Several other analysts also recently weighed in on WTFC. Jefferies Financial Group upgraded Wintrust Financial from a hold rating to a buy rating in a research note on Monday, April 1st. Zacks Investment Research upgraded Wintrust Financial from a hold rating to a buy rating and set a $74.00 target price for the company in a research note on Thursday, March 28th. Finally, Piper Jaffray Companies upgraded Wintrust Financial from a neutral rating to an overweight rating in a research note on Monday, January 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $90.88.
Shares of WTFC traded up $0.84 during trading hours on Monday, hitting $76.56. The stock had a trading volume of 256,907 shares, compared to its average volume of 459,090. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.41. Wintrust Financial has a 12-month low of $61.53 and a 12-month high of $99.96. The firm has a market capitalization of $4.29 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 0.86 and a beta of 0.93.
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. Wintrust Financial’s dividend payout ratio (DPR) is 17.06%.
A number of large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its stake in Wintrust Financial by 4.4% in the third quarter. The Manufacturers Life Insurance Company now owns 93,482 shares of the bank’s stock valued at $7,941,000 after acquiring an additional 3,916 shares during the period. Foundry Partners LLC boosted its stake in Wintrust Financial by 9.0% in the first quarter. Foundry Partners LLC now owns 137,928 shares of the bank’s stock valued at $9,287,000 after acquiring an additional 11,361 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Wintrust Financial by 25.4% during the third quarter. Canada Pension Plan Investment Board now owns 99,200 shares of the bank’s stock valued at $8,426,000 after buying an additional 20,100 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Wintrust Financial by 0.5% during the fourth quarter. Bank of Montreal Can now owns 105,597 shares of the bank’s stock valued at $7,021,000 after buying an additional 500 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of Wintrust Financial by 8.3% during the third quarter. Advisors Asset Management Inc. now owns 18,771 shares of the bank’s stock valued at $1,594,000 after buying an additional 1,431 shares during the last quarter. Institutional investors and hedge funds own 90.20% of the company’s stock.
Wintrust Financial Company Profile
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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