Wintrust Financial Co. (NASDAQ:WTFC) Given Average Recommendation of “Moderate Buy” by Analysts

Posted by MarketBeat News on Aug 4th, 2022

Shares of Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) have been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $103.38.

Several research firms recently commented on WTFC. DA Davidson reiterated a “buy” rating on shares of Wintrust Financial in a research report on Wednesday, July 27th. Wedbush upped their price target on shares of Wintrust Financial from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Thursday, July 21st. Truist Financial upped their price target on shares of Wintrust Financial to $100.00 in a research report on Monday, July 25th. Piper Sandler upped their price target on shares of Wintrust Financial to $107.00 in a research report on Friday, July 22nd. Finally, UBS Group reduced their price target on shares of Wintrust Financial from $104.00 to $96.00 and set a “neutral” rating for the company in a research report on Friday, July 29th.

Hedge Funds Weigh In On Wintrust Financial

A number of institutional investors and hedge funds have recently made changes to their positions in WTFC. Victory Capital Management Inc. grew its stake in shares of Wintrust Financial by 543.4% during the 4th quarter. Victory Capital Management Inc. now owns 2,016,187 shares of the bank’s stock worth $183,111,000 after purchasing an additional 1,702,814 shares during the period. Lord Abbett & CO. LLC acquired a new position in shares of Wintrust Financial during the 1st quarter worth $40,703,000. Leeward Investments LLC MA acquired a new position in shares of Wintrust Financial during the 1st quarter worth $31,336,000. Eaton Vance Management grew its stake in shares of Wintrust Financial by 160.5% during the 1st quarter. Eaton Vance Management now owns 542,398 shares of the bank’s stock worth $50,406,000 after purchasing an additional 334,184 shares during the period. Finally, William Blair Investment Management LLC grew its stake in shares of Wintrust Financial by 95.8% during the 1st quarter. William Blair Investment Management LLC now owns 469,935 shares of the bank’s stock worth $43,671,000 after purchasing an additional 229,942 shares during the period. 89.71% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Trading Up 1.3 %

Shares of Wintrust Financial stock opened at $85.69 on Thursday. The company has a fifty day simple moving average of $83.24 and a 200-day simple moving average of $89.82. Wintrust Financial has a 12-month low of $69.49 and a 12-month high of $105.56. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.54. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 0.64 and a beta of 1.26.

Wintrust Financial (NASDAQ:WTFC – Get Rating) last issued its earnings results on Wednesday, July 20th. The bank reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.21). Wintrust Financial had a net margin of 22.78% and a return on equity of 10.43%. During the same quarter last year, the firm posted $1.70 earnings per share. On average, equities analysts forecast that Wintrust Financial will post 7.97 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 25th. Shareholders of record on Thursday, August 11th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $1.36 dividend on an annualized basis and a yield of 1.59%. Wintrust Financial’s payout ratio is currently 19.68%.

Wintrust Financial Company Profile

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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.