Wintrust Financial Co. (NASDAQ:WTFC) Director Gary D. Sweeney bought 330 shares of the stock in a transaction on Thursday, April 19th. The shares were acquired at an average cost of $90.59 per share, for a total transaction of $29,894.70. Following the acquisition, the director now directly owns 3,345 shares in the company, valued at $303,023.55. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Wintrust Financial stock opened at $92.02 on Tuesday. The firm has a market capitalization of $5,120.47, a PE ratio of 20.91, a PEG ratio of 1.16 and a beta of 0.83. Wintrust Financial Co. has a fifty-two week low of $67.74 and a fifty-two week high of $92.50. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53.
Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Monday, April 16th. The bank reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.12. The firm had revenue of $310.76 million for the quarter, compared to analysts’ expectations of $302.62 million. Wintrust Financial had a net margin of 21.18% and a return on equity of 10.00%. The business’s quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 earnings per share. sell-side analysts anticipate that Wintrust Financial Co. will post 5.81 earnings per share for the current year.
WTFC has been the topic of a number of analyst reports. ValuEngine raised shares of Wintrust Financial from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Zacks Investment Research raised shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Saturday, March 31st. BidaskClub raised shares of Wintrust Financial from a “hold” rating to a “buy” rating in a report on Friday, March 9th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $100.00 target price on shares of Wintrust Financial in a report on Tuesday, February 27th. Finally, Piper Jaffray reissued a “hold” rating and set a $86.00 target price on shares of Wintrust Financial in a report on Tuesday, January 9th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Wintrust Financial presently has an average rating of “Hold” and a consensus price target of $92.70.
Several institutional investors have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. increased its holdings in shares of Wintrust Financial by 18.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 4,377 shares of the bank’s stock worth $361,000 after purchasing an additional 669 shares during the period. Aperio Group LLC increased its holdings in shares of Wintrust Financial by 8.0% in the fourth quarter. Aperio Group LLC now owns 10,383 shares of the bank’s stock worth $855,000 after purchasing an additional 770 shares during the period. Wayne Hummer Investments L.L.C. increased its holdings in shares of Wintrust Financial by 26.9% in the fourth quarter. Wayne Hummer Investments L.L.C. now owns 3,813 shares of the bank’s stock worth $314,000 after purchasing an additional 808 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Wintrust Financial by 23.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,678 shares of the bank’s stock worth $385,000 after purchasing an additional 897 shares during the period. Finally, Sit Investment Associates Inc. increased its holdings in shares of Wintrust Financial by 8.6% in the fourth quarter. Sit Investment Associates Inc. now owns 13,860 shares of the bank’s stock worth $1,142,000 after purchasing an additional 1,095 shares during the period. 90.61% of the stock is currently owned by hedge funds and other institutional investors.
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Wintrust Financial Company Profile
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), Internet banking, and other services.
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