Wintrust Financial (NASDAQ:WTFC) Coverage Initiated at UBS Group

UBS Group assumed coverage on shares of Wintrust Financial (NASDAQ:WTFC - Free Report) in a research note published on Tuesday, MarketBeat Ratings reports. The firm issued a buy rating and a $157.00 target price on the bank's stock.

Several other research firms also recently weighed in on WTFC. Piper Sandler increased their target price on Wintrust Financial from $131.00 to $136.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Wedbush restated an "outperform" rating and issued a $130.00 target price on shares of Wintrust Financial in a report on Tuesday, October 22nd. Citigroup increased their price target on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Truist Financial boosted their price objective on shares of Wintrust Financial from $123.00 to $127.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, Barclays upped their price objective on Wintrust Financial from $130.00 to $151.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $128.00.

Wintrust Financial Trading Down 1.1 %

Shares of Wintrust Financial stock traded down $1.39 during mid-day trading on Tuesday, hitting $130.25. 438,951 shares of the stock were exchanged, compared to its average volume of 387,096. The stock has a market capitalization of $8.66 billion, a price-to-earnings ratio of 13.64 and a beta of 1.18. Wintrust Financial has a twelve month low of $89.68 and a twelve month high of $142.04. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.73. The company has a 50-day simple moving average of $125.79 and a 200 day simple moving average of $110.53.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its earnings results on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.03). Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The firm had revenue of $615.73 million during the quarter, compared to analysts' expectations of $623.45 million. During the same period in the previous year, the firm posted $2.53 earnings per share. The firm's revenue was up 7.1% on a year-over-year basis. Research analysts forecast 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 was paid on Friday, November 22nd. Investors of record on Thursday, November 7th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, November 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.38%. Wintrust Financial's payout ratio is currently 18.85%.

Insider Buying and Selling

In other news, COO David A. Dykstra sold 15,492 shares of Wintrust Financial stock in a transaction dated 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. The trade was a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David L. Stoehr sold 1,607 shares of the business's 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 completion of the transaction, the chief financial officer now owns 14,874 shares in the company, valued at approximately $1,687,604.04. This trade represents a 9.75 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,198 shares of company stock valued at $2,445,314. Corporate 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 stock. International Assets Investment Management LLC bought a new stake in shares of Wintrust Financial in the 3rd quarter worth about $35,000. UMB Bank n.a. increased its holdings 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 buying an additional 196 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Wintrust Financial during the third quarter valued at approximately $61,000. Covestor Ltd grew its position in shares of Wintrust Financial by 77.9% in the 3rd quarter. Covestor Ltd now owns 653 shares of the bank's stock worth $71,000 after acquiring an additional 286 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Wintrust Financial by 11.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank's stock valued at $85,000 after acquiring an additional 91 shares during the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

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.