Truist Securities has maintained a Buy recommendation for Wintrust Financial (NASDAQ:WTFC), as reported on Thursday. The financial holding company, which boasts over $43 billion in assets, has been given an average one-year price target of $97.84, indicating a potential increase of 31.11% from its current closing price.
According to InvestingPro's real-time metrics, the company has a market capitalization of $4630M USD and an attractive P/E ratio of 7.72, which is lower relative to its near-term earnings growth, as per InvestingPro Tips. The company's Revenue Growth has also been accelerating, with a recorded 19.87% increase LTM2023.Q2 and a quarterly growth of 26.58% FY2023.Q2.
The company's projected annual revenue and non-GAAP EPS were also discussed, though specific figures were not disclosed. Additionally, Wintrust Financial declared a dividend of $0.40 per share. The context provided by Truist Securities includes a review of the company's historical dividend yield and payout ratio. According to InvestingPro Tips, the company has a strong earnings record that should allow management to continue dividend payments. In fact, Wintrust Financial has raised its dividend for 9 consecutive years and maintained dividend payments for 24 consecutive years.
The sentiment towards Wintrust Financial among funds was also explored. Significant shareholders identified include Jpmorgan Chase, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, IJH - iShares Core S&P Mid-Cap ETF, Victory Capital Management, and NAESX - Vanguard Small-Cap Index Fund Investor Shares.
Wintrust Financial's upcoming earnings date is set for October 18, 2023, and analysts predict the company will be profitable this year. The company's fair value, according to InvestingPro, stands at $84.92 USD, slightly lower than the analyst targets of $94 USD.
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