Fintel reports that on October 20, 2023, Truist Securities maintained coverage of Wintrust Financial (NASDAQ:WTFC) with a Buy recommendation.
Analyst Price Forecast Suggests 27.26% Upside
As of October 5, 2023, the average one-year price target for Wintrust Financial is 94.35. The forecasts range from a low of 84.84 to a high of $105.00. The average price target represents an increase of 27.26% from its latest reported closing price of 74.14.
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The projected annual revenue for Wintrust Financial is 2,399MM, an increase of 12.55%. The projected annual non-GAAP EPS is 10.67.
Wintrust Financial Declares $0.40 Dividend
On July 27, 2023 the company declared a regular quarterly dividend of $0.40 per share ($1.60 annualized). Shareholders of record as of August 10, 2023 received the payment on August 24, 2023. Previously, the company paid $0.40 per share.
At the current share price of $74.14 / share, the stock's dividend yield is 2.16%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.77%, the lowest has been 0.98%, and the highest has been 3.78%. The standard deviation of yields is 0.51 (n=235).
The current dividend yield is 0.76 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.15. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.43%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 797 funds or institutions reporting positions in Wintrust Financial. This is a decrease of 88 owner(s) or 9.94% in the last quarter. Average portfolio weight of all funds dedicated to WTFC is 0.30%, an increase of 10.34%. Total shares owned by institutions increased in the last three months by 1.13% to 68,931K shares. 
The put/call ratio of WTFC is 0.26, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 1,955K shares representing 3.19% ownership of the company. In it's prior filing, the firm reported owning 1,914K shares, representing an increase of 2.11%. The firm increased its portfolio allocation in WTFC by 622.41% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,886K shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 1,868K shares, representing an increase of 0.93%. The firm decreased its portfolio allocation in WTFC by 7.29% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 1,856K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 1,875K shares, representing a decrease of 0.99%. The firm decreased its portfolio allocation in WTFC by 5.58% over the last quarter.
Victory Capital Management holds 1,832K shares representing 2.99% ownership of the company. In it's prior filing, the firm reported owning 1,798K shares, representing an increase of 1.85%. The firm decreased its portfolio allocation in WTFC by 1.12% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 1,580K shares representing 2.58% ownership of the company. In it's prior filing, the firm reported owning 1,591K shares, representing a decrease of 0.72%. The firm decreased its portfolio allocation in WTFC by 5.96% over the last quarter.
Wintrust Financial Background Information
(This description is provided by the company.)
Wintrust is a financial holding company with assets of over $43 billion. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries, with over 180 banking locations located in the greater Chicago and southern Wisconsin market areas. Additionally, Wintrust operates various non-bank business units including business units which provide commercial and life insurance premium financing in the United States, a premium finance company operating in Canada, a company providing short-term accounts receivable financing and value-added out-sourced administrative services to the temporary staffing services industry, a business unit engaging primarily in the origination and purchase of residential mortgages for sale into the secondary market throughout the United States, and companies providing wealth management services and qualified intermediary services for tax-deferred exchanges.
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