Wintrust Financial (NASDAQ:WTFC) had its price objective decreased by Raymond James from $78.00 to $73.00 in a research report sent to investors on Thursday, January 23rd, BenzingaRatingsTable reports. Raymond James currently has an outperform rating on the bank’s stock.
Several other analysts have also issued reports on the stock. SunTrust Banks reduced their price target on shares of Wintrust Financial from $76.00 to $72.00 and set a hold rating on the stock in a research report on Monday, December 9th. Keefe, Bruyette & Woods lowered shares of Wintrust Financial from an outperform rating to a market perform rating and reduced their price target for the stock from $79.00 to $70.00 in a research report on Wednesday, January 22nd. Royal Bank of Canada set a $75.00 price target on shares of Wintrust Financial and gave the stock a buy rating in a research report on Friday, October 18th. Piper Sandler reiterated a neutral rating and set a $72.00 price target on shares of Wintrust Financial in a research report on Tuesday, January 14th. Finally, DA Davidson restated a buy rating on shares of Wintrust Financial in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $74.90.
Wintrust Financial stock opened at $64.19 on Thursday. Wintrust Financial has a twelve month low of $59.34 and a twelve month high of $78.25. The company’s 50-day moving average price is $68.11 and its two-hundred day moving average price is $66.30. The stock has a market cap of $3.69 billion, a P/E ratio of 10.65 and a beta of 1.11. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.50.
Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Tuesday, January 21st. The bank reported $1.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.58 by ($0.14). Wintrust Financial had a return on equity of 10.50% and a net margin of 19.85%. The business had revenue of $374.10 million for the quarter, compared to the consensus estimate of $375.76 million. During the same period in the prior year, the business posted $1.35 earnings per share. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. Equities analysts anticipate that Wintrust Financial will post 5.91 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Wednesday, February 5th. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.25. Wintrust Financial’s dividend payout ratio (DPR) is currently 18.57%.
In other Wintrust Financial news, EVP Thomas P. Zidar sold 2,948 shares of Wintrust Financial stock in a transaction on Friday, January 24th. The shares were sold at an average price of $63.60, for a total value of $187,492.80. Following the completion of the sale, the executive vice president now directly owns 33,141 shares of the company’s stock, valued at $2,107,767.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gary D. Sweeney purchased 470 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was bought at an average cost of $63.23 per share, with a total value of $29,718.10. Following the completion of the purchase, the director now owns 5,648 shares of the company’s stock, valued at approximately $357,123.04. The disclosure for this purchase can be found here. 1.58% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System increased its position in shares of Wintrust Financial by 1.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the bank’s stock worth $978,000 after acquiring an additional 200 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Wintrust Financial by 0.3% during the third quarter. California State Teachers Retirement System now owns 89,543 shares of the bank’s stock worth $5,787,000 after purchasing an additional 241 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Wintrust Financial by 9.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,466 shares of the bank’s stock worth $224,000 after purchasing an additional 307 shares during the last quarter. State of Michigan Retirement System boosted its holdings in Wintrust Financial by 2.4% during the fourth quarter. State of Michigan Retirement System now owns 16,800 shares of the bank’s stock worth $1,191,000 after purchasing an additional 400 shares during the last quarter. Finally, Texas Permanent School Fund boosted its holdings in Wintrust Financial by 1.2% during the fourth quarter. Texas Permanent School Fund now owns 39,038 shares of the bank’s stock worth $2,768,000 after purchasing an additional 453 shares during the last quarter. 86.94% of the stock is owned by institutional investors.
Wintrust Financial Company Profile
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.
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