UBS Group Begins Coverage on Wintrust Financial (NASDAQ:WTFC)

UBS Group began coverage on shares of Wintrust Financial (NASDAQ:WTFC) in a report published on Tuesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $157.00 price objective on the bank’s stock.

Several other equities research analysts have also commented on the stock. Piper Sandler upped their price target on shares of Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Barclays raised their target price on Wintrust Financial from $130.00 to $151.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Citigroup boosted their price target on Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Wedbush reaffirmed an “outperform” rating and set a $130.00 price objective on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Finally, DA Davidson lifted their target price on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Wintrust Financial currently has a consensus rating of “Moderate Buy” and an average price target of $128.00.

Wintrust Financial Trading Down 1.1 %

Wintrust Financial stock opened at $130.25 on Tuesday. The stock has a 50-day moving average price of $125.79 and a 200 day moving average price of $110.53. The company has a market capitalization of $8.66 billion, a price-to-earnings ratio of 13.64 and a beta of 1.18. Wintrust Financial has a 52 week low of $89.68 and a 52 week high of $142.04. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.03). The business had revenue of $615.73 million for the quarter, compared to analyst estimates of $623.45 million. Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.53 earnings per share. Sell-side analysts anticipate that Wintrust Financial will post 10.12 EPS for the current year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, November 7th. Wintrust Financial’s dividend payout ratio is presently 18.85%.

Insider Buying and Selling at Wintrust Financial

In related news, CFO David L. Stoehr sold 1,607 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total value of $182,330.22. Following the completion of the transaction, the chief financial officer now directly owns 14,874 shares of the company’s stock, valued at approximately $1,687,604.04. This represents a 9.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard B. Murphy sold 4,099 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total value of $473,967.37. Following the completion of the transaction, the insider now owns 42,311 shares in the company, valued at $4,892,420.93. The trade was a 8.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,198 shares of company stock valued at $2,445,314 over the last ninety days. Corporate insiders own 1.47% of the company’s stock.

Institutional Investors Weigh In On Wintrust Financial

A number of hedge funds have recently modified their holdings of WTFC. Envestnet Portfolio Solutions Inc. raised its holdings in Wintrust Financial by 11.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,227 shares of the bank’s stock valued at $515,000 after acquiring an additional 525 shares during the last quarter. Blue Trust Inc. lifted its position in Wintrust Financial by 14.4% during the second quarter. Blue Trust Inc. now owns 1,431 shares of the bank’s stock worth $149,000 after buying an additional 180 shares in the last quarter. Raymond James & Associates boosted its stake in Wintrust Financial by 2.7% during the second quarter. Raymond James & Associates now owns 207,944 shares of the bank’s stock worth $20,495,000 after buying an additional 5,563 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. grew its holdings in Wintrust Financial by 15.5% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 630,824 shares of the bank’s stock valued at $62,174,000 after buying an additional 84,687 shares in the last quarter. Finally, Ceredex Value Advisors LLC increased its stake in shares of Wintrust Financial by 2.1% in the 2nd quarter. Ceredex Value Advisors LLC now owns 139,292 shares of the bank’s stock worth $13,729,000 after acquiring an additional 2,850 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Company Profile

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.