Wintrust Financial (NASDAQ:WTFC) Price Target Increased to $117.00 by Analysts at Truist Financial

Wintrust Financial (NASDAQ:WTFCFree Report) had its price objective increased by Truist Financial from $111.00 to $117.00 in a research report report published on Monday, Benzinga reports. Truist Financial currently has a buy rating on the bank’s stock.

A number of other research analysts have also recently commented on the stock. UBS Group increased their price target on shares of Wintrust Financial from $105.00 to $113.00 and gave the company a buy rating in a research report on Tuesday, January 23rd. Citigroup lifted their price target on shares of Wintrust Financial from $114.00 to $115.00 and gave the stock a buy rating in a research note on Monday, March 18th. Wedbush reissued an outperform rating and set a $110.00 price target on shares of Wintrust Financial in a research note on Thursday, January 18th. Keefe, Bruyette & Woods lifted their price target on shares of Wintrust Financial from $103.00 to $106.00 and gave the stock an outperform rating in a research note on Friday, January 19th. Finally, Raymond James lifted their price target on shares of Wintrust Financial from $95.00 to $115.00 and gave the stock a strong-buy rating in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $107.67.

Get Our Latest Stock Analysis on WTFC

Wintrust Financial Trading Down 1.3 %

Shares of WTFC opened at $103.07 on Monday. The firm’s 50 day simple moving average is $97.48 and its 200 day simple moving average is $88.71. The company has a market capitalization of $6.40 billion, a P/E ratio of 10.76 and a beta of 1.21. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.99 and a quick ratio of 0.99. Wintrust Financial has a 1-year low of $58.12 and a 1-year high of $105.29.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last announced its earnings results on Thursday, January 18th. The bank reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.55). The company had revenue of $570.80 million during the quarter, compared to analysts’ expectations of $578.89 million. Wintrust Financial had a net margin of 18.71% and a return on equity of 13.23%. During the same period in the prior year, the business earned $2.23 earnings per share. Sell-side analysts forecast that Wintrust Financial will post 9.95 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.75%. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, February 7th. Wintrust Financial’s payout ratio is presently 18.79%.

Insider Buying and Selling

In related news, EVP Jeffrey D. Hahnfeld sold 588 shares of Wintrust Financial stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total value of $57,553.44. Following the sale, the executive vice president now owns 3,410 shares in the company, valued at $333,770.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Jeffrey D. Hahnfeld sold 588 shares of Wintrust Financial stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total value of $57,553.44. Following the sale, the executive vice president now owns 3,410 shares in the company, valued at $333,770.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Edward J. Wehmer sold 9,500 shares of Wintrust Financial stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the completion of the sale, the insider now owns 177,124 shares in the company, valued at approximately $17,599,040.64. The disclosure for this sale can be found here. 1.39% of the stock is owned by insiders.

Institutional Trading of Wintrust Financial

A number of hedge funds have recently modified their holdings of the business. Johnson Financial Group Inc. bought a new position in Wintrust Financial in the 4th quarter worth about $25,000. Belpointe Asset Management LLC boosted its stake in Wintrust Financial by 106.2% in the 1st quarter. Belpointe Asset Management LLC now owns 365 shares of the bank’s stock worth $27,000 after purchasing an additional 188 shares in the last quarter. Quent Capital LLC boosted its stake in Wintrust Financial by 120.8% in the 4th quarter. Quent Capital LLC now owns 351 shares of the bank’s stock worth $33,000 after purchasing an additional 192 shares in the last quarter. GAMMA Investing LLC bought a new position in Wintrust Financial in the 4th quarter worth about $41,000. Finally, Coppell Advisory Solutions Corp. bought a new position in Wintrust Financial in the 4th quarter worth about $44,000. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Company Profile

(Get Free Report)

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.

Read More

Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

Receive News & Ratings for Wintrust Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial and related companies with MarketBeat.com's FREE daily email newsletter.