Wintrust Financial (NASDAQ:WTFC) Price Target Lowered to $150.00 at Truist Financial

Wintrust Financial (NASDAQ:WTFC) had its price target lowered by Truist Financial from $170.00 to $150.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a buy rating on the bank’s stock.

WTFC has been the subject of a number of other reports. DA Davidson upped their price objective on shares of Wintrust Financial from $165.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. TD Cowen boosted their target price on shares of Wintrust Financial from $170.00 to $177.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Wintrust Financial in a report on Wednesday, January 21st. Barclays increased their price target on Wintrust Financial from $178.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada raised their price objective on Wintrust Financial from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $163.77.

Wintrust Financial Stock Up 1.4%

WTFC stock opened at $134.40 on Monday. Wintrust Financial has a 52 week low of $89.10 and a 52 week high of $162.96. The business has a 50-day simple moving average of $146.18 and a 200 day simple moving average of $138.63. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The company has a market cap of $9.04 billion, a PE ratio of 11.79 and a beta of 0.85.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Tuesday, January 20th. The bank reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.22. Wintrust Financial had a net margin of 19.48% and a return on equity of 12.95%. The firm had revenue of $714.26 million for the quarter, compared to the consensus estimate of $700.85 million. During the same period in the prior year, the company posted $2.63 earnings per share. Sell-side analysts anticipate that Wintrust Financial will post 10.36 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.6%. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.50. The ex-dividend date was Thursday, February 5th. Wintrust Financial’s dividend payout ratio is 19.30%.

Insider Buying and Selling

In other Wintrust Financial news, insider Richard B. Murphy sold 3,291 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $146.05, for a total transaction of $480,650.55. Following the completion of the sale, the insider owned 46,049 shares of the company’s stock, valued at approximately $6,725,456.45. This represents a 6.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David L. Stoehr sold 2,499 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $146.16, for a total transaction of $365,253.84. Following the transaction, the chief financial officer owned 18,638 shares of the company’s stock, valued at approximately $2,724,130.08. The trade was a 11.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 11,662 shares of company stock valued at $1,705,730 over the last 90 days. 1.01% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Wintrust Financial

Large investors have recently modified their holdings of the company. Root Financial Partners LLC acquired a new position in Wintrust Financial in the third quarter valued at $27,000. Advisors Asset Management Inc. acquired a new stake in Wintrust Financial during the 1st quarter worth about $27,000. Elyxium Wealth LLC bought a new position in shares of Wintrust Financial in the 4th quarter worth about $31,000. Creative Financial Designs Inc. ADV raised its position in shares of Wintrust Financial by 231.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock worth $32,000 after acquiring an additional 160 shares in the last quarter. Finally, Harbour Investments Inc. lifted its stake in shares of Wintrust Financial by 72.7% in the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock valued at $34,000 after purchasing an additional 101 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

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.