StockNews.com lowered shares of Wintrust Financial (NASDAQ:WTFC – Free Report) from a hold rating to a sell rating in a report published on Friday.
A number of other research analysts have also weighed in on WTFC. UBS Group started coverage on Wintrust Financial in a report on Tuesday, December 17th. They issued a “buy” rating and a $157.00 target price on the stock. Piper Sandler lifted their price target on Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Citigroup lifted their price target on Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Barclays lifted their price target on Wintrust Financial from $130.00 to $151.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Finally, Truist Financial lifted their price target on Wintrust Financial from $123.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $128.00.
Read Our Latest Analysis on Wintrust Financial
Wintrust Financial Stock Up 1.5 %
Wintrust Financial (NASDAQ:WTFC – Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). The firm had revenue of $615.73 million for the quarter, compared to analyst estimates of $623.45 million. Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company posted $2.53 earnings per share. On average, research analysts expect that Wintrust Financial will post 10.12 earnings per share for the current fiscal year.
Wintrust Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Thursday, November 7th. Wintrust Financial’s dividend payout ratio is currently 18.85%.
Insider Activity
In related news, insider Richard B. Murphy sold 4,099 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total transaction of $473,967.37. Following the completion of the transaction, the insider now directly owns 42,311 shares in the company, valued at $4,892,420.93. The trade was a 8.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 transaction, the chief financial officer now owns 14,874 shares of the company’s stock, valued at approximately $1,687,604.04. The trade was a 9.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,198 shares of company stock worth $2,445,314. 1.47% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Wintrust Financial
Several hedge funds have recently added to or reduced their stakes in WTFC. International Assets Investment Management LLC bought a new stake in Wintrust Financial during the third quarter worth about $35,000. UMB Bank n.a. lifted its stake in Wintrust Financial by 62.0% during the third quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock worth $56,000 after purchasing an additional 196 shares during the last quarter. Brooklyn Investment Group bought a new stake in Wintrust Financial during the third quarter worth about $61,000. Versant Capital Management Inc lifted its stake in Wintrust Financial by 32.1% during the fourth quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock worth $67,000 after purchasing an additional 131 shares during the last quarter. Finally, Covestor Ltd lifted its stake in 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 during the last quarter. Institutional investors own 93.48% of the company’s stock.
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.
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