Wintrust Financial Corp (NASDAQ:WTFC) CFO David L. Stoehr sold 5,268 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $87.59, for a total value of $461,424.12. Following the sale, the chief financial officer now owns 11,347 shares in the company, valued at approximately $993,883.73. The sale was disclosed in a filing with the SEC, which is available through this link.
Wintrust Financial Corp (WTFC) opened at $86.66 on Friday. The firm has a market capitalization of $4,807.41 and a P/E ratio of 19.70. Wintrust Financial Corp has a 52 week low of $64.14 and a 52 week high of $89.34. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 1.01.
Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Monday, January 22nd. The bank reported $1.17 EPS for the quarter, topping the consensus estimate of $1.13 by $0.04. The firm had revenue of $300.14 million during the quarter, compared to the consensus estimate of $299.47 million. Wintrust Financial had a return on equity of 9.49% and a net margin of 20.35%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.94 earnings per share. analysts anticipate that Wintrust Financial Corp will post 5.56 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Thursday, February 8th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.88%. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, February 7th. Wintrust Financial’s dividend payout ratio (DPR) is presently 12.73%.
Several equities research analysts recently commented on the company. DA Davidson upped their target price on Wintrust Financial to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. BidaskClub raised Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. SunTrust Banks reaffirmed a “hold” rating and set a $94.00 price target on shares of Wintrust Financial in a research note on Tuesday, January 9th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $86.00 price target on shares of Wintrust Financial in a research note on Tuesday, January 9th. Finally, Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Saturday, January 6th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $87.56.
Several institutional investors and hedge funds have recently modified their holdings of WTFC. Amalgamated Bank increased its position in shares of Wintrust Financial by 9.1% during the second quarter. Amalgamated Bank now owns 7,892 shares of the bank’s stock valued at $603,000 after acquiring an additional 657 shares during the last quarter. Thrivent Financial For Lutherans increased its position in shares of Wintrust Financial by 14.5% during the second quarter. Thrivent Financial For Lutherans now owns 11,300 shares of the bank’s stock valued at $864,000 after acquiring an additional 1,430 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Wintrust Financial by 7.7% during the second quarter. Vanguard Group Inc. now owns 4,586,706 shares of the bank’s stock valued at $350,607,000 after acquiring an additional 327,529 shares during the last quarter. Suntrust Banks Inc. increased its position in shares of Wintrust Financial by 0.7% during the second quarter. Suntrust Banks Inc. now owns 7,307 shares of the bank’s stock valued at $558,000 after acquiring an additional 49 shares during the last quarter. Finally, Balyasny Asset Management LLC increased its position in shares of Wintrust Financial by 4.7% during the second quarter. Balyasny Asset Management LLC now owns 78,043 shares of the bank’s stock valued at $5,966,000 after acquiring an additional 3,505 shares during the last quarter. 91.22% of the stock is owned by institutional investors.
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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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