Brokerages Set Wintrust Financial Co. (NASDAQ:WTFC) PT at $128.00

Shares of Wintrust Financial Co. (NASDAQ:WTFC) have been assigned an average rating of “Buy” from the thirteen analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $133.69.

A number of equities research analysts recently weighed in on the stock. Barclays boosted their price objective on shares of Wintrust Financial from $151.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday. Raymond James reaffirmed a “strong-buy” rating and set a $150.00 target price (up from $135.00) on shares of Wintrust Financial in a report on Thursday. Wedbush reissued an “outperform” rating and issued a $130.00 price target on shares of Wintrust Financial in a report on Tuesday, October 22nd. StockNews.com downgraded Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, January 22nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $152.00 target price on shares of Wintrust Financial in a research note on Thursday.

Insiders Place Their Bets

In other Wintrust Financial news, insider Richard B. Murphy sold 4,099 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total value of $473,967.37. Following the completion of the sale, the insider now directly owns 42,311 shares of the company’s stock, valued at approximately $4,892,420.93. This represents a 8.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO David A. Dykstra sold 15,492 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the completion of the transaction, the chief operating officer now directly owns 197,591 shares in the company, valued at $22,817,808.68. This represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Wintrust Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its position in shares of Wintrust Financial by 4.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 198,819 shares of the bank’s stock valued at $19,596,000 after purchasing an additional 9,292 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Wintrust Financial by 13.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,666 shares of the bank’s stock worth $459,000 after buying an additional 552 shares during the period. Hsbc Holdings PLC increased its position in shares of Wintrust Financial by 910.1% in the second quarter. Hsbc Holdings PLC now owns 20,181 shares of the bank’s stock worth $1,976,000 after acquiring an additional 18,183 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Wintrust Financial during the second quarter valued at approximately $265,000. Finally, Inspire Investing LLC lifted its position in shares of Wintrust Financial by 4.4% in the 2nd quarter. Inspire Investing LLC now owns 3,574 shares of the bank’s stock valued at $352,000 after acquiring an additional 151 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Trading Down 0.9 %

NASDAQ:WTFC opened at $131.79 on Monday. The company has a market cap of $8.76 billion, a PE ratio of 12.78 and a beta of 1.20. The business’s 50 day moving average is $131.10 and its two-hundred day moving average is $116.92. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. Wintrust Financial has a 52 week low of $89.68 and a 52 week high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same quarter in the previous year, the firm earned $1.87 EPS. On average, analysts predict that Wintrust Financial will post 10.17 EPS for the current year.

Wintrust Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, February 6th. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.45. Wintrust Financial’s dividend payout ratio (DPR) is currently 19.40%.

Wintrust Financial Company Profile

Wintrust Financial Corporation operates as a financial holding company. 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), online and mobile banking, and other services.