Trade Report: Today, Wintrust Financial Corp. (WTFC) Receives $52.89 Average Target Price from Analysts

Today, Wintrust Financial Corp. (WTFC) Receives $52.89 Average Target Price from Analysts

Wintrust Financial Corp. (NASDAQ:WTFC) has been given an average rating of “Hold” by the twelve research firms that are currently covering the stock. Nine research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $52.89.

WTFC has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Wintrust Financial Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, October 12th. Jefferies Group reissued a “hold” rating and set a $54.00 price target on shares of Wintrust Financial Corp. in a research note on Sunday, October 23rd. Finally, Hovde Group initiated coverage on shares of Wintrust Financial Corp. in a research note on Wednesday, August 24th. They set a “market perform” rating and a $59.00 price target for the company.

Shares of Wintrust Financial Corp. (NASDAQ:WTFC) opened at 66.18 on Wednesday. Wintrust Financial Corp. has a 52 week low of $37.96 and a 52 week high of $66.28. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 19.67 and a beta of 0.83. The firm’s 50 day moving average is $57.25 and its 200-day moving average is $54.04.

Wintrust Financial Corp. (NASDAQ:WTFC) last announced its earnings results on Monday, October 17th. The company reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.02. Wintrust Financial Corp. had a net margin of 17.23% and a return on equity of 8.46%. The company earned $271.24 million during the quarter, compared to the consensus estimate of $264.11 million. During the same period in the previous year, the firm posted $0.69 earnings per share. The company’s revenue was up 17.7% on a year-over-year basis. Equities research analysts predict that Wintrust Financial Corp. will post $3.63 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 25th. Shareholders of record on Thursday, November 10th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.73%. The ex-dividend date was Tuesday, November 8th. Wintrust Financial Corp.’s payout ratio is presently 14.29%.

In other news, Director Marla F. Glabe bought 900 shares of the stock in a transaction on Thursday, October 20th. The stock was purchased at an average price of $55.00 per share, with a total value of $49,500.00. Following the completion of the purchase, the director now owns 3,771 shares of the company’s stock, valued at $207,405. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David L. Stoehr sold 7,252 shares of the company’s stock in a transaction that occurred on Thursday, October 20th. The shares were sold at an average price of $55.00, for a total transaction of $398,860.00. Following the completion of the sale, the insider now directly owns 8,038 shares of the company’s stock, valued at approximately $442,090. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the stock. Foundry Partners LLC increased its stake in shares of Wintrust Financial Corp. by 4.9% in the third quarter. Foundry Partners LLC now owns 250,572 shares of the company’s stock valued at $13,924,000 after buying an additional 11,756 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Wintrust Financial Corp. by 22.7% in the second quarter. BNP Paribas Arbitrage SA now owns 34,262 shares of the company’s stock valued at $1,747,000 after buying an additional 6,344 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Wintrust Financial Corp. by 12.2% in the second quarter. Prudential Financial Inc. now owns 207,517 shares of the company’s stock valued at $10,583,000 after buying an additional 22,630 shares during the last quarter. Virginia Retirement Systems ET AL purchased a new stake in shares of Wintrust Financial Corp. during the second quarter valued at approximately $826,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Wintrust Financial Corp. by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,989,202 shares of the company’s stock valued at $203,446,000 after buying an additional 46,930 shares during the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

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