Wintrust Financial (NASDAQ:WTFC) Stock Gets Price Target Trim from Piper Sandler

by · The Cerbat Gem

Wintrust Financial (NASDAQ:WTFC – Free Report) had its target price decreased by Piper Sandler from $195.00 to $186.00 in a research note released on Wednesday,Benzinga reports. Piper Sandler currently has an overweight rating on the bank’s stock.

A number of other research firms have also recently commented on WTFC. DA Davidson set a $180.00 price target on shares of Wintrust Financial in a report on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wintrust Financial in a research note on Friday, September 25th. Deutsche Bank Aktiengesellschaft began coverage on shares of Wintrust Financial in a report on Monday, October 12th. They set a “buy” rating and a $175.00 price objective for the company. TD Cowen lifted their price objective on shares of Wintrust Financial from $173.00 to $174.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Truist Financial boosted their price objective on shares of Wintrust Financial from $170.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $175.00.

Get Our Latest Stock Report on Wintrust Financial

Wintrust Financial Stock Performance

Shares of Wintrust Financial stock opened at $150.77 on Wednesday. The stock’s fifty day moving average is $148.46 and its two-hundred day moving average is $152.41. The company has a market capitalization of $10.17 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.18 and a beta of 0.89. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.63. Wintrust Financial has a 52 week low of $122.00 and a 52 week high of $167.21.

Wintrust Financial (NASDAQ:WTFC – Get Free Report) last released its earnings results on Monday, October 19th. The bank reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.06. Wintrust Financial had a return on equity of 13.31% and a net margin of 21.03%. The business had revenue of $757.88 million for the quarter, compared to analyst estimates of $754.54 million. During the same quarter last year, the firm posted $3.06 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. As a group, analysts expect that Wintrust Financial will post 13.27 earnings per share for the current year.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Thursday, November 5th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, November 5th. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. Wintrust Financial’s payout ratio is 16.87%.

Insider Buying and Selling at Wintrust Financial

In other news, insider Richard Murphy sold 7,136 shares of the stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $148.66, for a total transaction of $1,060,837.76. Following the transaction, the insider owned 30,107 shares of the company’s stock, valued at approximately $4,475,706.62. This represents a 19.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO David Dykstra sold 13,515 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $162.77, for a total value of $2,199,836.55. Following the transaction, the chief operating officer directly owned 166,449 shares in the company, valued at $27,092,903.73. The trade was a 7.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.24% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Wintrust Financial during the 2nd quarter valued at about $27,000. Pension & Wealth Management Advisors Inc. bought a new stake in shares of Wintrust Financial in the 3rd quarter valued at about $29,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Wintrust Financial in the 2nd quarter worth approximately $36,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Wintrust Financial in the 1st quarter worth approximately $35,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in shares of Wintrust Financial in the 2nd quarter worth approximately $42,000. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Company Profile

(Get Free Report)

Wintrust Financial Corporation (NASDAQ: WTFC) is a financial holding company headquartered in Rosemont, Illinois. Through its network of community banking subsidiaries, the company provides banking and financial services to individuals, families, businesses and institutions.

Its offerings include checking and savings accounts, commercial and consumer lending, residential mortgages, treasury management, cash management and other deposit services. Wintrust also provides wealth management, investment services, insurance-related products and specialized finance solutions, including equipment finance and premium finance.

Founded in 1991, Wintrust has built its business through a community banking model that combines local decision-making and relationship-based service with the resources of a larger financial organization.

See Also