TD Cowen Issues Positive Forecast for Wintrust Financial (NASDAQ:WTFC) Stock Price

Wintrust Financial (NASDAQ:WTFC) had its target price hoisted by TD Cowen from $168.00 to $170.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the bank’s stock.

Several other brokerages have also recently commented on WTFC. Citigroup increased their target price on shares of Wintrust Financial from $159.00 to $167.00 and gave the stock a “buy” rating in a report on Tuesday, December 30th. Jefferies Financial Group cut their price target on shares of Wintrust Financial from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Tuesday, October 21st. Cowen restated a “buy” rating on shares of Wintrust Financial in a report on Wednesday. Piper Sandler reaffirmed an “overweight” rating and issued a $161.00 target price (up previously from $160.00) on shares of Wintrust Financial in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Wintrust Financial in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $154.33.

Wintrust Financial Stock Down 1.0%

WTFC stock opened at $146.10 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $9.78 billion, a P/E ratio of 13.43 and a beta of 0.88. Wintrust Financial has a fifty-two week low of $89.10 and a fifty-two week high of $147.73. The business has a 50-day moving average of $136.18 and a 200-day moving average of $132.65.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Thursday, November 6th. The bank reported $3.06 EPS for the quarter. The firm had revenue of $1.26 billion for the quarter. Wintrust Financial had a return on equity of 12.82% and a net margin of 18.85%. On average, sell-side analysts anticipate that Wintrust Financial will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were paid a $0.50 dividend. The ex-dividend date was Thursday, November 6th. This represents a $2.00 annualized dividend and a yield of 1.4%. Wintrust Financial’s dividend payout ratio is currently 18.38%.

Institutional Investors Weigh In On Wintrust Financial

Large investors have recently added to or reduced their stakes in the business. First Trust Advisors LP boosted its position in Wintrust Financial by 5.4% during the third quarter. First Trust Advisors LP now owns 1,992,906 shares of the bank’s stock worth $263,940,000 after purchasing an additional 102,833 shares during the period. Earnest Partners LLC lifted its stake in shares of Wintrust Financial by 0.6% during the 3rd quarter. Earnest Partners LLC now owns 1,442,018 shares of the bank’s stock worth $190,981,000 after buying an additional 8,048 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Wintrust Financial by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,300,234 shares of the bank’s stock worth $172,204,000 after buying an additional 75,155 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Wintrust Financial by 9.0% during the 2nd quarter. Invesco Ltd. now owns 1,229,858 shares of the bank’s stock worth $152,478,000 after buying an additional 101,134 shares during the period. Finally, Bank of America Corp DE grew its stake in Wintrust Financial by 1.4% in the 3rd quarter. Bank of America Corp DE now owns 1,071,763 shares of the bank’s stock valued at $141,944,000 after buying an additional 15,044 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

About Wintrust Financial

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.