Wintrust Financial (NASDAQ:WTFC) Given New $195.00 Price Target at Piper Sandler

by · The Markets Daily

Wintrust Financial (NASDAQ:WTFC – Free Report) had its price objective raised by Piper Sandler from $186.00 to $195.00 in a research note issued to investors on Monday, Marketbeat reports. They currently have an overweight rating on the bank’s stock.

Several other analysts have also issued reports on WTFC. Brean Capital lowered Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 price objective on the stock. in a research note on Tuesday, July 21st. DA Davidson boosted their target price on Wintrust Financial from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. TD Cowen dropped their price target on Wintrust Financial from $184.00 to $183.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wintrust Financial in a report on Friday, September 25th. Finally, Wall Street Zen raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Saturday, September 26th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $176.29.

Read Our Latest Analysis on WTFC

Wintrust Financial Stock Performance

Shares of WTFC stock opened at $145.20 on Monday. The company has a fifty day moving average price of $152.96 and a two-hundred day moving average price of $151.63. Wintrust Financial has a one year low of $119.61 and a one year high of $167.21. The stock has a market cap of $9.80 billion, a P/E ratio of 11.66 and a beta of 0.89. 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 (NASDAQ:WTFC – Get Free Report) last released its quarterly earnings data on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.15. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The company had revenue of $738.63 million for the quarter, compared to analyst estimates of $735.36 million. During the same period in the previous year, the business earned $2.78 EPS. Wintrust Financial’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, equities analysts predict that Wintrust Financial will post 13.07 EPS for the current year.

Wintrust Financial Dividend Announcement

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

Insiders Place Their Bets

In other Wintrust Financial news, COO David Dykstra sold 13,515 shares of the stock in a transaction dated 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 sale, the chief operating officer directly owned 166,449 shares in the company, valued at $27,092,903.73. This represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.24% of the stock is owned by corporate insiders.

Institutional Trading of Wintrust Financial

Several large investors have recently made changes to their positions in WTFC. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Wintrust Financial during the second quarter valued at approximately $27,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Wintrust Financial in the 2nd quarter valued at $36,000. Harbour Investments Inc. boosted its holdings in shares of Wintrust Financial by 72.7% in the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank’s stock valued at $34,000 after purchasing an additional 101 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Wintrust Financial in the 1st quarter valued at $35,000. Finally, Transamerica Financial Advisors LLC acquired a new position in shares of Wintrust Financial during the 2nd quarter worth $42,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wintrust Financial Company Profile

(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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