Wintrust Financial’s (WTFC) Overweight Rating Reiterated at Stephens

Stephens reiterated their overweight rating on shares of Wintrust Financial (NASDAQ:WTFC) in a research note released on Tuesday, Benzinga reports. Stephens currently has a $110.00 target price on the bank’s stock.

WTFC has been the subject of several other reports. Wedbush reissued an outperform rating and set a $110.00 price target on shares of Wintrust Financial in a report on Thursday, January 18th. Barclays started coverage on shares of Wintrust Financial in a research report on Friday, March 8th. They issued an overweight rating and a $135.00 price objective for the company. Truist Financial raised their price objective on shares of Wintrust Financial from $111.00 to $117.00 and gave the company a buy rating in a research report on Monday, April 1st. Royal Bank of Canada raised their price objective on shares of Wintrust Financial from $109.00 to $116.00 and gave the company an outperform rating in a research report on Tuesday, April 9th. Finally, Citigroup raised their price objective on shares of Wintrust Financial from $114.00 to $115.00 and gave the company a buy rating in a research report on Monday, March 18th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Wintrust Financial presently has an average rating of Buy and a consensus price target of $112.92.

Wintrust Financial Trading Up 2.1 %

Shares of WTFC stock opened at $97.31 on Tuesday. Wintrust Financial has a 12-month low of $58.12 and a 12-month high of $105.29. The company has a market capitalization of $6.01 billion, a P/E ratio of 10.06 and a beta of 1.21. The firm has a 50-day moving average price of $98.18 and a 200 day moving average price of $90.73. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.73.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.47. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.29%. The firm had revenue of $604.77 million during the quarter, compared to the consensus estimate of $577.80 million. During the same period last year, the firm posted $2.80 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. Research analysts forecast that Wintrust Financial will post 9.9 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were paid a dividend of $0.45 per share. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, February 7th. This represents a $1.80 annualized dividend and a yield of 1.85%. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.61%.

Insider Buying and Selling

In related news, insider Edward J. Wehmer sold 9,500 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the transaction, the insider now owns 177,124 shares of the company’s stock, valued at approximately $17,599,040.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Wintrust Financial news, EVP Jeffrey D. Hahnfeld sold 588 shares of Wintrust Financial stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $97.88, for a total value of $57,553.44. Following the transaction, the executive vice president now owns 3,410 shares of the company’s stock, valued at $333,770.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Edward J. Wehmer sold 9,500 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $99.36, for a total transaction of $943,920.00. Following the completion of the transaction, the insider now directly owns 177,124 shares in the company, valued at approximately $17,599,040.64. The disclosure for this sale can be found here. 1.47% of the stock is owned by insiders.

Institutional Trading of Wintrust Financial

Institutional investors have recently made changes to their positions in the business. Johnson Financial Group Inc. bought a new stake in shares of Wintrust Financial in the fourth quarter worth $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Wintrust Financial in the first quarter valued at about $27,000. Belpointe Asset Management LLC grew its stake in shares of Wintrust Financial by 106.2% in the first quarter. Belpointe Asset Management LLC now owns 365 shares of the bank’s stock valued at $27,000 after acquiring an additional 188 shares in the last quarter. Quent Capital LLC grew its stake in shares of Wintrust Financial by 120.8% in the fourth quarter. Quent Capital LLC now owns 351 shares of the bank’s stock valued at $33,000 after acquiring an additional 192 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of Wintrust Financial in the fourth quarter valued at about $41,000. 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.