Media headlines about Wintrust Financial (NASDAQ:WTFC) have been trending somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Wintrust Financial earned a news impact score of 0.09 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 46.757358530771 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
Shares of Wintrust Financial (WTFC) traded down $0.58 during midday trading on Thursday, hitting $81.22. 463,100 shares of the company’s stock were exchanged, compared to its average volume of 398,900. Wintrust Financial has a fifty-two week low of $64.14 and a fifty-two week high of $86.80. The company has a market capitalization of $4,574.52, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 1.38 and a beta of 0.83. The company has a quick ratio of 0.99, a current ratio of 1.01 and a debt-to-equity ratio of 0.40.
Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.04. Wintrust Financial had a net margin of 19.74% and a return on equity of 9.32%. The company had revenue of $295.70 million during the quarter, compared to the consensus estimate of $298.96 million. During the same quarter last year, the firm earned $0.92 earnings per share. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. research analysts forecast that Wintrust Financial will post 4.38 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Thursday, November 9th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Wednesday, November 8th. Wintrust Financial’s dividend payout ratio is currently 13.43%.
A number of brokerages have issued reports on WTFC. SunTrust Banks reaffirmed a “hold” rating and issued a $88.00 price target on shares of Wintrust Financial in a report on Wednesday, November 29th. Zacks Investment Research cut Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 18th. Royal Bank of Canada restated a “buy” rating and set a $84.00 price target on shares of Wintrust Financial in a research report on Friday, October 20th. Finally, Keefe, Bruyette & Woods restated a “buy” rating on shares of Wintrust Financial in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $82.50.
In related news, insider Leona A. Gleason sold 8,441 shares of Wintrust Financial stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $80.78, for a total transaction of $681,863.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gary D. Sweeney bought 338 shares of the stock in a transaction that occurred on Tuesday, October 24th. The shares were purchased at an average price of $80.58 per share, for a total transaction of $27,236.04. Following the purchase, the director now owns 2,973 shares in the company, valued at approximately $239,564.34. The disclosure for this purchase can be found here. Insiders sold 44,500 shares of company stock worth $3,563,512 in the last 90 days. 2.00% of the stock is currently owned by corporate insiders.
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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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