Shares of Wintrust Financial Co. (NASDAQ:WTFC – Get Free Report) have earned an average rating of “Buy” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $94.60.
Several equities analysts have recently commented on the company. Stephens restated an “overweight” rating and set a $90.00 price target on shares of Wintrust Financial in a research note on Thursday, July 20th. Raymond James raised their price target on Wintrust Financial from $95.00 to $100.00 and gave the company a “strong-buy” rating in a research note on Friday, July 21st. Wedbush raised their price objective on Wintrust Financial from $86.00 to $95.00 and gave the company an “outperform” rating in a research report on Friday, July 21st. DA Davidson raised their price objective on Wintrust Financial from $82.00 to $96.00 in a research report on Friday, July 21st. Finally, StockNews.com started coverage on Wintrust Financial in a research report on Thursday, August 17th. They set a “hold” rating on the stock.
Wintrust Financial Stock Performance
Wintrust Financial (NASDAQ:WTFC – Get Free Report) last announced its quarterly earnings results on Thursday, July 20th. The bank reported $2.38 EPS for the quarter, meeting the consensus estimate of $2.38. The firm had revenue of $810.21 million for the quarter, compared to analyst estimates of $555.16 million. Wintrust Financial had a return on equity of 13.96% and a net margin of 22.24%. During the same quarter last year, the firm posted $1.49 earnings per share. Analysts predict that Wintrust Financial will post 9.94 earnings per share for the current year.
Wintrust Financial Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Wednesday, August 9th. Wintrust Financial’s dividend payout ratio (DPR) is 16.63%.
Institutional Investors Weigh In On Wintrust Financial
A number of institutional investors and hedge funds have recently modified their holdings of the company. Thrivent Financial for Lutherans raised its position in Wintrust Financial by 5.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 169,972 shares of the bank’s stock valued at $14,366,000 after acquiring an additional 8,981 shares in the last quarter. Driehaus Capital Management LLC purchased a new position in Wintrust Financial during the fourth quarter valued at approximately $5,489,000. JPMorgan Chase & Co. raised its position in Wintrust Financial by 3.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,838,832 shares of the bank’s stock valued at $155,418,000 after acquiring an additional 69,128 shares in the last quarter. Chartwell Investment Partners LLC raised its position in Wintrust Financial by 3.5% during the first quarter. Chartwell Investment Partners LLC now owns 7,634 shares of the bank’s stock valued at $557,000 after acquiring an additional 255 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Wintrust Financial by 13.5% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,336 shares of the bank’s stock valued at $2,310,000 after acquiring an additional 3,255 shares in the last quarter. Institutional investors and hedge funds own 92.00% 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.
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