Wintrust Financial Co. (NASDAQ:WTFC) CFO Sells $182,330.22 in Stock

Wintrust Financial Co. (NASDAQ:WTFC) CFO David L. Stoehr sold 1,607 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total value of $182,330.22. Following the completion of the sale, the chief financial officer now owns 14,874 shares of the company’s stock, valued at $1,687,604.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Wintrust Financial Trading Down 1.0 %

NASDAQ WTFC opened at $113.02 on Monday. The stock’s 50 day moving average is $107.69 and its 200 day moving average is $102.35. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $6.98 billion, a PE ratio of 11.69 and a beta of 1.16. Wintrust Financial Co. has a twelve month low of $72.14 and a twelve month high of $117.77.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The business had revenue of $615.73 million during the quarter, compared to analysts’ expectations of $623.45 million. During the same period in the prior year, the company earned $2.53 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. Research analysts forecast that Wintrust Financial Co. will post 10.11 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.80 annualized dividend and a dividend yield of 1.59%. Wintrust Financial’s payout ratio is 18.61%.

Analyst Ratings Changes

A number of equities research analysts recently commented on WTFC shares. Keefe, Bruyette & Woods lowered shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and upped their price target for the company from $110.00 to $115.00 in a report on Friday, July 19th. Wedbush reaffirmed an “outperform” rating and set a $130.00 price objective on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Raymond James raised their target price on Wintrust Financial from $125.00 to $135.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group lowered their price target on Wintrust Financial from $118.00 to $116.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. Finally, Royal Bank of Canada lifted their price objective on Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 9th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Wintrust Financial currently has an average rating of “Moderate Buy” and a consensus target price of $123.00.

Institutional Trading of Wintrust Financial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Concord Wealth Partners bought a new stake in Wintrust Financial in the first quarter worth $26,000. Versant Capital Management Inc raised its position in shares of Wintrust Financial by 825.0% in the 2nd quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock worth $29,000 after purchasing an additional 264 shares during the last quarter. International Assets Investment Management LLC bought a new position in Wintrust Financial in the 3rd quarter worth about $35,000. UMB Bank n.a. boosted its stake in Wintrust Financial by 62.0% in the 3rd quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock worth $56,000 after purchasing an additional 196 shares in the last quarter. Finally, Whittier Trust Co. increased its stake in Wintrust Financial by 138.8% during the 1st quarter. Whittier Trust Co. now owns 578 shares of the bank’s stock valued at $60,000 after purchasing an additional 336 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Company Profile

Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services.