Wintrust Financial Corp. (NASDAQ:WTFC) was upgraded by equities researchers at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday.
Several other research analysts also recently commented on the stock. Zacks Investment Research raised shares of Wintrust Financial Corp. from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Tuesday, August 16th. Hovde Group started coverage on shares of Wintrust Financial Corp. in a research note on Wednesday, August 24th. They issued a “market perform” rating and a $59.00 price target on the stock. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $54.00 price target on shares of Wintrust Financial Corp. in a research note on Sunday, October 23rd. Eight equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $53.70.
Wintrust Financial Corp. (NASDAQ:WTFC) opened at 64.64 on Tuesday. Wintrust Financial Corp. has a 52 week low of $37.96 and a 52 week high of $66.28. The company has a market cap of $3.35 billion, a P/E ratio of 19.21 and a beta of 0.83. The stock has a 50 day moving average of $57.50 and a 200 day moving average of $54.19.
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, beating the Thomson Reuters’ 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 business had revenue of $271.24 million for the quarter, compared to the consensus estimate of $264.11 million. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, analysts expect that Wintrust Financial Corp. will post $3.63 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 25th. Stockholders of record on Thursday, November 10th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Tuesday, November 8th. Wintrust Financial Corp.’s dividend payout ratio is currently 14.29%.
In other news, insider David L. Stoehr sold 7,252 shares of the firm’s stock in a transaction dated Thursday, October 20th. The shares were sold at an average price of $55.00, for a total value of $398,860.00. Following the sale, the insider now directly owns 8,038 shares in the company, valued at approximately $442,090. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marla F. Glabe purchased 900 shares of the stock in a transaction dated Thursday, October 20th. The stock was purchased at an average price of $55.00 per share, for a total transaction of $49,500.00. Following the completion of the acquisition, the director now directly owns 3,771 shares in the company, valued at approximately $207,405. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. LS Investment Advisors LLC boosted its stake in Wintrust Financial Corp. by 8.3% in the third quarter. LS Investment Advisors LLC now owns 1,898 shares of the company’s stock worth $105,000 after buying an additional 146 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Wintrust Financial Corp. by 77.5% in the second quarter. Victory Capital Management Inc. now owns 2,277 shares of the company’s stock worth $116,000 after buying an additional 994 shares in the last quarter. First Mercantile Trust Co. purchased a new stake in Wintrust Financial Corp. during the third quarter worth $167,000. PNC Financial Services Group Inc. boosted its stake in Wintrust Financial Corp. by 3.3% in the second quarter. PNC Financial Services Group Inc. now owns 3,585 shares of the company’s stock worth $183,000 after buying an additional 116 shares in the last quarter. Finally, Commonwealth Equity Services Inc purchased a new stake in Wintrust Financial Corp. during the second quarter worth $200,000. Institutional investors and hedge funds own 92.22% of the company’s stock.
Wintrust Financial Corp. Company Profile