Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) – Equities research analysts at DA Davidson issued their Q1 2023 earnings per share estimates for shares of Wintrust Financial in a report released on Friday, January 20th. DA Davidson analyst J. Rulis anticipates that the bank will earn $2.60 per share for the quarter. DA Davidson has a “Buy” rating and a $110.00 price target on the stock. The consensus estimate for Wintrust Financial’s current full-year earnings is $10.80 per share. DA Davidson also issued estimates for Wintrust Financial’s FY2023 earnings at $11.60 EPS.
Other research analysts have also recently issued research reports about the company. Raymond James decreased their price target on Wintrust Financial from $118.00 to $110.00 and set a “strong-buy” rating for the company in a research note on Friday. Piper Sandler upped their price objective on Wintrust Financial from $107.00 to $121.00 and gave the company an “overweight” rating in a report on Thursday, October 20th. UBS Group upped their price objective on Wintrust Financial to $100.00 in a report on Wednesday, November 16th. Royal Bank of Canada upped their price objective on Wintrust Financial from $109.00 to $115.00 and gave the company an “outperform” rating in a report on Thursday, October 20th. Finally, Wedbush upped their target price on Wintrust Financial from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, October 19th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $108.78.
Wintrust Financial Trading Up 2.9 %
Wintrust Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 25th. Investors of record on Thursday, November 10th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.56%. The ex-dividend date was Wednesday, November 9th. Wintrust Financial’s dividend payout ratio is currently 17.00%.
Insider Buying and Selling
In related news, CFO David L. Stoehr sold 2,215 shares of the stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $92.45, for a total value of $204,776.75. Following the completion of the sale, the chief financial officer now directly owns 11,266 shares of the company’s stock, valued at approximately $1,041,541.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.41% of the company’s stock.
Institutional Investors Weigh In On Wintrust Financial
Hedge funds have recently bought and sold shares of the business. Cibc World Market Inc. lifted its stake in Wintrust Financial by 8.5% in the 2nd quarter. Cibc World Market Inc. now owns 28,514 shares of the bank’s stock worth $2,285,000 after acquiring an additional 2,231 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Wintrust Financial in the 2nd quarter worth about $1,074,000. Walleye Capital LLC increased its position in Wintrust Financial by 254.2% in the 2nd quarter. Walleye Capital LLC now owns 49,068 shares of the bank’s stock worth $3,933,000 after purchasing an additional 35,215 shares during the last quarter. Treasurer of the State of North Carolina increased its position in Wintrust Financial by 21.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 25,343 shares of the bank’s stock worth $2,031,000 after purchasing an additional 4,471 shares during the last quarter. Finally, Intrust Bank NA increased its position in Wintrust Financial by 6.6% in the 2nd quarter. Intrust Bank NA now owns 5,073 shares of the bank’s stock worth $407,000 after purchasing an additional 312 shares during the last quarter. 89.47% of the stock is owned by hedge funds and other institutional investors.
About Wintrust Financial
Wintrust Financial Corp. is a bank holding company, which engages in the provision of banking and financial services. It operates through the following segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment provides community-oriented, personal, and commercial banking services to customers located in its market area.
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