Wintrust Financial Co. (NASDAQ:WTFC) shares hit a new 52-week high and low during trading on Thursday . The stock traded as low as $94.82 and last traded at $94.63, with a volume of 15626 shares. The stock had previously closed at $93.99.
Several research analysts have commented on the company. ValuEngine downgraded Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Thursday, May 3rd. BidaskClub downgraded Wintrust Financial from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 3rd. Hovde Group set a $95.00 target price on Wintrust Financial and gave the stock a “hold” rating in a research note on Monday, April 23rd. Wedbush upped their price objective on Wintrust Financial from $98.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, April 17th. Finally, 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 research note on Saturday, April 14th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $92.70.
The firm has a market capitalization of $5.33 billion, a PE ratio of 19.74, a P/E/G ratio of 1.20 and a beta of 0.84. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.53.
Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Monday, April 16th. The bank reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 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 prior year, the business earned $1.00 EPS. equities analysts forecast that Wintrust Financial Co. will post 5.87 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 24th. Shareholders of record on Thursday, May 10th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Wednesday, May 9th. Wintrust Financial’s payout ratio is 17.27%.
In other Wintrust Financial news, EVP Richard B. Murphy sold 1,795 shares of the stock in a transaction that occurred on Friday, April 20th. The stock was sold at an average price of $90.99, for a total transaction of $163,327.05. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gary D. Sweeney purchased 330 shares of the business’s stock in a transaction on Thursday, April 19th. The shares were acquired at an average price of $90.59 per share, for a total transaction of $29,894.70. Following the completion of the acquisition, the director now directly owns 3,345 shares in the company, valued at approximately $303,023.55. The disclosure for this purchase can be found here. Insiders have acquired a total of 338 shares of company stock worth $30,332 over the last 90 days. Company insiders own 1.57% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Cerebellum GP LLC bought a new position in shares of Wintrust Financial in the 4th quarter worth $126,000. Trust Co. of Toledo NA OH bought a new position in shares of Wintrust Financial in the 4th quarter worth $200,000. Dearborn Partners LLC bought a new position in shares of Wintrust Financial in the 1st quarter worth $211,000. Brown Advisory Inc. bought a new position in shares of Wintrust Financial in the 4th quarter worth $213,000. Finally, Castleark Management LLC bought a new position in shares of Wintrust Financial in the 4th quarter worth $231,000. Institutional investors own 90.03% of the company’s stock.
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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