The Vanguard Group, Inc. recently announced the acquisition of new stake in Wintrust Financial Corp. (NASDAQ:WTFC). The institutional investor has increased its shareholding in the Financial company by 0.05% to 6.1 million shares with purchase of 2847.0 shares. This fresh investment now brings its stake to 9.97% valued currently at $565.96 million. In addition, Fidelity Management & Research Co raised its holdings by 0.39 million to 3.85 million shares. And Dimensional Fund Advisors LP has lifted its position by 3.73% or 0.1 million shares – to 2.79 million shares.
With over 0.48 million Wintrust Financial Corp. (WTFC) shares trading Friday and a closing price of $93.99 on the day, the dollar volume was approximately $45.53 million. The shares have shown a positive half year performance of 22.83% and its price on 01/12/24 lost nearly -1.16%. Currently, there are 60.79M common shares owned by the public and among those 60.33M shares have been available to trade.
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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 $105.17. The analysts have set the share’s price value over the next 12 months at a high of $112.00 and a low of $92.00. The average price target is 10.63% above its recent price level and a downside to the estimated low will see the stock lose -2.16% over that period. But an upside of 16.08% will see the stock hit the forecast high price target while median target price for the stock is $106.00.
Insiders at the company have transacted a total of 62 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 51 of these insider trades were purchases, accounting for 116,997 shares. Insider sales of the common stock occurred on 11 occasions, with total insider shares sold totaling 37,611 shares.
The top 3 mutual fund holders in Wintrust Financial Corp. are Vanguard Total Stock Market ETF, iShares Core S&P Mid Cap ETF, and Vanguard Small Cap Index Fund. Vanguard Total Stock Market ETF owns 1.91 million shares of the company’s stock, all valued at over $177.26 million. The company bought an additional 2391.0 shares recently to bring their total holdings to about 3.12% of the shares outstanding. iShares Core S&P Mid Cap ETF bought 1685.0 shares to see its total holdings expand to 1.86 million shares valued at over $172.57 million and representing 3.04% of the shares outstanding. Vanguard Small Cap Index Fund bought 6872.0 shares to bring its total holdings to over 1.59 million shares at a value of $147.07 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.59% of the shares outstanding.
Shares of Wintrust Financial Corp. (NASDAQ: WTFC) opened at $95.44, up $0.35 from a prior closing price of $95.09. The company’s stock has a 5-day price change of 2.44% and 25.77% over the past three months. WTFC shares are trading 1.34% year to date (YTD), with the 12-month market performance up to 9.41% higher. It has a 12-month low price of $57.48 and touched a high of $98.22 over the same period. WTFC has an average intraday trading volume of 422.95K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.68%, 7.18%, and 21.86% respectively.
Institutional ownership of Wintrust Financial Corp. (NASDAQ: WTFC) shares accounts for 93.28% of the company’s 60.79M shares outstanding. Mutual fund holders own 33.61%, while other institutional holders and individual stakeholders account for 60.23% and 3.44% respectively.
It has a market capitalization of $5.76B and a beta (3y monthly) value of 1.22. The stock’s trailing 12-month PE ratio is 9.46, while the earnings-per-share (ttm) stands at $9.94. The company has a PEG of 0.95 and the debt-to-equity ratio at 0.73. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.29% over the week and 2.32% over the month.
Analysts forecast that Wintrust Financial Corp. (WTFC) will achieve an EPS of $2.49 for the current quarter, $2.38 for the next quarter and $9.65 for 2024. The lowest estimate earnings-per-share for the quarter is $2.19 while analysts give the company a high EPS estimate of $2.66. Comparatively, EPS for the current quarter was $2.23 a year ago. Earnings per share for the fiscal year are expected to increase by 26.28%, and -4.79% over the next financial year. EPS should shrink at an annualized rate of 10.00% over the next five years, compared to 12.74% 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 Corp. (WTFC) as a “Strong Buy” at a consensus score of 1.00. Specifically, 12 Wall Street analysts polled rate the stock as a buy, while 0 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. Citigroup stated their Buy rating for the stock in a research note on December 01, 2023, with the firm’s price target at $101.
