Wintrust Financial (NASDAQ:WTFC) Given New $173.00 Price Target at TD Cowen

by · The Markets Daily

Wintrust Financial (NASDAQ:WTFC – Free Report) had its price objective lowered by TD Cowen from $183.00 to $173.00 in a research report released on Monday morning,Benzinga reports. The firm currently has a buy rating on the bank’s stock.

WTFC has been the topic of several other research reports. Raymond James Financial began coverage on shares of Wintrust Financial in a report on Tuesday, July 7th. They issued an “outperform” rating and a $180.00 target price on the stock. Citigroup downgraded shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Truist Financial lifted their price objective on Wintrust Financial from $170.00 to $183.00 and gave the company a “buy” rating in a report on Friday, July 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Wintrust Financial in a research report on Friday, September 25th. Finally, Wall Street Zen raised Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Saturday, September 26th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Wintrust Financial currently has an average rating of “Moderate Buy” and an average price target of $176.29.

View Our Latest Research Report on WTFC

Wintrust Financial Price Performance

Shares of WTFC opened at $145.20 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. Wintrust Financial has a 1-year low of $119.61 and a 1-year high of $167.21. The stock has a market cap of $9.80 billion, a PE ratio of 11.66 and a beta of 0.89. The firm has a fifty day moving average price of $152.96 and a 200 day moving average price of $151.63.

Wintrust Financial (NASDAQ:WTFC – Get Free Report) last announced its earnings results on Monday, July 20th. The bank reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.15. The business had revenue of $738.63 million for the quarter, compared to analysts’ expectations of $735.36 million. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.78 EPS. As a group, sell-side analysts anticipate that Wintrust Financial will post 13.07 EPS for the current year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, August 6th. This represents a $2.20 annualized dividend and a yield of 1.5%. Wintrust Financial’s dividend payout ratio is 17.67%.

Insider Buying and Selling at Wintrust Financial

In other Wintrust Financial news, COO David Dykstra sold 13,515 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following the transaction, the chief operating officer owned 166,449 shares of the company’s stock, valued at $27,092,903.73. This trade represents a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.24% of the stock is currently owned by insiders.

Institutional Trading of Wintrust Financial

A number of institutional investors have recently modified their holdings of WTFC. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Wintrust Financial during the second quarter worth approximately $27,000. Harbour Investments Inc. boosted its position in shares of Wintrust Financial by 72.7% in the fourth quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock worth $34,000 after buying an additional 101 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in shares of Wintrust Financial in the first quarter worth about $35,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Wintrust Financial in the second quarter valued at about $36,000. Finally, Leonteq Securities AG acquired a new stake in shares of Wintrust Financial in the first quarter valued at about $40,000. Hedge funds and other institutional investors own 93.48% of the company’s stock.

About Wintrust Financial

(Get Free Report)

Wintrust Financial Corporation (NASDAQ: WTFC) is a financial holding company headquartered in Rosemont, Illinois. Founded in 1991, the company operates a network of community banks serving individuals, families and businesses primarily in the Chicago metropolitan area, southern Wisconsin and northwest Indiana.

Wintrust’s banking subsidiaries provide deposit accounts, commercial and consumer lending, residential mortgages, treasury management, trust and investment services, and other traditional banking products.

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