Brokerages Set Wintrust Financial Co. (NASDAQ:WTFC) Price Target at $123.00

Wintrust Financial Co. (NASDAQ:WTFC) has been given an average rating of “Moderate Buy” by the thirteen analysts that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $123.00.

WTFC has been the subject of a number of research reports. Wedbush restated an “outperform” rating and issued a $130.00 target price on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Stephens reaffirmed an “overweight” rating and issued a $115.00 target price on shares of Wintrust Financial in a research note on Thursday, July 18th. Keefe, Bruyette & Woods lowered shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $110.00 to $115.00 in a research report on Friday, July 19th. Piper Sandler raised 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. Finally, Raymond James upped their price objective on Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 23rd.

Insiders Place Their Bets

In other news, insider Richard B. Murphy sold 4,099 shares of Wintrust Financial stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total transaction of $473,967.37. Following the transaction, the insider now owns 42,311 shares in the company, valued at $4,892,420.93. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, 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 transaction of $473,967.37. Following the sale, the insider now directly owns 42,311 shares in the company, valued at $4,892,420.93. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David L. Stoehr sold 1,607 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,198 shares of company stock worth $2,445,314. Company insiders own 1.47% of the company’s stock.

Institutional Investors Weigh In On Wintrust Financial

Several institutional investors have recently bought and sold shares of WTFC. Versant Capital Management Inc increased its position in Wintrust Financial by 825.0% during the second quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock worth $29,000 after buying an additional 264 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Wintrust Financial during the 3rd quarter worth approximately $35,000. UMB Bank n.a. raised its stake in Wintrust Financial by 62.0% in the 3rd quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after acquiring an additional 196 shares during the period. Whittier Trust Co. lifted its holdings in Wintrust Financial by 138.8% during the 1st quarter. Whittier Trust Co. now owns 578 shares of the bank’s stock valued at $60,000 after purchasing an additional 336 shares during the last quarter. Finally, Covestor Ltd increased its position in Wintrust Financial by 77.9% during the third quarter. Covestor Ltd now owns 653 shares of the bank’s stock worth $71,000 after acquiring an additional 286 shares during the period. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Trading Up 1.2 %

Shares of WTFC stock opened at $128.60 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $8.55 billion, a P/E ratio of 13.47 and a beta of 1.15. Wintrust Financial has a 12-month low of $76.67 and a 12-month high of $131.66. The firm has a 50-day moving average price of $110.58 and a 200 day moving average price of $103.87.

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

Wintrust Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, November 7th. Wintrust Financial’s dividend payout ratio is currently 18.85%.

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.