Wintrust Financial (NASDAQ:WTFC) Insider Sells $82,260.36 in Stock

Wintrust Financial Corporation (NASDAQ:WTFC) insider David Eric Lee sold 558 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $147.42, for a total transaction of $82,260.36. Following the sale, the insider owned 16,085 shares of the company’s stock, valued at approximately $2,371,250.70. This represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Wintrust Financial Stock Up 4.2%

Shares of NASDAQ WTFC traded up $6.33 during mid-day trading on Tuesday, reaching $156.04. The company had a trading volume of 1,020,839 shares, compared to its average volume of 515,793. The stock has a market capitalization of $10.45 billion, a PE ratio of 13.69 and a beta of 0.88. Wintrust Financial Corporation has a twelve month low of $89.10 and a twelve month high of $156.16. 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 stock’s 50 day moving average is $142.57 and its 200-day moving average is $134.96.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Tuesday, January 20th. The bank reported $3.15 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.22. The company had revenue of $586.67 million for the quarter, compared to analyst estimates of $700.85 million. Wintrust Financial had a return on equity of 12.95% and a net margin of 19.48%.During the same period in the prior year, the firm posted $2.63 EPS. As a group, equities analysts anticipate that Wintrust Financial Corporation will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th will be issued a dividend of $0.55 per share. The ex-dividend date is Thursday, February 5th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.50. Wintrust Financial’s payout ratio is 19.30%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Choreo LLC grew its stake in shares of Wintrust Financial by 3.4% in the fourth quarter. Choreo LLC now owns 2,121 shares of the bank’s stock worth $299,000 after acquiring an additional 69 shares during the last quarter. GAMMA Investing LLC grew its position in Wintrust Financial by 4.6% in the 4th quarter. GAMMA Investing LLC now owns 1,755 shares of the bank’s stock worth $245,000 after purchasing an additional 77 shares during the last quarter. First Horizon Advisors Inc. grew its position in Wintrust Financial by 14.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 689 shares of the bank’s stock worth $86,000 after purchasing an additional 86 shares during the last quarter. Cresset Asset Management LLC raised its position in shares of Wintrust Financial by 2.4% during the third quarter. Cresset Asset Management LLC now owns 3,730 shares of the bank’s stock valued at $494,000 after buying an additional 88 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in shares of Wintrust Financial by 19.0% during the second quarter. Bessemer Group Inc. now owns 600 shares of the bank’s stock valued at $74,000 after buying an additional 96 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Citigroup raised their target price on Wintrust Financial from $167.00 to $178.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Royal Bank Of Canada raised their price objective on Wintrust Financial from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Piper Sandler boosted their target price on Wintrust Financial from $161.00 to $184.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. DA Davidson lifted their price target on shares of Wintrust Financial from $165.00 to $172.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Wintrust Financial in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.