The stock of Wintrust Financial Corporation (NASDAQ:WTFC) last traded at $91.54, up 0.11% from the previous session.
Data from the available sources indicates that Wintrust Financial Corporation (NASDAQ:WTFC) is covered by 11 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $124.00 and a low of $103.00, we find $108.00. Given the previous closing price of $91.44, this indicates a potential upside of 18.11 percent. WTFC stock price is now 2.90% away from the 50-day moving average and 5.45% away from the 200-day moving average. The market capitalization of the company currently stands at $5.55B.
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In total, 0 analysts have assigned it a hold rating, and 11 have given it a buy rating. Brokers who have rated the stock have averaged $109.45 as their price target over the next twelve months.
With the price target maintained at $108, Hovde Group recently Upgraded its rating from Market Perform to Outperform for Wintrust Financial Corporation (NASDAQ: WTFC). , while ‘Keefe Bruyette’ rates the stock as ‘Outperform’.
In other news, KENNEY BRIAN A, Director bought 6,600 shares of the company’s stock on Feb 16. The stock was bought for $608,718 at an average price of $92.23. Upon completion of the transaction, the Director now directly owns 6,600 shares in the company, valued at $0.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 02, Director WASHINGTON ALEX E III bought 1,000 shares of the business’s stock. A total of $93,290 was incurred on buying the stock at an average price of $93.29. This leaves the insider owning 12,930 shares of the company worth $1.18 million. Insiders disposed of 21,909 shares of company stock worth roughly $2.01 million over the past 1 year. A total of 1.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WTFC stock. A new stake in Wintrust Financial Corporation shares was purchased by ASSENAGON ASSET MANAGEMENT S.A. during the first quarter worth $16,487,000. DRIEHAUS CAPITAL MANAGEMENT LLC invested $5,945,000 in shares of WTFC during the first quarter. In the first quarter, TWINBEECH CAPITAL LP acquired a new stake in Wintrust Financial Corporation valued at approximately $3,974,000. STATE OF TENNESSEE, TREASURY DEPARTMENT acquired a new stake in WTFC for approximately $3,892,000. NEUBERGER BERMAN GROUP LLC purchased a new stake in WTFC valued at around $3,689,000 in the second quarter. In total, there are 505 active investors with 92.70% ownership of the company’s stock.
With an opening price of $91.02 on Monday morning, Wintrust Financial Corporation (NASDAQ: WTFC) set off the trading day. During the past 12 months, Wintrust Financial Corporation has had a low of $76.13 and a high of $98.54. The fifty day moving average price for WTFC is $88.96 and a two-hundred day moving average price translates $86.81 for the stock.
The latest earnings results from Wintrust Financial Corporation (NASDAQ: WTFC) was released for Dec, 2022. According to the Banks – Regional Company, earnings per share came in at $2.23, missing analysts’ expectations of $2.58 by -0.35. This compares to $1.57 EPS in the same period last year. The net profit margin was 27.60% and return on equity was 11.30% for WTFC. The company reported revenue of $580.75 million for the quarter, compared to $327.98 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 77.07 percent. For the current quarter, analysts expect WTFC to generate $574.33M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 02/23/2023. Investors who held shares on 02/09/2023 were paid a $0.40 dividend. On an annualized basis, this represents a $1.60 dividend and a 1.75% percent yield. There was an ex-dividend date of 02/08/2023 for this dividend. In terms of dividend payout ratio, WTFC is presently at 16.80%.
Wintrust Financial Corporation(WTFC) Company Profile
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. It also engages in the retail origination and purchase of residential mortgages for sale into the secondary market; and provision of lending, deposits, and treasury management services to condominium, homeowner, and community associations, as well as asset-based lending for middle-market companies. In addition, this segment offers loan and deposit services to mortgage brokerage companies; lending to restaurant franchisees; direct leasing; small business administration loans; commercial mortgages and construction loans; and financial solutions. It provides personal and commercial banking services primarily to individuals, small to mid-sized businesses, local governmental units, and institutional clients. The Specialty Finance segment offers commercial and life insurance premiums financing for businesses and individuals; accounts receivable financing, value-added, and out-sourced administrative services; and other specialty finance services, as well as data processing of payrolls, billing, and cash management services to temporary staffing industry. The Wealth Management segment provides trust and investment, asset management, tax-deferred exchange, securities brokerage, and retirement plan services. Wintrust Financial Corporation was founded in 1991 and is headquartered in Rosemont, Illinois.
