Shares of Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) have earned an average recommendation of "Moderate Buy" from the ten brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $105.29.
A number of brokerages have weighed in on WTFC. Raymond James lowered their price target on Wintrust Financial from $130.00 to $111.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, June 29th. Wedbush boosted their price target on Wintrust Financial from $100.00 to $105.00 and gave the stock an "outperform" rating in a research report on Thursday, July 21st. Jefferies Financial Group lowered their price target on Wintrust Financial from $109.00 to $96.00 in a research report on Monday, July 11th. UBS Group reduced their price objective on Wintrust Financial from $104.00 to $96.00 and set a "neutral" rating for the company in a report on Friday, July 29th. Finally, Piper Sandler boosted their price objective on Wintrust Financial to $107.00 in a report on Friday, July 22nd.
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Institutional Investors Weigh In On Wintrust Financial
Several institutional investors have recently made changes to their positions in WTFC. Lord Abbett & CO. LLC bought a new stake in shares of Wintrust Financial in the first quarter valued at approximately $40,703,000. FMR LLC boosted its stake in shares of Wintrust Financial by 12.6% in the second quarter. FMR LLC now owns 3,463,337 shares of the bank's stock valued at $277,586,000 after buying an additional 388,206 shares during the period. Goldman Sachs Group Inc. raised its position in Wintrust Financial by 136.2% during the second quarter. Goldman Sachs Group Inc. now owns 664,210 shares of the bank's stock valued at $53,237,000 after purchasing an additional 382,944 shares in the last quarter. Leeward Investments LLC MA acquired a new position in Wintrust Financial during the first quarter valued at approximately $31,336,000. Finally, Eaton Vance Management raised its position in Wintrust Financial by 160.5% during the first quarter. Eaton Vance Management now owns 542,398 shares of the bank's stock valued at $50,406,000 after purchasing an additional 334,184 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.
Wintrust Financial Price Performance
NASDAQ:WTFC opened at $81.58 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.96 and a current ratio of 0.97. The stock's 50-day simple moving average is $85.89 and its 200 day simple moving average is $86.35. The company has a market cap of $4.96 billion, a P/E ratio of 11.81, a P/E/G ratio of 0.61 and a beta of 1.24. Wintrust Financial has a 52-week low of $76.13 and a 52-week high of $105.56.
Wintrust Financial (NASDAQ:WTFC – Get Rating) last announced its quarterly earnings results on Wednesday, July 20th. The bank reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.69 by ($0.20). The business had revenue of $440.75 million for the quarter, compared to analyst estimates of $449.93 million. Wintrust Financial had a return on equity of 10.43% and a net margin of 22.78%. During the same period last year, the firm earned $1.70 EPS. As a group, sell-side analysts forecast that Wintrust Financial will post 7.99 EPS for the current fiscal year.
Wintrust Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Investors of record on Thursday, August 11th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Wednesday, August 10th. Wintrust Financial's dividend payout ratio (DPR) is currently 19.68%.
Wintrust Financial Company Profile
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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.
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