Royal Bank of Canada Cuts Wintrust Financial (NASDAQ:WTFC) Price Target to $95.00

Wintrust Financial (NASDAQ:WTFCGet Rating) had its price target cut by Royal Bank of Canada from $108.00 to $95.00 in a research report report published on Tuesday, The Fly reports.

A number of other research firms also recently issued reports on WTFC. Truist Financial decreased their target price on shares of Wintrust Financial from $112.00 to $102.00 in a research report on Friday, December 9th. Hovde Group upgraded shares of Wintrust Financial from a market perform rating to an outperform rating and set a $108.00 price objective for the company in a research report on Wednesday, February 1st. StockNews.com downgraded shares of Wintrust Financial from a buy rating to a hold rating in a research report on Saturday, November 19th. UBS Group upped their price objective on shares of Wintrust Financial to $100.00 in a research report on Wednesday, November 16th. Finally, DA Davidson decreased their price objective on shares of Wintrust Financial from $120.00 to $110.00 and set a buy rating for the company in a research report on Friday, January 20th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $106.70.

Wintrust Financial Trading Up 5.5 %

NASDAQ WTFC opened at $74.97 on Tuesday. The company has a market capitalization of $4.57 billion, a PE ratio of 9.50, a P/E/G ratio of 0.43 and a beta of 1.20. The company has a fifty day moving average of $89.22 and a 200 day moving average of $87.90. Wintrust Financial has a 1 year low of $57.48 and a 1 year high of $98.54. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.99 and a quick ratio of 0.98.

Wintrust Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 23rd. Stockholders of record on Thursday, February 9th were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, February 8th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.13%. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.34. Wintrust Financial’s payout ratio is currently 20.00%.

Insider Transactions at Wintrust Financial

In related news, Director H Patrick Hackett, Jr. bought 7,100 shares of the business’s stock in a transaction dated Monday, March 13th. The stock was acquired at an average price of $73.31 per share, with a total value of $520,501.00. Following the completion of the purchase, the director now directly owns 47,173 shares of the company’s stock, valued at $3,458,252.63. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.41% of the company’s stock.

Institutional Trading of Wintrust Financial

Large investors have recently bought and sold shares of the business. Cibc World Market Inc. grew its stake in Wintrust Financial by 8.5% during the 2nd quarter. Cibc World Market Inc. now owns 28,514 shares of the bank’s stock valued at $2,285,000 after acquiring an additional 2,231 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Wintrust Financial during the 2nd quarter valued at about $1,074,000. Walleye Capital LLC grew its stake in Wintrust Financial by 254.2% during the 2nd quarter. Walleye Capital LLC now owns 49,068 shares of the bank’s stock valued at $3,933,000 after acquiring an additional 35,215 shares in the last quarter. Maven Securities LTD grew its stake in Wintrust Financial by 171.4% during the 3rd quarter. Maven Securities LTD now owns 11,400 shares of the bank’s stock valued at $930,000 after acquiring an additional 7,200 shares in the last quarter. Finally, Intrust Bank NA grew its stake in Wintrust Financial by 6.6% during the 2nd quarter. Intrust Bank NA now owns 5,073 shares of the bank’s stock valued at $407,000 after acquiring an additional 312 shares in the last quarter. Hedge funds and other institutional investors own 89.47% of the company’s stock.

About Wintrust Financial

(Get Rating)

Wintrust Financial Corp. operates as 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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