1 week Ago By Defense World Staff
StockNews.com downgraded shares of Wintrust Financial ( NASDAQ:WTFC – Free Report ) from a hold rating to a sell rating in a research report released on Friday. Several other equities analysts have also recently weighed in on the company.
Citigroup raised their price target on Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd.
Wedbush reissued an “outperform” rating and set a $130.00 target price on shares of Wintrust Financial in a research report on Tuesday, October 22nd. Raymond James raised their price objective on shares of Wintrust Financial from $125.
00 to $135.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 23rd. Truist Financial boosted their target price on shares of Wintrust Financial from $123.
00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Barclays increased their price objective on Wintrust Financial from $130.
00 to $151.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock.
Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.00. Check Out Our Latest Report on Wintrust Financial Wintrust Financial Price Performance Wintrust Financial ( NASDAQ:WTFC – Get Free Report ) last announced its quarterly earnings data on Monday, October 21st.
The bank reported $2.47 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.
03). Wintrust Financial had a net margin of 16.52% and a return on equity of 11.
99%. The business had revenue of $615.73 million during the quarter, compared to analysts’ expectations of $623.
45 million. During the same quarter in the previous year, the firm earned $2.53 earnings per share.
Wintrust Financial’s revenue was up 7.1% on a year-over-year basis. Research analysts expect that Wintrust Financial will post 10.
12 EPS for the current fiscal year. Wintrust Financial Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 7th were given a dividend of $0.
45 per share. This represents a $1.80 annualized dividend and a yield of 1.
43%. The ex-dividend date was Thursday, November 7th. Wintrust Financial’s dividend payout ratio is currently 18.
85%. Insiders Place Their Bets In other news, CFO David L. Stoehr sold 1,607 shares of the business’s stock in a transaction dated Thursday, October 24th.
The stock was sold at an average price of $113.46, for a total value of $182,330.22.
Following the completion of the transaction, the chief financial officer now owns 14,874 shares of the company’s stock, valued at $1,687,604.04. The trade was a 9.
75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website . Also, COO David A.
Dykstra sold 15,492 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total transaction of $1,789,016.
16. Following the sale, the chief operating officer now directly owns 197,591 shares in the company, valued at $22,817,808.68.
The trade was a 7.27 % decrease in their position. The disclosure for this sale can be found here .
Over the last 90 days, insiders sold 21,198 shares of company stock valued at $2,445,314. 1.47% of the stock is currently owned by corporate insiders.
Institutional Trading of Wintrust Financial A number of hedge funds have recently added to or reduced their stakes in WTFC. FMR LLC boosted its stake in shares of Wintrust Financial by 14.1% during the 3rd quarter.
FMR LLC now owns 5,153,999 shares of the bank’s stock worth $559,364,000 after acquiring an additional 637,072 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Wintrust Financial by 36.
2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank’s stock worth $87,132,000 after purchasing an additional 213,559 shares during the period.
Dimensional Fund Advisors LP grew its holdings in Wintrust Financial by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank’s stock valued at $297,376,000 after purchasing an additional 146,090 shares during the period.
Principal Financial Group Inc. increased its position in shares of Wintrust Financial by 11.3% in the third quarter.
Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock valued at $141,981,000 after buying an additional 133,311 shares in the last quarter. Finally, State Street Corp increased its position in shares of Wintrust Financial by 5.
1% in the third quarter. State Street Corp now owns 2,627,561 shares of the bank’s stock valued at $285,169,000 after buying an additional 126,724 shares in the last quarter. 93.
48% of the stock is owned by hedge funds and other institutional investors. About Wintrust Financial ( Get Free Report ) 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. Featured Articles Five stocks we like better than Wintrust Financial What does consumer price index measure? Insiders Are Selling, But These 3 Stocks Are Must-Buys 3 Monster Growth Stocks to Buy Now Rivian Defies Doubters: Delivery Triumph Fuels Stock Surge Uptrend Stocks Explained: Learn How to Trade Using Uptrends Hindenburg Short Report Slams Carvana Over Alleged ‘Grift’ Receive News & Ratings for Wintrust Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wintrust Financial and related companies with MarketBeat.com's FREE daily email newsletter .
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