Wintrust Financial (NASDAQ:WTFC) Director Sells $74,480.00 in Stock

Wintrust Financial Corporation (NASDAQ:WTFC) Director Suzet Mckinney sold 500 shares of Wintrust Financial stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $148.96, for a total transaction of $74,480.00. Following the completion of the sale, the director owned 3,303 shares of the company’s stock, valued at $492,014.88. This trade represents a 13.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Wintrust Financial Stock Up 0.3%

NASDAQ:WTFC opened at $151.64 on Friday. Wintrust Financial Corporation has a 52 week low of $114.73 and a 52 week high of $162.96. The stock’s fifty day moving average is $142.24 and its two-hundred day moving average is $141.29. The stock has a market capitalization of $10.23 billion, a price-to-earnings ratio of 12.71 and a beta of 0.86. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Monday, April 20th. The bank reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.96 by $0.26. The business had revenue of $713.17 million during the quarter, compared to analysts’ expectations of $707.23 million. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The company’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.69 earnings per share. Research analysts anticipate that Wintrust Financial Corporation will post 13.07 EPS for the current year.

Wintrust Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, May 14th. Wintrust Financial’s payout ratio is currently 18.44%.

Hedge Funds Weigh In On Wintrust Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Choreo LLC raised its holdings in Wintrust Financial by 3.4% in the fourth quarter. Choreo LLC now owns 2,121 shares of the bank’s stock valued at $299,000 after acquiring an additional 69 shares in the last quarter. Parallel Advisors LLC grew its holdings in Wintrust Financial by 7.7% during the 1st quarter. Parallel Advisors LLC now owns 976 shares of the bank’s stock worth $136,000 after acquiring an additional 70 shares in the last quarter. MeadowBrook Investment Advisors LLC increased its position in shares of Wintrust Financial by 3.0% in the 1st quarter. MeadowBrook Investment Advisors LLC now owns 2,545 shares of the bank’s stock valued at $354,000 after purchasing an additional 75 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Wintrust Financial by 4.6% in the 4th quarter. GAMMA Investing LLC now owns 1,755 shares of the bank’s stock valued at $245,000 after purchasing an additional 77 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in shares of Wintrust Financial by 0.9% in the 4th quarter. Quadrant Capital Group LLC now owns 8,914 shares of the bank’s stock valued at $1,246,000 after purchasing an additional 83 shares in the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WTFC has been the topic of several research reports. Barclays increased their price target on shares of Wintrust Financial from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. TD Cowen lifted their price objective on shares of Wintrust Financial from $173.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Truist Financial cut their target price on shares of Wintrust Financial from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Citigroup increased their target price on shares of Wintrust Financial from $178.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, UBS Group reissued a “buy” rating and issued a $176.00 price target on shares of Wintrust Financial in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $168.92.

About Wintrust Financial

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.