Wintrust Financial (WTFC) Reaches New 1-Year High and Low After Insider Buying Activity

Wintrust Financial Co. (NASDAQ:WTFC) shares hit a new 52-week high and low during mid-day trading on Tuesday following insider buying activity. The stock traded as low as $93.55 and last traded at $91.68, with a volume of 229598 shares traded. The stock had previously closed at $92.02.

Specifically, Director Gary D. Sweeney purchased 330 shares of the business’s stock in a transaction that occurred on Thursday, April 19th. The stock was acquired at an average cost of $90.59 per share, with a total value of $29,894.70. Following the completion of the acquisition, the director now directly owns 3,345 shares of the company’s stock, valued at approximately $303,023.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Richard B. Murphy sold 1,795 shares of Wintrust Financial stock in a transaction dated Friday, April 20th. The shares were sold at an average price of $90.99, for a total value of $163,327.05. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 338 shares of company stock valued at $30,332 and sold 35,771 shares valued at $3,144,593. Insiders own 1.57% of the company’s stock.

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A number of research analysts recently issued reports on the company. Wedbush lifted their price target on Wintrust Financial from $98.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, April 17th. BidaskClub raised Wintrust Financial from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a report on Saturday, April 14th. Hovde Group set a $95.00 price objective on Wintrust Financial and gave the stock a “hold” rating in a report on Monday. Finally, FIG Partners raised Wintrust Financial from a “market perform” rating to an “outperform” rating in a report on Friday, February 9th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $92.70.

The firm has a market capitalization of $5,176.72, a price-to-earnings ratio of 20.93, a PEG ratio of 1.17 and a beta of 0.83. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.01 and a quick ratio of 1.00.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Monday, April 16th. The bank reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.12. The company had revenue of $310.76 million during the quarter, compared to analyst estimates of $302.62 million. Wintrust Financial had a return on equity of 10.00% and a net margin of 21.18%. The company’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.00 EPS. equities analysts anticipate that Wintrust Financial Co. will post 5.81 EPS for the current year.

Institutional investors have recently bought and sold shares of the company. Cerebellum GP LLC acquired a new position in shares of Wintrust Financial during the 4th quarter worth about $126,000. Trust Co. of Toledo NA OH acquired a new position in shares of Wintrust Financial during the 4th quarter worth about $200,000. Brown Advisory Inc. acquired a new position in shares of Wintrust Financial during the 4th quarter worth about $213,000. Castleark Management LLC acquired a new position in shares of Wintrust Financial during the 4th quarter worth about $231,000. Finally, Exane Derivatives grew its position in shares of Wintrust Financial by 79.2% during the 4th quarter. Exane Derivatives now owns 2,971 shares of the bank’s stock worth $245,000 after buying an additional 1,313 shares during the period. Institutional investors own 90.61% of the company’s stock.

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About Wintrust Financial

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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