Piper Jaffray Companies set a $72.00 target price on Wintrust Financial Corporation (NASDAQ:WTFC) in a report released on Tuesday, July 18th. The brokerage currently has a hold rating on the bank’s stock.
Several other equities analysts also recently weighed in on WTFC. Zacks Investment Research downgraded Wintrust Financial Corporation from a buy rating to a hold rating in a research report on Saturday, June 10th. Jefferies Group LLC reissued a hold rating and set a $80.00 target price on shares of Wintrust Financial Corporation in a research report on Sunday, June 11th. BidaskClub downgraded Wintrust Financial Corporation from a hold rating to a sell rating in a research report on Wednesday, July 19th. Stephens downgraded Wintrust Financial Corporation from an overweight rating to an equal weight rating in a research report on Monday, July 10th. Finally, ValuEngine raised Wintrust Financial Corporation from a hold rating to a buy rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $78.71.
Wintrust Financial Corporation (NASDAQ:WTFC) traded up 0.91% during mid-day trading on Tuesday, hitting $75.35. The stock had a trading volume of 195,650 shares. Wintrust Financial Corporation has a 12 month low of $51.65 and a 12 month high of $80.52. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 19.00 and a beta of 0.81. The stock’s 50-day moving average price is $76.37 and its 200-day moving average price is $72.55.
Wintrust Financial Corporation (NASDAQ:WTFC) last released its earnings results on Tuesday, July 18th. The bank reported $1.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.12. The firm had revenue of $294.38 million for the quarter, compared to the consensus estimate of $279.69 million. Wintrust Financial Corporation had a return on equity of 9.15% and a net margin of 19.24%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS. On average, analysts predict that Wintrust Financial Corporation will post $4.28 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Tuesday, August 8th. Wintrust Financial Corporation’s payout ratio is currently 14.11%.
In related news, insider Edward J. Wehmer sold 29,779 shares of the business’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $76.89, for a total transaction of $2,289,707.31. Following the completion of the transaction, the insider now owns 137,352 shares in the company, valued at approximately $10,560,995.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David A. Dykstra sold 26,861 shares of the business’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $76.82, for a total value of $2,063,462.02. Following the transaction, the executive vice president now owns 185,651 shares of the company’s stock, valued at approximately $14,261,709.82. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. Advisors Asset Management Inc. purchased a new stake in shares of Wintrust Financial Corporation during the second quarter valued at $121,000. Exane Derivatives purchased a new stake in shares of Wintrust Financial Corporation during the second quarter valued at $128,000. Daiwa Securities Group Inc. purchased a new stake in shares of Wintrust Financial Corporation during the first quarter valued at $187,000. Penserra Capital Management LLC purchased a new stake in shares of Wintrust Financial Corporation during the first quarter valued at $193,000. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Wintrust Financial Corporation by 3.4% in the first quarter. Oppenheimer & Co. Inc. now owns 2,956 shares of the bank’s stock valued at $204,000 after buying an additional 96 shares in the last quarter. Institutional investors and hedge funds own 90.19% of the company’s stock.
About Wintrust Financial Corporation
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 offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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