Wintrust Financial Co. (NASDAQ:WTFC) Given Consensus Rating of "Moderate Buy" by Brokerages

Wintrust Financial Co. (NASDAQ:WTFC - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the thirteen ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $117.85.

A number of analysts have commented on the stock. DA Davidson boosted their price target on shares of Wintrust Financial from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, July 19th. Stephens reiterated an "overweight" rating and issued a $115.00 target price on shares of Wintrust Financial in a report on Thursday, July 18th. Truist Financial boosted their target price on shares of Wintrust Financial from $107.00 to $118.00 and gave the stock a "buy" rating in a report on Monday, July 22nd. Royal Bank of Canada boosted their target price on shares of Wintrust Financial from $116.00 to $117.00 and gave the stock an "outperform" rating in a report on Tuesday, July 9th. Finally, Keefe, Bruyette & Woods lowered shares of Wintrust Financial from an "outperform" rating to a "market perform" rating and boosted their price target for the company from $110.00 to $115.00 in a report on Friday, July 19th.

Hedge Funds Weigh In On Wintrust Financial

Several large investors have recently bought and sold shares of WTFC. Johnson Financial Group Inc. acquired a new position in shares of Wintrust Financial in the 4th quarter valued at $25,000. Concord Wealth Partners acquired a new position in shares of Wintrust Financial in the 1st quarter valued at $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Wintrust Financial in the 1st quarter valued at $27,000. Versant Capital Management Inc raised its stake in shares of Wintrust Financial by 825.0% in the 2nd quarter. Versant Capital Management Inc now owns 296 shares of the bank's stock valued at $29,000 after buying an additional 264 shares in the last quarter. Finally, GAMMA Investing LLC bought a new stake in Wintrust Financial during the 4th quarter worth approximately $41,000. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Stock Up 4.7 %

Wintrust Financial stock traded up $4.80 during midday trading on Friday, hitting $107.65. 416,012 shares of the stock were exchanged, compared to its average volume of 388,942. Wintrust Financial has a 1 year low of $71.86 and a 1 year high of $113.68. The firm has a market cap of $6.65 billion, a P/E ratio of 11.15 and a beta of 1.18. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.99 and a quick ratio of 0.99. The company has a 50 day moving average price of $100.90 and a two-hundred day moving average price of $99.01.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings results on Wednesday, July 17th. The bank reported $2.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.42 by ($0.10). The firm had revenue of $591.76 million for the quarter, compared to analysts' expectations of $587.33 million. Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The business's quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm earned $2.38 EPS. On average, sell-side analysts predict that Wintrust Financial will post 10.11 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.67%. The ex-dividend date was Thursday, August 8th. Wintrust Financial's payout ratio is currently 18.61%.

About Wintrust Financial

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.