Wintrust Financial Corporation (NASDAQ:WTFC) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 995,311 shares, a drop of 27.4% from the October 31st total of 1,371,493 shares. Approximately 2.0% of the company’s shares are short sold. Based on an average daily volume of 193,758 shares, the days-to-cover ratio is currently 5.1 days.
WTFC has been the subject of several research reports. Zacks Investment Research upgraded Wintrust Financial from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Wednesday, September 27th. ValuEngine upgraded Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. SunTrust Banks set a $79.00 price objective on Wintrust Financial and gave the stock a “hold” rating in a research report on Thursday, October 19th. Keefe, Bruyette & Woods restated a “buy” rating on shares of Wintrust Financial in a research report on Tuesday, September 26th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $84.00 price objective on shares of Wintrust Financial in a research report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $82.50.
In other Wintrust Financial news, insider Leona A. Gleason sold 8,441 shares of the stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $80.78, for a total value of $681,863.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David A. Dykstra sold 22,476 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $79.86, for a total value of $1,794,933.36. Following the completion of the transaction, the executive vice president now owns 188,604 shares of the company’s stock, valued at $15,061,915.44. The disclosure for this sale can be found here. Insiders sold 44,500 shares of company stock valued at $3,563,512 over the last quarter. Corporate insiders own 1.97% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. acquired a new stake in Wintrust Financial during the second quarter worth approximately $121,000. Meeder Asset Management Inc. acquired a new stake in Wintrust Financial during the third quarter worth approximately $183,000. Magnetar Financial LLC acquired a new stake in Wintrust Financial during the third quarter worth approximately $204,000. Csenge Advisory Group acquired a new stake in Wintrust Financial during the third quarter worth approximately $212,000. Finally, Adviser Investments LLC acquired a new stake in Wintrust Financial during the third quarter worth approximately $214,000. 91.71% of the stock is owned by institutional investors and hedge funds.
Wintrust Financial (WTFC) opened at $86.46 on Tuesday. Wintrust Financial has a 1 year low of $64.14 and a 1 year high of $86.64. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.99 and a current ratio of 1.01. The stock has a market capitalization of $4,830.00, a PE ratio of 20.04, a PEG ratio of 1.41 and a beta of 0.83.
Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.04. Wintrust Financial had a return on equity of 9.32% and a net margin of 19.74%. The company had revenue of $295.70 million during the quarter, compared to the consensus estimate of $298.96 million. During the same period last year, the company earned $0.92 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year. research analysts predict that Wintrust Financial will post 4.38 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Thursday, November 9th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.56 annualized dividend and a yield of 0.65%. Wintrust Financial’s dividend payout ratio is currently 13.43%.
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Wintrust Financial Company Profile
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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