1 week Ago By ABMN Staff
StockNews.com cut shares of Wintrust Financial ( NASDAQ:WTFC – Free Report ) from a hold rating to a sell rating in a research note issued to investors on Friday. Several other analysts have also recently issued reports on WTFC.
Barclays upped their target price on Wintrust Financial from $130.00 to $151.00 and gave the company an “overweight” rating in a report on Thursday, December 5th.
Raymond James upped their price objective on shares of Wintrust Financial from $125.00 to $135.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 23rd.
Truist Financial lifted their target price on shares of Wintrust Financial from $123.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd.
Piper Sandler increased their price target on shares of Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd.
Finally, UBS Group assumed coverage on shares of Wintrust Financial in a research report on Tuesday, December 17th. They set a “buy” rating and a $157.00 price target on the stock.
One analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $128.
00. Check Out Our Latest Stock Analysis on Wintrust Financial Wintrust Financial Stock Performance Wintrust Financial ( NASDAQ:WTFC – Get Free Report ) last issued its earnings results on Monday, October 21st. The bank reported $2.
47 earnings per share for the quarter, missing the consensus estimate of $2.50 by ($0.03).
The company had revenue of $615.73 million for the quarter, compared to analyst estimates of $623.45 million.
Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%.
The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.
53 earnings per share. On average, sell-side analysts forecast that Wintrust Financial will post 10.12 earnings per share for the current fiscal year.
Wintrust Financial Announces Dividend The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were given a $0.45 dividend.
This represents a $1.80 annualized dividend and a yield of 1.43%.
The ex-dividend date of this dividend was Thursday, November 7th. Wintrust Financial’s dividend payout ratio is currently 18.85%.
Insiders Place Their Bets In other news, insider Richard B. Murphy sold 4,099 shares of Wintrust Financial stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $115.
63, for a total value of $473,967.37. Following the completion of the transaction, the insider now owns 42,311 shares in the company, valued at approximately $4,892,420.
93. This trade represents a 8.83 % decrease in their position.
The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website . Also, COO David A. Dykstra sold 15,492 shares of the company’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 owns 197,591 shares in the company, valued at $22,817,808.68. The trade was a 7.
27 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold 21,198 shares of company stock worth $2,445,314 over the last three months.
Company insiders own 1.47% of the company’s stock. Institutional Inflows and Outflows A number of institutional investors have recently added to or reduced their stakes in the company.
FMR LLC raised its holdings in shares of Wintrust Financial by 14.1% in the 3rd quarter. FMR LLC now owns 5,153,999 shares of the bank’s stock valued at $559,364,000 after purchasing an additional 637,072 shares in the last quarter.
Charles Schwab Investment Management Inc. increased its holdings in Wintrust Financial by 36.2% in the third quarter.
Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank’s stock valued at $87,132,000 after buying an additional 213,559 shares during the last quarter. Dimensional Fund Advisors LP raised its stake 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 buying an additional 146,090 shares in the last quarter. Principal Financial Group Inc.
lifted its holdings in Wintrust Financial by 11.3% during the 3rd quarter. Principal Financial Group Inc.
now owns 1,308,254 shares of the bank’s stock worth $141,981,000 after buying an additional 133,311 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Wintrust Financial by 5.1% during the 3rd quarter.
State Street Corp now owns 2,627,561 shares of the bank’s stock worth $285,169,000 after acquiring an additional 126,724 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.
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.
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