Wintrust Financial Co. (NASDAQ:WTFC – Get Free Report) declared a quarterly dividend on Thursday, July 25th, NASDAQ reports. Shareholders of record on Thursday, August 8th will be given a dividend of 0.45 per share by the bank on Thursday, August 22nd. This represents a $1.80 annualized dividend and a yield of 1.63%. The ex-dividend date is Thursday, August 8th.
Wintrust Financial has increased its dividend payment by an average of 12.6% annually over the last three years and has increased its dividend annually for the last 11 consecutive years. Wintrust Financial has a payout ratio of 17.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Wintrust Financial to earn $10.20 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 17.6%.
Wintrust Financial Price Performance
Shares of WTFC stock traded up $1.26 during trading hours on Friday, hitting $110.13. The company’s stock had a trading volume of 402,586 shares, compared to its average volume of 384,313. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.85. The business has a fifty day moving average of $98.97 and a 200-day moving average of $98.27. Wintrust Financial has a twelve month low of $71.86 and a twelve month high of $113.68. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of 11.40 and a beta of 1.18.
Analysts Set New Price Targets
Several brokerages recently weighed in on WTFC. Citigroup cut their target price on shares of Wintrust Financial from $115.00 to $113.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. Piper Sandler upped their price objective on shares of Wintrust Financial from $113.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Truist Financial increased their price target on Wintrust Financial from $107.00 to $118.00 and gave the stock a “buy” rating in a research note on Monday. StockNews.com upgraded Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. Finally, DA Davidson raised their price target on Wintrust Financial from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Three investment analysts have rated the stock with 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $117.85.
Get Our Latest Report on Wintrust Financial
Wintrust Financial Company Profile
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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