Wintrust Financial Corporation (WTFC) Given Average Rating of “Hold” by Analysts

Shares of Wintrust Financial Corporation (NASDAQ:WTFC) have received a consensus rating of “Hold” from the eleven brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $82.50.

A number of analysts have recently weighed in on WTFC shares. Keefe, Bruyette & Woods reissued a “buy” rating and set a $82.00 price objective on shares of Wintrust Financial in a research note on Tuesday, August 22nd. ValuEngine raised Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Saturday, September 2nd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $84.00 price objective on shares of Wintrust Financial in a research note on Friday, September 8th.

Shares of Wintrust Financial (NASDAQ:WTFC) traded up $0.68 during midday trading on Friday, reaching $83.58. 348,100 shares of the company’s stock were exchanged, compared to its average volume of 397,530. Wintrust Financial has a twelve month low of $64.14 and a twelve month high of $86.80. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 0.99. The company has a market capitalization of $4,636.04, a PE ratio of 19.88, a P/E/G ratio of 1.40 and a beta of 0.83.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.04. The firm had revenue of $295.70 million during the quarter, compared to analyst estimates of $298.96 million. Wintrust Financial had a return on equity of 9.32% and a net margin of 19.74%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 earnings per share. sell-side analysts forecast that Wintrust Financial will post 4.38 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Thursday, November 9th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Wednesday, November 8th. Wintrust Financial’s payout ratio is 13.43%.

In related news, EVP David A. Dykstra sold 22,476 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $79.86, for a total value of $1,794,933.36. Following the completion of the sale, the executive vice president now owns 188,604 shares of the company’s stock, valued at $15,061,915.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Leona A. Gleason sold 8,441 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $80.78, for a total value of $681,863.98. The disclosure for this sale can be found here. Insiders sold 44,500 shares of company stock valued at $3,563,512 in the last ninety days. 2.00% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. purchased a new stake in Wintrust Financial in the second quarter worth $121,000. Meeder Asset Management Inc. bought a new position in Wintrust Financial in the third quarter worth $183,000. Magnetar Financial LLC bought a new position in Wintrust Financial in the third quarter worth $204,000. Csenge Advisory Group bought a new position in Wintrust Financial in the third quarter worth $212,000. Finally, Adviser Investments LLC bought a new position in Wintrust Financial in the third quarter worth $214,000. 91.71% of the stock is owned by institutional investors.

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About Wintrust Financial

Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.

Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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