Brokerages Set Wintrust Financial Co. (NASDAQ:WTFC) Price Target at $128.00

Wintrust Financial Co. (NASDAQ:WTFC) has received a consensus recommendation of “Moderate Buy” from the thirteen analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $128.00.

Several research analysts have recently commented on WTFC shares. Citigroup increased their price target on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Truist Financial upped their price target on shares of Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Piper Sandler lifted their price objective on Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Raymond James increased their target price on Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $130.00 price target on shares of Wintrust Financial in a research report on Tuesday, October 22nd.

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $125.21 on Thursday. Wintrust Financial has a 1-year low of $89.68 and a 1-year high of $142.04. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $8.33 billion, a price-to-earnings ratio of 13.11 and a beta of 1.18. The stock’s fifty day simple moving average is $127.83 and its 200-day simple moving average is $112.11.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The company had revenue of $615.73 million during the quarter, compared to analyst estimates of $623.45 million. During the same period last year, the company posted $2.53 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. On average, sell-side analysts predict that Wintrust Financial will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 7th were paid a $0.45 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.44%. Wintrust Financial’s payout ratio is 18.85%.

Insider Buying and Selling

In related news, CFO David L. Stoehr sold 1,607 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $113.46, for a total value of $182,330.22. Following the sale, the chief financial officer now owns 14,874 shares of the company’s stock, valued at $1,687,604.04. The trade was a 9.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO David A. Dykstra sold 15,492 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the transaction, the chief operating officer now owns 197,591 shares of the company’s stock, valued at approximately $22,817,808.68. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,198 shares of company stock valued at $2,445,314 over the last ninety days. 1.47% of the stock is owned by company insiders.

Institutional Trading of Wintrust Financial

A number of large investors have recently bought and sold shares of WTFC. Whittier Trust Co. of Nevada Inc. lifted its holdings in Wintrust Financial by 11.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank’s stock valued at $85,000 after purchasing an additional 91 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Wintrust Financial by 6.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,782 shares of the bank’s stock worth $1,358,000 after acquiring an additional 845 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Wintrust Financial by 2.8% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 131,115 shares of the bank’s stock valued at $12,923,000 after purchasing an additional 3,548 shares in the last quarter. Signaturefd LLC increased its holdings in Wintrust Financial by 8.3% during the 2nd quarter. Signaturefd LLC now owns 3,941 shares of the bank’s stock valued at $388,000 after purchasing an additional 301 shares in the last quarter. Finally, Rothschild Investment LLC bought a new position in Wintrust Financial in the 2nd quarter valued at $304,000. 93.48% of the stock is currently owned by institutional investors.

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.