1 day Ago By ABMN Staff
StockNews.com upgraded shares of Wintrust Financial ( NASDAQ:WTFC – Free Report ) from a sell rating to a hold rating in a research note published on Tuesday. Several other analysts also recently issued reports on WTFC.
DA Davidson reduced their price target on shares of Wintrust Financial from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd.
Raymond James set a $143.00 price target on shares of Wintrust Financial and gave the company a “strong-buy” rating in a report on Wednesday, April 23rd. Hovde Group upped their price target on shares of Wintrust Financial from $107.
00 to $115.00 and gave the company a “market perform” rating in a report on Wednesday, April 23rd. Stephens reduced their price target on shares of Wintrust Financial from $145.
00 to $132.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Finally, Royal Bank of Canada reduced their price target on shares of Wintrust Financial from $152.
00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock.
According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $133.54. View Our Latest Stock Report on Wintrust Financial Wintrust Financial Stock Up 0.
8 % Wintrust Financial ( NASDAQ:WTFC – Get Free Report ) last released its quarterly earnings data on Monday, April 21st. The bank reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.
52 by $0.17. Wintrust Financial had a net margin of 17.
52% and a return on equity of 12.60%. The firm had revenue of $643.
11 million for the quarter, compared to the consensus estimate of $643.11 million. During the same quarter in the previous year, the firm earned $2.
89 earnings per share. On average, research analysts expect that Wintrust Financial will post 10.36 earnings per share for the current fiscal year.
Wintrust Financial Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a dividend of $0.50 per share.
This represents a $2.00 dividend on an annualized basis and a yield of 1.77%.
The ex-dividend date is Thursday, May 8th. Wintrust Financial’s dividend payout ratio (DPR) is presently 19.78%.
Institutional Investors Weigh In On Wintrust Financial A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Wintrust Financial by 0.
8% during the fourth quarter. Vanguard Group Inc. now owns 6,911,488 shares of the bank’s stock valued at $861,932,000 after acquiring an additional 58,162 shares during the period.
Earnest Partners LLC acquired a new position in shares of Wintrust Financial during the fourth quarter worth about $163,767,000. Principal Financial Group Inc. lifted its stake in shares of Wintrust Financial by 11.
3% during the third quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock worth $141,981,000 after purchasing an additional 133,311 shares in the last quarter.
First Trust Advisors LP lifted its stake in shares of Wintrust Financial by 36.5% during the fourth quarter. First Trust Advisors LP now owns 1,263,837 shares of the bank’s stock worth $157,613,000 after purchasing an additional 337,763 shares in the last quarter.
Finally, Geode Capital Management LLC lifted its stake in shares of Wintrust Financial by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,165,898 shares of the bank’s stock worth $145,443,000 after purchasing an additional 10,172 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. Featured Stories 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.
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