBS Group from $104.00 to $96.00 in a research report report published on Friday morning, Marketbeat.com reports. The brokerage currently has a neutral rating on the bank’s stock.

Several other analysts have also recently commented on WTFC. Raymond James decreased their target price on Wintrust Financial from $130.00 to $111.00 and set a strong-buy rating for the company in a research report on Wednesday, June 29th. Jefferies Financial Group decreased their target price on Wintrust Financial from $109.00 to $96.00 in a research report on Monday, July 11th. Piper Sandler lifted their target price on Wintrust Financial to $107.00 in a research report on Friday, July 22nd. StockNews.com initiated coverage on Wintrust Financial in a report on Thursday, March 31st. They set a hold rating on the stock. Finally, DA Davidson reiterated a buy rating on shares of Wintrust Financial in a research note on Wednesday, July 27th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $103.38.

Wintrust Financial Trading Up 0.2 %

Shares of WTFC opened at $86.04 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.96 and a current ratio of 0.97. The stock has a 50-day moving average price of $83.12 and a 200 day moving average price of $90.08. Wintrust Financial has a one year low of $68.99 and a one year high of $105.56. The company has a market capitalization of $5.22 billion, a P/E ratio of 12.45, a P/E/G ratio of 0.64 and a beta of 1.28.

Wintrust Financial (NASDAQ:WTFCGet Rating) last announced its quarterly earnings results on Wednesday, July 20th. The bank reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.21). Wintrust Financial had a return on equity of 10.43% and a net margin of 22.78%. During the same period last year, the firm earned $1.70 EPS. Sell-side analysts forecast that Wintrust Financial will post 7.97 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $1.36 annualized dividend and a dividend yield of 1.58%. Wintrust Financial’s dividend payout ratio is presently 19.68%.

Institutional Trading of Wintrust Financial

Several large investors have recently made changes to their positions in WTFC. Russell Investments Group Ltd. raised its stake in shares of Wintrust Financial by 461.2% during the fourth quarter. Russell Investments Group Ltd. now owns 39,767 shares of the bank’s stock valued at $3,609,000 after acquiring an additional 32,681 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Wintrust Financial by 27.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,539 shares of the bank’s stock valued at $321,000 after acquiring an additional 753 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Wintrust Financial during the fourth quarter valued at $1,859,000. Yousif Capital Management LLC bought a new position in shares of Wintrust Financial during the fourth quarter valued at $2,685,000. Finally, Dupont Capital Management Corp bought a new position in Wintrust Financial during the fourth quarter worth $1,251,000. Institutional investors and hedge funds own 89.71% of the company’s stock.

Wintrust Financial Company Profile

(Get Rating)

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.

Further Reading

Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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