Wintrust Financial Corp (NASDAQ:WTFC) has been assigned an average recommendation of “Buy” from the fourteen research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $95.27.
A number of brokerages recently issued reports on WTFC. Wedbush increased their price target on Wintrust Financial from $100.00 to $101.00 and gave the stock a “$90.84” rating in a research report on Wednesday, July 18th. BidaskClub downgraded Wintrust Financial from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 27th. Stephens raised Wintrust Financial from an “equal” rating to a “weight” rating in a research report on Monday, October 15th. Raymond James reduced their price target on Wintrust Financial from $100.00 to $96.00 and set a “strong-buy” rating on the stock in a research report on Friday, October 19th. Finally, Hovde Group set a $98.00 target price on Wintrust Financial and gave the company a “hold” rating in a report on Monday, July 23rd.
Shares of NASDAQ:WTFC opened at $76.14 on Monday. The company has a market cap of $4.23 billion, a P/E ratio of 17.30, a P/E/G ratio of 0.92 and a beta of 0.80. Wintrust Financial has a 1 year low of $72.17 and a 1 year high of $99.96. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.98 and a current ratio of 0.99.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 23rd. Shareholders of record on Thursday, November 8th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Wednesday, November 7th. Wintrust Financial’s dividend payout ratio is presently 17.27%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its position in Wintrust Financial by 7.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,881,784 shares of the bank’s stock worth $163,808,000 after purchasing an additional 123,447 shares during the last quarter. Millennium Management LLC raised its position in Wintrust Financial by 741.4% during the 2nd quarter. Millennium Management LLC now owns 1,523,131 shares of the bank’s stock worth $132,589,000 after purchasing an additional 1,342,106 shares during the last quarter. Hermes Investment Management Ltd. raised its position in Wintrust Financial by 1.4% during the 2nd quarter. Hermes Investment Management Ltd. now owns 966,370 shares of the bank’s stock worth $84,123,000 after purchasing an additional 13,117 shares during the last quarter. Glenmede Trust Co. NA raised its position in Wintrust Financial by 4.5% during the 2nd quarter. Glenmede Trust Co. NA now owns 700,098 shares of the bank’s stock worth $60,943,000 after purchasing an additional 30,195 shares during the last quarter. Finally, Standard Life Aberdeen plc raised its position in Wintrust Financial by 50.3% during the 2nd quarter. Standard Life Aberdeen plc now owns 485,039 shares of the bank’s stock worth $42,216,000 after purchasing an additional 162,409 shares during the last quarter. Institutional investors own 88.41% of the company’s stock.
About Wintrust Financial
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.
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