Analysts Set Wintrust Financial Co. (NASDAQ:WTFC) PT at $123.00

Shares of Wintrust Financial Co. (NASDAQ:WTFC - Get Free Report) have been given a consensus rating of "Moderate Buy" by the thirteen analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $123.00.

Several research firms have weighed in on WTFC. DA Davidson raised their target price on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Royal Bank of Canada lifted their price objective on Wintrust Financial from $116.00 to $117.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 9th. Wedbush reiterated an "outperform" rating and set a $130.00 target price on shares of Wintrust Financial in a report on Tuesday, October 22nd. Stephens reissued an "overweight" rating and set a $115.00 price target on shares of Wintrust Financial in a research report on Thursday, July 18th. Finally, Keefe, Bruyette & Woods downgraded Wintrust Financial from an "outperform" rating to a "market perform" rating and upped their price objective for the company from $110.00 to $115.00 in a research report on Friday, July 19th.

Wintrust Financial Price Performance

Shares of WTFC traded up $16.28 on Wednesday, reaching $131.43. The stock had a trading volume of 1,198,851 shares, compared to its average volume of 386,060. Wintrust Financial has a twelve month low of $76.67 and a twelve month high of $131.66. The firm has a market capitalization of $8.74 billion, a PE ratio of 13.50 and a beta of 1.15. The firm has a 50-day moving average of $109.30 and a 200 day moving average of $103.31. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing the consensus estimate of $2.50 by ($0.03). The firm had revenue of $615.73 million during the quarter, compared to analyst estimates of $623.45 million. Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The firm's revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the company posted $2.53 EPS. Sell-side analysts expect that Wintrust Financial will post 10.12 EPS for the current year.

Wintrust Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.37%. Wintrust Financial's dividend payout ratio is presently 18.85%.

Insider Buying and Selling

In other Wintrust Financial news, CFO David L. Stoehr sold 1,607 shares of Wintrust Financial stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total value of $182,330.22. Following the transaction, the chief financial officer now owns 14,874 shares in the company, valued at $1,687,604.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO David L. Stoehr sold 1,607 shares of Wintrust Financial stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $113.46, for a total value of $182,330.22. Following the transaction, the chief financial officer now directly owns 14,874 shares of the company's stock, valued at $1,687,604.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO David A. Dykstra sold 15,492 shares of the 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 sale, the chief operating officer now directly owns 197,591 shares of the company's stock, valued at approximately $22,817,808.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,198 shares of company stock valued at $2,445,314. Insiders own 1.47% of the company's stock.

Institutional Trading of Wintrust Financial

Institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc boosted its position in shares of Wintrust Financial by 825.0% in the second quarter. Versant Capital Management Inc now owns 296 shares of the bank's stock worth $29,000 after buying an additional 264 shares during the period. International Assets Investment Management LLC purchased a new position in Wintrust Financial in the 3rd quarter worth approximately $35,000. UMB Bank n.a. grew its position in Wintrust Financial by 62.0% in the third quarter. UMB Bank n.a. now owns 512 shares of the bank's stock valued at $56,000 after acquiring an additional 196 shares in the last quarter. Whittier Trust Co. raised its stake in shares of Wintrust Financial by 138.8% during the first quarter. Whittier Trust Co. now owns 578 shares of the bank's stock valued at $60,000 after purchasing an additional 336 shares during the period. Finally, Covestor Ltd lifted its position in shares of Wintrust Financial by 77.9% during the third quarter. Covestor Ltd now owns 653 shares of the bank's stock worth $71,000 after purchasing an additional 286 shares in the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.

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.