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

Shares of Wintrust Financial Co. (NASDAQ:WTFCGet Rating) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $105.29.

A number of research firms have recently issued reports on WTFC. Piper Sandler increased their price target on shares of Wintrust Financial to $107.00 in a research report on Friday, July 22nd. Wedbush raised their price objective 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. Jefferies Financial Group cut their price objective on shares of Wintrust Financial from $109.00 to $96.00 in a research report on Monday, July 11th. Raymond James cut their price objective on shares of Wintrust Financial from $130.00 to $111.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, June 29th. Finally, Truist Financial raised their price objective on shares of Wintrust Financial to $100.00 in a research report on Monday, July 25th.

Wintrust Financial Price Performance

NASDAQ WTFC opened at $83.73 on Friday. The company has a 50 day simple moving average of $86.11 and a 200-day simple moving average of $86.68. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.96. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 12.12, a price-to-earnings-growth ratio of 0.64 and a beta of 1.24. Wintrust Financial has a 52-week low of $74.72 and a 52-week high of $105.56.

Wintrust Financial (NASDAQ:WTFCGet Rating) last posted its quarterly earnings results on Wednesday, July 20th. The bank reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.20). The company had revenue of $440.75 million during the quarter, compared to analysts’ expectations of $449.93 million. Wintrust Financial had a return on equity of 10.43% and a net margin of 22.78%. During the same period last year, the company earned $1.70 earnings per share. Equities research analysts predict that Wintrust Financial will post 7.99 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Wednesday, August 10th. Wintrust Financial’s dividend payout ratio is 19.68%.

Hedge Funds Weigh In On Wintrust Financial

Institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Wintrust Financial by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 402,925 shares of the bank’s stock worth $36,594,000 after acquiring an additional 4,910 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Wintrust Financial by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 760,992 shares of the bank’s stock worth $69,113,000 after acquiring an additional 30,492 shares during the last quarter. Gotham Asset Management LLC acquired a new stake in shares of Wintrust Financial in the fourth quarter worth $264,000. Nuveen Asset Management LLC grew its stake in shares of Wintrust Financial by 10.7% in the fourth quarter. Nuveen Asset Management LLC now owns 542,143 shares of the bank’s stock worth $49,237,000 after acquiring an additional 52,399 shares during the last quarter. Finally, IHT Wealth Management LLC grew its stake in shares of Wintrust Financial by 11.0% in the fourth quarter. IHT Wealth Management LLC now owns 5,046 shares of the bank’s stock worth $458,000 after acquiring an additional 499 shares during the last quarter. Institutional investors own 92.21% 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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