Wintrust Financial Co. (NASDAQ:WTFC) Given Average Rating of “Moderate Buy” by Brokerages

Wintrust Financial Co. (NASDAQ:WTFC) has earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $117.85.

WTFC has been the topic of a number of recent analyst reports. Wedbush raised their target price on shares of Wintrust Financial from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. Royal Bank of Canada raised their target price on shares of Wintrust Financial from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Tuesday, July 9th. Keefe, Bruyette & Woods downgraded shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and raised their target price for the company from $110.00 to $115.00 in a research note on Friday, July 19th. Barclays lowered their target price on shares of Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Finally, Stephens reaffirmed an “overweight” rating and issued a $115.00 target price on shares of Wintrust Financial in a research note on Thursday, July 18th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WTFC. Concord Wealth Partners purchased a new stake in Wintrust Financial in the first quarter worth $26,000. Opal Wealth Advisors LLC purchased a new stake in Wintrust Financial in the first quarter worth $27,000. Johnson Financial Group Inc. purchased a new stake in Wintrust Financial in the fourth quarter worth $25,000. Versant Capital Management Inc lifted its stake in 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 acquiring an additional 264 shares during the period. Finally, Quent Capital LLC lifted its stake in Wintrust Financial by 120.8% in the fourth quarter. Quent Capital LLC now owns 351 shares of the bank’s stock worth $33,000 after acquiring an additional 192 shares during the period. Institutional investors own 93.48% of the company’s stock.

Wintrust Financial Trading Down 4.3 %

Shares of Wintrust Financial stock opened at $100.62 on Monday. Wintrust Financial has a 12-month low of $71.86 and a 12-month high of $113.68. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 10.41 and a beta of 1.18. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.85. The company’s 50-day moving average price is $99.88 and its 200-day moving average price is $98.80.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Wednesday, July 17th. The bank reported $2.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.10). Wintrust Financial had a return on equity of 12.71% and a net margin of 17.02%. The firm had revenue of $591.76 million during the quarter, compared to analysts’ expectations of $587.33 million. During the same period in the previous year, the company posted $2.38 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities analysts expect that Wintrust Financial will post 10.11 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, August 8th. Wintrust Financial’s dividend payout ratio is 18.61%.

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.