Wintrust Financial Co. (NASDAQ:WTFC) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $81.29.
A number of equities analysts have weighed in on WTFC shares. Royal Bank Of Canada reissued a “buy” rating and set a $84.00 price objective on shares of Wintrust Financial in a research note on Friday, October 20th. SunTrust Banks, Inc. set a $79.00 price target on Wintrust Financial and gave the company a “hold” rating in a research note on Thursday, October 19th. Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Wednesday, September 27th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Wintrust Financial in a research note on Tuesday, September 26th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $74.00 price target on shares of Wintrust Financial in a research note on Friday, September 1st.
In related news, insider Leona A. Gleason sold 8,441 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $80.78, for a total transaction of $681,863.98. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Ingrid S. Stafford sold 1,405 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $80.63, for a total value of $113,285.15. Following the transaction, the director now owns 20,746 shares in the company, valued at approximately $1,672,749.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,500 shares of company stock worth $3,563,512. Company insiders own 1.97% of the company’s stock.
A number of institutional investors have recently bought and sold shares of WTFC. Advisors Asset Management Inc. acquired a new stake in Wintrust Financial during the 2nd quarter worth approximately $121,000. Exane Derivatives purchased a new position in Wintrust Financial in the 2nd quarter valued at approximately $128,000. Meeder Asset Management Inc. purchased a new position in Wintrust Financial in the 3rd quarter valued at approximately $183,000. Csenge Advisory Group purchased a new position in Wintrust Financial in the 3rd quarter valued at approximately $212,000. Finally, Adviser Investments LLC purchased a new position in Wintrust Financial during the third quarter worth $214,000. 91.11% of the stock is owned by institutional investors.
Shares of Wintrust Financial (NASDAQ WTFC) traded up $0.09 on Monday, reaching $77.02. 243,400 shares of the company’s stock were exchanged, compared to its average volume of 409,700. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 1.01. Wintrust Financial has a twelve month low of $58.52 and a twelve month high of $82.16. The stock has a market cap of $4,307.21, a price-to-earnings ratio of 18.47, a P/E/G ratio of 1.30 and a beta of 0.83.
Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.04. The business had revenue of $295.70 million during the quarter, compared to analyst estimates of $298.96 million. Wintrust Financial had a net margin of 22.19% and a return on equity of 9.28%. The company’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the firm posted $0.92 EPS. equities research analysts expect that Wintrust Financial will post 4.38 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Thursday, November 9th will be issued a dividend of $0.14 per share. The ex-dividend date is Wednesday, November 8th. This represents a $0.56 annualized dividend and a yield of 0.73%. Wintrust Financial’s dividend payout ratio (DPR) is 13.43%.
Wintrust Financial Company Profile
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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