Wintrust Financial (NASDAQ:WTFC) CFO David Stoehr Sells 2,499 Shares

Wintrust Financial Corporation (NASDAQ:WTFC) CFO David Stoehr sold 2,499 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $146.16, for a total value of $365,253.84. Following the completion of the sale, the chief financial officer owned 18,638 shares of the company’s stock, valued at $2,724,130.08. The trade was a 11.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Wintrust Financial Trading Up 1.8%

NASDAQ:WTFC traded up $2.64 during midday trading on Thursday, reaching $147.90. 430,959 shares of the stock traded hands, compared to its average volume of 489,503. The stock has a market capitalization of $9.90 billion, a P/E ratio of 12.97 and a beta of 0.88. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.99 and a current ratio of 1.00. The company has a fifty day moving average of $141.50 and a 200 day moving average of $134.57. Wintrust Financial Corporation has a 12 month low of $89.10 and a 12 month high of $155.99.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Tuesday, January 20th. The bank reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.93 by $0.22. The firm had revenue of $586.67 million for the quarter, compared to analysts’ expectations of $700.85 million. Wintrust Financial had a net margin of 19.48% and a return on equity of 12.95%. During the same quarter in the previous year, the company earned $2.63 earnings per share. On average, research analysts predict that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Thursday, February 5th will be issued a dividend of $0.55 per share. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.50. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, February 5th. Wintrust Financial’s dividend payout ratio is currently 17.54%.

Institutional Trading of Wintrust Financial

A number of institutional investors and hedge funds have recently modified their holdings of the business. First Trust Advisors LP boosted its holdings in shares of Wintrust Financial by 5.4% during the 3rd quarter. First Trust Advisors LP now owns 1,992,906 shares of the bank’s stock valued at $263,940,000 after acquiring an additional 102,833 shares during the last quarter. Earnest Partners LLC grew its position in shares of Wintrust Financial by 0.6% during the third quarter. Earnest Partners LLC now owns 1,442,018 shares of the bank’s stock worth $190,981,000 after purchasing an additional 8,048 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Wintrust Financial by 6.1% during the third quarter. Principal Financial Group Inc. now owns 1,300,234 shares of the bank’s stock valued at $172,204,000 after buying an additional 75,155 shares during the last quarter. Invesco Ltd. increased its holdings in Wintrust Financial by 9.0% in the 2nd quarter. Invesco Ltd. now owns 1,229,858 shares of the bank’s stock valued at $152,478,000 after acquiring an additional 101,134 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Wintrust Financial by 1.4% in the third quarter. Bank of America Corp DE now owns 1,071,763 shares of the bank’s stock worth $141,944,000 after buying an additional 15,044 shares in the last quarter. Institutional investors own 93.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on WTFC shares. TD Cowen upped their price objective on shares of Wintrust Financial from $170.00 to $177.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Royal Bank Of Canada raised their price objective on shares of Wintrust Financial from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Barclays lifted their price objective on Wintrust Financial from $178.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Wintrust Financial in a research report on Wednesday, January 21st. Finally, Truist Financial lifted their price target on Wintrust Financial from $158.00 to $170.00 and gave the company a “buy” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Wintrust Financial has an average rating of “Moderate Buy” and a consensus price target of $164.42.

Wintrust Financial Company Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.