Brokerages Set Wintrust Financial Co. (NASDAQ:WTFC) Price Target at $133.69

Shares of Wintrust Financial Co. (NASDAQ:WTFC) have received an average rating of “Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $133.69.

WTFC has been the topic of a number of analyst reports. Piper Sandler lifted their target price on shares of Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Raymond James reissued a “strong-buy” rating and set a $150.00 target price (up previously from $135.00) on shares of Wintrust Financial in a research note on Thursday, January 23rd. Barclays upped their price target on Wintrust Financial from $151.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. UBS Group initiated coverage on shares of Wintrust Financial in a research report on Tuesday, December 17th. They set a “buy” rating and a $157.00 price objective on the stock. Finally, Truist Financial raised shares of Wintrust Financial to a “strong-buy” rating in a research note on Monday, January 6th.

Wintrust Financial Trading Down 0.4 %

Shares of Wintrust Financial stock opened at $95.89 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00. The stock has a market capitalization of $6.40 billion, a PE ratio of 9.30 and a beta of 0.94. Wintrust Financial has a 1-year low of $89.10 and a 1-year high of $142.04. The company’s fifty day simple moving average is $119.64 and its 200-day simple moving average is $122.35.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same quarter last year, the firm earned $1.87 earnings per share. As a group, equities analysts anticipate that Wintrust Financial will post 10.36 earnings per share for the current year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, May 8th. This represents a $2.00 annualized dividend and a yield of 2.09%. Wintrust Financial’s payout ratio is currently 19.40%.

Insider Buying and Selling at Wintrust Financial

In related news, insider Richard B. Murphy sold 3,186 shares of Wintrust Financial stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $131.30, for a total transaction of $418,321.80. Following the completion of the transaction, the insider now directly owns 48,814 shares of the company’s stock, valued at approximately $6,409,278.20. The trade was a 6.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total transaction of $54,475.20. Following the completion of the sale, the executive vice president now directly owns 2,276 shares in the company, valued at $298,042.20. This trade represents a 15.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,178 shares of company stock worth $1,336,315 over the last ninety days. Company insiders own 1.47% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in Wintrust Financial by 21,245.9% during the 1st quarter. GAMMA Investing LLC now owns 268,105 shares of the bank’s stock valued at $30,151,000 after acquiring an additional 266,849 shares during the period. Mackenzie Financial Corp bought a new stake in shares of Wintrust Financial during the fourth quarter worth $516,000. GTS Securities LLC purchased a new stake in shares of Wintrust Financial during the fourth quarter valued at $334,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Wintrust Financial by 20.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 167,327 shares of the bank’s stock valued at $20,867,000 after purchasing an additional 27,892 shares during the period. Finally, iSAM Funds UK Ltd bought a new position in shares of Wintrust Financial in the fourth quarter worth about $258,000. Hedge funds and other institutional investors own 93.48% of the company’s stock.

About Wintrust Financial

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.