Wintrust Financial (WTFC) Rating Increased to Outperform at FIG Partners
FIG Partners upgraded shares of Wintrust Financial (NASDAQ:WTFC) from a market perform rating to an outperform rating in a research note published on Friday morning, Marketbeat Ratings reports. FIG Partners also issued estimates for Wintrust Financial’s Q2 2018 earnings at $1.41 EPS and Q3 2018 earnings at $1.49 EPS.
A number of other equities research analysts have also recently commented on WTFC. SunTrust Banks set a $79.00 target price on shares of Wintrust Financial and gave the stock a hold rating in a research note on Thursday, October 19th. Royal Bank of Canada restated a buy rating and set a $84.00 target price on shares of Wintrust Financial in a research note on Friday, October 20th. Zacks Investment Research cut shares of Wintrust Financial from a buy rating to a hold rating in a research note on Saturday, November 18th. Keefe, Bruyette & Woods restated a buy rating and set a $90.00 target price on shares of Wintrust Financial in a research note on Thursday, December 14th. Finally, BidaskClub cut shares of Wintrust Financial from a buy rating to a hold rating in a research note on Friday, December 15th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $88.67.
Wintrust Financial (WTFC) opened at $81.89 on Friday. Wintrust Financial has a one year low of $64.14 and a one year high of $89.34. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.43. The firm has a market cap of $4,579.63, a P/E ratio of 18.61, a PEG ratio of 1.10 and a beta of 0.85.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th will be issued a dividend of $0.19 per share. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.14. This represents a $0.76 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Wednesday, February 7th. Wintrust Financial’s dividend payout ratio (DPR) is 17.27%.
In other Wintrust Financial news, CFO David L. Stoehr sold 5,268 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $87.59, for a total transaction of $461,424.12. Following the completion of the sale, the chief financial officer now directly owns 11,347 shares of the company’s stock, valued at approximately $993,883.73. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP David A. Dykstra sold 11,235 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $87.56, for a total transaction of $983,736.60. Following the sale, the executive vice president now directly owns 39,365 shares of the company’s stock, valued at $3,446,799.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,676 shares of company stock valued at $2,687,566. Insiders own 1.97% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in WTFC. Cerebellum GP LLC purchased a new stake in Wintrust Financial during the 4th quarter valued at approximately $126,000. Meeder Asset Management Inc. purchased a new stake in Wintrust Financial during the 3rd quarter valued at approximately $183,000. Trust Co. of Toledo NA OH purchased a new stake in Wintrust Financial during the 4th quarter valued at approximately $200,000. Magnetar Financial LLC purchased a new stake in Wintrust Financial during the 3rd quarter valued at approximately $204,000. Finally, Csenge Advisory Group purchased a new stake in Wintrust Financial during the 3rd quarter valued at approximately $212,000. 90.41% of the stock is owned by institutional investors and hedge funds.
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About Wintrust Financial
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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