Wintrust Financial Corporation (NASDAQ: WTFC): The Best-Of-Breed For Investing?

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The Vanguard Group, Inc. recently announced the acquisition of new stake in Wintrust Financial Corporation (NASDAQ:WTFC). The institutional investor has increased its shareholding in the Financial company by 1.42% to 5.31 million shares with purchase of 74248.0 shares. This fresh investment now brings its stake to 9.43% valued currently at $231.41 million. In addition, Dimensional Fund Advisors LP raised its holdings by 0.2 million to 2.21 million shares. And Wellington Management Co. LLP has lifted its position by 9.62% or 0.13 million shares – to 1.52 million shares.

With over 0.24 million Wintrust Financial Corporation (WTFC) shares trading Thursday and a closing price of $42.80 on the day, the dollar volume was approximately $10.07 million. The shares have shown a positive weekly performance of 10.88% and its price on 07/16/20 lost nearly -0.60%. Currently, there are 57.62M common shares owned by the public and among those 56.84M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 12 analysts who have offered their price forecasts for WTFC have a consensus price objective of $48.50. The analysts have set the share’s price value over the next 12 months at a high of $60.00 and a low of $35.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Wintrust Financial Corporation stock is 1.90 for the next 12 months. The average price target is 10.83% above its last price level and an upside to the estimated low will see the stock lose -22.29% over that period. But an upside of 28.67% will see the stock hit the forecast high price target while mean target price for the stock is $47.50.

Insiders at the company have transacted a total of 84 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 70 of these insider trades were purchases, accounting for 85,157 shares. Insider sales of the common stock occurred on 14 occasions, with total insider shares sold totaling 23,150 shares.

The top 3 mutual fund holders in Wintrust Financial Corporation are Vanguard Total Stock Market Index, iShares Core S&P Mid Cap ETF, and Vanguard Small Cap Index Fund. Vanguard Total Stock Market Index owns 1.65 million shares of the company’s stock, all valued at over $71.93 million. The company sold 1085.0 shares recently to bring their total holdings to about 2.93% of the shares outstanding. Vanguard Small Cap Index Fund sold 9114.0 shares to bring its total holdings to over 1.48 million shares at a value of $64.45 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.63% of the shares outstanding.

Shares of Wintrust Financial Corporation (NASDAQ: WTFC) opened at $42.35, down -$0.71 from a prior closing price of $43.06. However, the script later closed the day at $42.80, down -0.60%. The company’s stock has a 5-day price change of 10.88% and 45.58% over the past three months. WTFC shares are trading -39.63% year to date (YTD), with the 12-month market performance down to -34.85% lower. It has a 12-month low price of $22.02 and touched a high of $72.51 over the same period. Currently, 0.24 million shares have been traded, compared to an average intraday trading volume of 625.92K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.09%, 2.01%, and -19.99% respectively.

Institutional ownership of Wintrust Financial Corporation (NASDAQ: WTFC) shares accounts for 92.90% of the company’s 57.62M shares outstanding. Mutual fund holders own 37.30%, while other institutional holders and individual stakeholders account for 56.72% and 3.24% respectively.

It has a market capitalization of $2.34B and a beta (3y monthly) value of 1.60. The stock’s trailing 12-month PE ratio is 7.71, while the earnings-per-share (ttm) stands at $5.55. The company has a PEG of 0.77 and the debt-to-equity ratio at 0.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.13% over the week and 5.49% over the month.

Analysts forecast that Wintrust Financial Corporation (WTFC) will achieve an EPS of $0.73 for the current quarter, $1.2 for the next quarter and $3.44 for 2021. The lowest estimate earnings-per-share for the quarter is $0.02 while analysts give the company a high EPS estimate of $1.14. Comparatively, EPS for the current quarter was $1.38 a year ago. Earnings per share for the fiscal year are expected to increase by 3.40%, and -13.59% over the next financial year. EPS should shrink at an annualized rate of 10.00% over the next five years, compared to 15.20% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 12 brokerage firm advisors rate Wintrust Financial Corporation (WTFC) as a “Strong Buy” at a consensus score of 1.90. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 4 of the 12 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the WTFC, a number of firms have released research notes about the stock. Raymond James stated their Strong Buy rating for the stock in a research note on April 06, 2020, with the firm’s price target at $52-$50. Keefe Bruyette coverage for the Wintrust Financial Corporation (WTFC) stock in a research note released on January 23, 2020 offered a Mkt Perform rating with a price target of. Keefe Bruyette was of a view on January 22, 2020 that the stock is Mkt Perform, while Piper Sandler gave the stock Neutral rating on January 14, 2020, issuing a price target of $72. Raymond James on their part issued Outperform rating on August 29, 2019.

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