Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) has received an average recommendation of "Moderate Buy" from the ten brokerages that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $105.29.
Several equities analysts have recently issued reports on WTFC shares. UBS Group decreased their target price on Wintrust Financial from $104.00 to $96.00 and set a "neutral" rating for the company in a research report on Friday, July 29th. Jefferies Financial Group decreased their target price on Wintrust Financial from $109.00 to $96.00 in a research report on Monday, July 11th. Truist Financial boosted their target price on Wintrust Financial to $100.00 in a research report on Monday, July 25th. Piper Sandler boosted their target price on Wintrust Financial to $107.00 in a research report on Friday, July 22nd. Finally, Raymond James decreased their target price on Wintrust Financial from $130.00 to $111.00 and set a "strong-buy" rating for the company in a research report on Wednesday, June 29th.Get Wintrust Financial alerts:
Hedge Funds Weigh In On Wintrust Financial
Several institutional investors and hedge funds have recently modified their holdings of WTFC. Pinebridge Investments L.P. boosted its position in Wintrust Financial by 307.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 407 shares of the bank's stock worth $33,000 after acquiring an additional 307 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Wintrust Financial by 31.8% during the 1st quarter. Quadrant Capital Group LLC now owns 730 shares of the bank's stock worth $68,000 after acquiring an additional 176 shares during the last quarter. CoreCap Advisors LLC acquired a new position in Wintrust Financial during the 2nd quarter worth approximately $76,000. Trust Co. of Vermont acquired a new position in Wintrust Financial during the 2nd quarter worth approximately $80,000. Finally, Convergence Investment Partners LLC acquired a new position in Wintrust Financial during the 2nd quarter worth approximately $125,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.
Wintrust Financial Stock PerformanceShares of NASDAQ:WTFC opened at $83.73 on Friday. The stock has a market capitalization of $5.09 billion, a P/E ratio of 12.12, a P/E/G ratio of 0.64 and a beta of 1.24. Wintrust Financial has a 1-year low of $74.72 and a 1-year high of $105.56. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average price of $86.11 and a two-hundred day moving average price of $86.68.
Wintrust Financial (NASDAQ:WTFC – Get Rating) last announced its quarterly earnings data on Wednesday, July 20th. The bank reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($0.20). The firm had revenue of $440.75 million for the quarter, compared to the consensus estimate 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 in the prior year, the firm posted $1.70 earnings per share. Equities analysts predict that Wintrust Financial will post 7.99 earnings per share for the current year.
Wintrust Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 25th. Investors of record on Thursday, August 11th were given a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $1.36 annualized dividend and a dividend yield of 1.62%. Wintrust Financial's dividend payout ratio is presently 19.68%.
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.
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