Stephens Reaffirms “Overweight” Rating for Wintrust Financial (NASDAQ:WTFC)

Stephens reaffirmed their overweight rating on shares of Wintrust Financial (NASDAQ:WTFC) in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a $110.00 price objective on the bank’s stock.

Several other analysts have also weighed in on the stock. Wedbush reiterated an outperform rating and set a $110.00 target price on shares of Wintrust Financial in a research note on Thursday, January 18th. Truist Financial upped their price target on shares of Wintrust Financial from $111.00 to $117.00 and gave the stock a buy rating in a research report on Monday, April 1st. Jefferies Financial Group increased their target price on shares of Wintrust Financial from $114.00 to $120.00 and gave the company a buy rating in a research report on Monday, April 8th. Citigroup increased their target price on shares of Wintrust Financial from $114.00 to $115.00 and gave the company a buy rating in a research report on Monday, March 18th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Wintrust Financial from $103.00 to $106.00 and gave the company an outperform rating in a research report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $112.83.

Wintrust Financial Trading Down 1.9 %

NASDAQ WTFC opened at $94.46 on Tuesday. The company’s fifty day simple moving average is $97.99 and its 200-day simple moving average is $90.51. Wintrust Financial has a 52 week low of $58.12 and a 52 week high of $105.29. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.73. The stock has a market cap of $5.83 billion, a P/E ratio of 9.86 and a beta of 1.21.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Thursday, January 18th. The bank reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.55). The firm had revenue of $570.80 million for the quarter, compared to analyst estimates of $578.89 million. Wintrust Financial had a return on equity of 13.23% and a net margin of 18.71%. During the same period in the previous year, the firm posted $2.23 earnings per share. Equities research analysts predict that Wintrust Financial will post 9.9 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.91%. 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 dividend payout ratio is presently 18.79%.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, insider Edward J. Wehmer sold 9,500 shares of the company’s stock in a transaction dated 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 directly owns 177,124 shares of the company’s stock, valued at $17,599,040.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Wintrust Financial news, insider Edward J. Wehmer sold 9,500 shares of the company’s stock in a transaction dated 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 directly owns 177,124 shares of the company’s stock, valued at $17,599,040.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeffrey D. Hahnfeld sold 588 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $97.88, for a total transaction of $57,553.44. Following the completion of the sale, the executive vice president now directly owns 3,410 shares of the company’s stock, valued at $333,770.80. The disclosure for this sale can be found here. Insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On Wintrust Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Wintrust Financial by 2.0% during the first quarter. BlackRock Inc. now owns 6,156,440 shares of the bank’s stock valued at $449,112,000 after acquiring an additional 119,790 shares in the last quarter. Vanguard Group Inc. raised its position in Wintrust Financial by 1.9% during the third quarter. Vanguard Group Inc. now owns 5,928,458 shares of the bank’s stock valued at $483,466,000 after acquiring an additional 109,995 shares in the last quarter. FMR LLC raised its position in shares of Wintrust Financial by 11.5% in the third quarter. FMR LLC now owns 4,651,381 shares of the bank’s stock valued at $351,179,000 after purchasing an additional 480,942 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Wintrust Financial by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,866,032 shares of the bank’s stock valued at $265,829,000 after purchasing an additional 80,526 shares during the period. Finally, State Street Corp raised its position in shares of Wintrust Financial by 4.2% in the second quarter. State Street Corp now owns 2,795,528 shares of the bank’s stock valued at $203,011,000 after purchasing an additional 112,337 shares during the period. Institutional investors own 93.48% of the company’s stock.

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.