Barclays Trims Wintrust Financial (NASDAQ:WTFC) Target Price to $130.00

Wintrust Financial (NASDAQ:WTFC) had its price objective decreased by Barclays from $135.00 to $130.00 in a report issued on Friday morning, Benzinga reports. Barclays currently has an overweight rating on the bank’s stock.

WTFC has been the subject of a number of other reports. Citigroup lifted their target price on shares of Wintrust Financial from $114.00 to $115.00 and gave the stock a buy rating in a research note on Monday, March 18th. StockNews.com upgraded shares of Wintrust Financial from a sell rating to a hold rating in a research note on Thursday, April 18th. Royal Bank of Canada lifted their target price on shares of Wintrust Financial from $109.00 to $116.00 and gave the stock an outperform rating in a research note on Tuesday, April 9th. Stephens reiterated an overweight rating and issued a $110.00 target price on shares of Wintrust Financial in a research note on Tuesday, April 16th. Finally, Truist Financial raised their price target on shares of Wintrust Financial from $111.00 to $117.00 and gave the stock a buy rating in a research report on Monday, April 1st. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Wintrust Financial has an average rating of Buy and a consensus price target of $112.33.

Wintrust Financial Stock Up 2.0 %

NASDAQ:WTFC opened at $99.30 on Friday. Wintrust Financial has a fifty-two week low of $58.12 and a fifty-two week high of $105.29. The stock has a market capitalization of $6.13 billion, a P/E ratio of 10.27 and a beta of 1.21. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.97 and a current ratio of 0.98. The company’s 50-day simple moving average is $98.25 and its 200-day simple moving average is $91.16.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.47. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.09%. The business had revenue of $604.77 million for the quarter, compared to analysts’ expectations of $577.80 million. During the same period last year, the business earned $2.80 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. On average, equities analysts anticipate that Wintrust Financial will post 10.02 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.81%. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, February 7th. Wintrust Financial’s payout ratio is 18.61%.

Insider Activity

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

Institutional Investors Weigh In On Wintrust Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in WTFC. Capital International Investors boosted its stake in Wintrust Financial by 79.5% during the 4th quarter. Capital International Investors now owns 1,566,003 shares of the bank’s stock worth $145,247,000 after purchasing an additional 693,452 shares during the last quarter. Norges Bank acquired a new position in shares of Wintrust Financial during the 4th quarter valued at about $61,898,000. Principal Financial Group Inc. boosted its position in shares of Wintrust Financial by 136.7% during the 4th quarter. Principal Financial Group Inc. now owns 860,623 shares of the bank’s stock valued at $79,823,000 after acquiring an additional 497,065 shares during the last quarter. FMR LLC boosted its position in shares of Wintrust Financial by 11.5% during the 3rd quarter. FMR LLC now owns 4,651,381 shares of the bank’s stock valued at $351,179,000 after acquiring an additional 480,942 shares during the last quarter. Finally, Westfield Capital Management Co. LP acquired a new position in shares of Wintrust Financial during the 4th quarter valued at about $31,267,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

About Wintrust Financial

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.