Ready to Jump After Recent Trade: Wintrust Financial Corporation (WTFC)

Wintrust Financial Corporation (NASDAQ: WTFC) stock fell -0.77% on Tuesday to $66.77 against a previous-day closing price of $67.29. With 0.56 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.66 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $68.99 whereas the lowest price it dropped to was $66.67. The 52-week range on WTFC shows that it touched its highest point at $97.81 and its lowest point at $57.48 during that stretch. It currently has a 1-year price target of $86.92. With its current market cap of 4.15 billion, WTFC has annualized dividend of $1.60 while the current yield stands at 2.40%. Beta for the stock currently stands at 1.17.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WTFC was up-trending over the past week, with a rise of 8.02%, but this was down by -3.98% over a month. Three-month performance dropped to -26.87% while six-month performance fell -24.59%. The stock lost -18.00% in the past year, while it has lost -21.00% so far this year. A look at the trailing 12-month EPS for WTFC yields 8.72 with Next year EPS estimates of 9.37. For the next quarter, that number is 2.42. This implies an EPS growth rate of 5.70% for this year and -5.97% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 13.40%.

Float and Shares Shorts:

At present, 60.95 million WTFC shares are outstanding with a float of 59.98 million shares on hand for trading. On Apr 27, 2023, short shares totaled 1.26 million, which was 2.05% higher than short shares on Mar 30, 2023. In addition to Mr. Edward Joseph Wehmer as the firm’s Exec. Chairman & Founder, Mr. Timothy S. Crane serves as its CEO, Pres & Director.

Institutional Ownership:

Through their ownership of 95.99% of WTFC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 59.74% of WTFC, in contrast to 41.03% held by mutual funds. Shares owned by individuals account for 3.71%. As the largest shareholder in WTFC with 10.66% of the stake, The Vanguard Group, Inc. holds 5,996,829 shares worth 5,996,829. A second-largest stockholder of WTFC, BlackRock Fund Advisors, holds 5,402,471 shares, controlling over 9.60% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in WTFC, holding 3,114,261 shares or 5.54% stake. With a 3.37% stake in WTFC, the iShares Core S&P Mid Cap ETF is the largest stakeholder. A total of 1,896,186 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.32% of WTFC stock, is the second-largest Mutual Fund holder. It holds 1,867,998 shares valued at 127.72 million. Vanguard Small Cap Index Fund holds 2.83% of the stake in WTFC, owning 1,590,891 shares worth 108.77 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WTFC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With WTFC analysts setting a high price target of $97.00 and a low target of $75.00, the average target price over the next 12 months is $87.92. Based on these targets, WTFC could surge 45.27% to reach the target high and rise by 12.33% to reach the target low. Reaching the average price target will result in a growth of 31.68% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Dividends & Yield:

In terms of dividends, WTFC has a current ratio of $1.6, which is $1.6 over the trailing 12-months, while a dividend of $1.08 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and WTFC currently yields $2.22. In the past year, WTFC’s dividend yield has been $2.22, but when looking at the stock over the past five years, its yield has been $1.56. Accordingly, WTFC has a current buyback yield of $0.0. This was $0.0 for the TTM, and it was $0.59 for the past five years.

Summary of Insider Activity:

Insiders traded WTFC stock several times over the past three months with 11 Buys and 7 Sells. In these transactions, 12,018 shares were bought while 21,527 shares were sold. The number of buy transactions has increased to 56 while that of sell transactions has risen to 14 over the past year. The total number of shares bought during that period was 125,134 while 44,296 shares were sold.

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