Wintrust Financial (NASDAQ:WTFC) Earns Buy Rating from Analysts at UBS Group

UBS Group initiated coverage on shares of Wintrust Financial (NASDAQ:WTFC) in a report published on Tuesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $157.00 price objective on the bank’s stock.

WTFC has been the subject of a number of other reports. Raymond James increased their target price on shares of Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 23rd. Barclays increased their price objective on Wintrust Financial from $130.00 to $151.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Piper Sandler boosted their target price on Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. DA Davidson upped their target price on Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Wedbush reiterated an “outperform” rating and issued a $130.00 price target on shares of Wintrust Financial in a report on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $128.00.

Wintrust Financial Price Performance

Shares of Wintrust Financial stock opened at $122.72 on Tuesday. The stock has a market capitalization of $8.16 billion, a price-to-earnings ratio of 12.85 and a beta of 1.18. The company has a fifty day moving average of $126.45 and a 200-day moving average of $110.71. Wintrust Financial has a 52-week low of $89.68 and a 52-week high of $142.04. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.01 and a current ratio of 1.02.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.03). Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The company had revenue of $615.73 million during the quarter, compared to analysts’ expectations of $623.45 million. During the same quarter in the prior year, the firm posted $2.53 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. Equities research analysts expect that Wintrust Financial will post 10.12 EPS for the current year.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Thursday, November 7th. Wintrust Financial’s dividend payout ratio is presently 18.85%.

Insider Buying and Selling

In related news, CFO David L. Stoehr sold 1,607 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $113.46, for a total value of $182,330.22. Following the sale, the chief financial officer now owns 14,874 shares in the company, valued at $1,687,604.04. This represents a 9.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO David A. Dykstra sold 15,492 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $115.48, for a total value of $1,789,016.16. Following the transaction, the chief operating officer now directly owns 197,591 shares of the company’s stock, valued at approximately $22,817,808.68. This trade represents a 7.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,198 shares of company stock worth $2,445,314 in the last three months. 1.47% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Wintrust Financial

A number of hedge funds have recently bought and sold shares of WTFC. Jane Street Group LLC increased its stake in Wintrust Financial by 530.3% during the 3rd quarter. Jane Street Group LLC now owns 39,135 shares of the bank’s stock valued at $4,247,000 after purchasing an additional 32,926 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Wintrust Financial by 36.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank’s stock valued at $87,132,000 after acquiring an additional 213,559 shares in the last quarter. State Street Corp increased its position in shares of Wintrust Financial by 5.1% during the third quarter. State Street Corp now owns 2,627,561 shares of the bank’s stock valued at $285,169,000 after acquiring an additional 126,724 shares in the last quarter. Choreo LLC purchased a new position in Wintrust Financial in the 2nd quarter worth approximately $1,115,000. Finally, Allspring Global Investments Holdings LLC lifted its position in Wintrust Financial by 7.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 203,285 shares of the bank’s stock valued at $22,063,000 after acquiring an additional 14,699 shares in 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.