Wintrust Financial’s (WTFC) Buy Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their buy rating on shares of Wintrust Financial (NASDAQ:WTFC) in a research note published on Thursday. They currently have a $90.00 price target on the bank’s stock.

Several other brokerages also recently weighed in on WTFC. Zacks Investment Research raised shares of Wintrust Financial from a hold rating to a buy rating and set a $83.00 target price on the stock in a report on Wednesday, September 27th. SunTrust Banks reaffirmed a hold rating and issued a $88.00 target price on shares of Wintrust Financial in a report on Wednesday, November 29th. Royal Bank of Canada reaffirmed a buy rating and issued a $84.00 target price on shares of Wintrust Financial in a report on Friday, September 8th. Finally, Piper Jaffray Companies reaffirmed a hold rating and issued a $74.00 target price on shares of Wintrust Financial in a report on Friday, September 1st. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $83.50.

Wintrust Financial (WTFC) opened at $82.99 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.40. The company has a market cap of $4,641.05, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 1.40 and a beta of 0.83. Wintrust Financial has a one year low of $64.14 and a one year high of $86.80.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.04. The company had revenue of $295.70 million for the quarter, compared to analyst estimates of $298.96 million. Wintrust Financial had a net margin of 19.74% and a return on equity of 9.32%. Wintrust Financial’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 earnings per share. equities research analysts anticipate that Wintrust Financial will post 4.38 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Thursday, November 9th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Wednesday, November 8th. Wintrust Financial’s dividend payout ratio is presently 13.43%.

In other news, EVP David A. Dykstra sold 22,476 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $79.86, for a total value of $1,794,933.36. Following the completion of the transaction, the executive vice president now owns 188,604 shares of the company’s stock, valued at $15,061,915.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Leona A. Gleason sold 8,441 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $80.78, for a total transaction of $681,863.98. The disclosure for this sale can be found here. In the last three months, insiders sold 44,500 shares of company stock valued at $3,563,512. Company insiders own 2.00% of the company’s stock.

A number of hedge funds have recently modified their holdings of WTFC. Janus Henderson Group PLC acquired a new position in Wintrust Financial during the second quarter worth approximately $63,086,000. BlackRock Inc. increased its position in Wintrust Financial by 6.3% during the second quarter. BlackRock Inc. now owns 6,492,888 shares of the bank’s stock worth $496,316,000 after purchasing an additional 382,791 shares during the last quarter. Prudential Financial Inc. increased its position in Wintrust Financial by 564.1% during the second quarter. Prudential Financial Inc. now owns 443,557 shares of the bank’s stock worth $33,905,000 after purchasing an additional 376,766 shares during the last quarter. Northern Trust Corp grew its stake in Wintrust Financial by 33.2% during the second quarter. Northern Trust Corp now owns 1,403,270 shares of the bank’s stock worth $107,265,000 after buying an additional 349,965 shares during the period. Finally, Vanguard Group Inc. grew its stake in Wintrust Financial by 7.7% during the second quarter. Vanguard Group Inc. now owns 4,586,706 shares of the bank’s stock worth $350,607,000 after buying an additional 327,529 shares during the period. 91.71% of the stock is owned by hedge funds and other institutional investors.

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Wintrust Financial Company Profile

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.

Analyst Recommendations for Wintrust Financial (NASDAQ:WTFC)

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