Wintrust Financial Corp. (WTFC) Upgraded by Keefe, Bruyette & Woods to “Outperform”
Other equities analysts have also issued reports about the stock. Hovde Group assumed coverage on shares of Wintrust Financial Corp. in a research note on Wednesday, August 24th. They issued a market perform rating and a $59.00 target price for the company. Zacks Investment Research raised shares of Wintrust Financial Corp. from a hold rating to a buy rating and set a $60.00 target price for the company in a research note on Tuesday, August 16th. Finally, Jefferies Group reaffirmed a hold rating and issued a $54.00 target price on shares of Wintrust Financial Corp. in a research note on Sunday, October 23rd. Eight analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $53.70.
Wintrust Financial Corp. (NASDAQ:WTFC) opened at 65.12 on Tuesday. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 19.35 and a beta of 0.83. The company’s 50-day moving average price is $57.50 and its 200 day moving average price is $54.19. Wintrust Financial Corp. has a 52 week low of $37.96 and a 52 week high of $66.28.
Wintrust Financial Corp. (NASDAQ:WTFC) last announced its earnings results on Monday, October 17th. The company reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.02. The firm earned $271.24 million during the quarter, compared to analyst estimates of $264.11 million. Wintrust Financial Corp. had a net margin of 17.23% and a return on equity of 8.46%. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 EPS. On average, analysts predict that Wintrust Financial Corp. will post $3.63 EPS for the current year.
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The company also recently announced a quarterly dividend, which was paid on Friday, November 25th. Investors of record on Thursday, November 10th were paid a $0.12 dividend. The ex-dividend date was Tuesday, November 8th. This represents a $0.48 annualized dividend and a yield of 0.74%. Wintrust Financial Corp.’s dividend payout ratio (DPR) is currently 14.29%.
In other news, Director Marla F. Glabe bought 900 shares of the business’s stock in a transaction that occurred on Thursday, October 20th. The stock was acquired at an average cost of $55.00 per share, for a total transaction of $49,500.00. Following the purchase, the director now owns 3,771 shares of the company’s stock, valued at approximately $207,405. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David L. Stoehr sold 7,252 shares of the firm’s stock in a transaction dated Thursday, October 20th. The shares were sold at an average price of $55.00, for a total transaction of $398,860.00. Following the completion of the sale, the insider now owns 8,038 shares of the company’s stock, valued at $442,090. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of WTFC. Geode Capital Management LLC increased its stake in shares of Wintrust Financial Corp. by 0.7% in the first quarter. Geode Capital Management LLC now owns 415,601 shares of the company’s stock valued at $18,427,000 after buying an additional 2,827 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Wintrust Financial Corp. by 22.7% in the second quarter. BNP Paribas Arbitrage SA now owns 34,262 shares of the company’s stock valued at $1,747,000 after buying an additional 6,344 shares during the period. Alpha Windward LLC purchased a new stake in shares of Wintrust Financial Corp. during the second quarter valued at about $401,000. Creative Planning increased its stake in shares of Wintrust Financial Corp. by 7.6% in the second quarter. Creative Planning now owns 13,140 shares of the company’s stock valued at $670,000 after buying an additional 931 shares during the period. Finally, Capstone Asset Management Co. increased its stake in shares of Wintrust Financial Corp. by 4.0% in the second quarter. Capstone Asset Management Co. now owns 15,779 shares of the company’s stock valued at $805,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 92.22% of the company’s stock.
About Wintrust Financial Corp.
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company provides community-oriented, personal and commercial banking services to customers located in the Chicago metropolitan area and in southeastern Wisconsin through its banking subsidiaries (the banks).
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