Key Points
- Insider David Eric Lee sold 558 shares on Jan. 30 at an average price of $147.42 for $82,260, trimming his holding by 3.35% to 16,085 shares valued at about $2.37 million.
- Wintrust beat quarterly EPS expectations ($3.15 vs. $2.93) despite a revenue shortfall, raised its quarterly dividend to $0.55 (ex-dividend Feb. 5), and multiple analysts have lifted price targets, leaving a consensus target near $164.42.
Wintrust Financial Corporation (NASDAQ:WTFC - Get Free Report) insider David Eric Lee sold 558 shares of the business's stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $147.42, for a total value of $82,260.36. Following the completion of the transaction, the insider directly owned 16,085 shares of the company's stock, valued at approximately $2,371,250.70. This trade represents a 3.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Wintrust Financial Stock Up 4.2%
Wintrust Financial stock opened at $156.04 on Wednesday. The business's 50-day moving average price is $142.97 and its 200 day moving average price is $135.11. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The firm has a market cap of $10.45 billion, a price-to-earnings ratio of 13.69 and a beta of 0.88. Wintrust Financial Corporation has a 52 week low of $89.10 and a 52 week high of $156.16.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings results on Tuesday, January 20th. The bank reported $3.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.93 by $0.22. The company had revenue of $586.67 million during the quarter, compared to the consensus estimate of $700.85 million. Wintrust Financial had a return on equity of 12.95% and a net margin of 19.48%.During the same period in the previous year, the company posted $2.63 earnings per share. As a group, sell-side analysts anticipate that Wintrust Financial Corporation will post 10.36 earnings per share for the current year.
Wintrust Financial Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Thursday, February 5th will be given a dividend of $0.55 per share. This is a boost from Wintrust Financial's previous quarterly dividend of $0.50. This represents a $2.20 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, February 5th. Wintrust Financial's dividend payout ratio (DPR) is 17.54%.
Institutional Trading of Wintrust Financial
Institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. acquired a new position in shares of Wintrust Financial during the 1st quarter worth approximately $27,000. Jones Financial Companies Lllp lifted its position in Wintrust Financial by 49.0% during the first quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank's stock worth $115,000 after buying an additional 335 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Wintrust Financial by 7.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank's stock worth $20,179,000 after buying an additional 12,103 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Wintrust Financial by 20.4% during the second quarter. Farther Finance Advisors LLC now owns 601 shares of the bank's stock worth $74,000 after buying an additional 102 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Wintrust Financial by 11.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 14,344 shares of the bank's stock valued at $1,778,000 after buying an additional 1,459 shares in the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
WTFC has been the topic of a number of analyst reports. TD Cowen raised their target price on Wintrust Financial from $170.00 to $177.00 and gave the company a "buy" rating in a research report on Thursday, January 22nd. Truist Financial increased their price target on Wintrust Financial from $158.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, January 26th. Stephens boosted their price objective on Wintrust Financial from $158.00 to $162.00 and gave the company an "overweight" rating in a research report on Thursday, January 22nd. Weiss Ratings reiterated a "buy (b-)" rating on shares of Wintrust Financial in a research report on Wednesday, January 21st. Finally, Piper Sandler lifted their price target on shares of Wintrust Financial from $161.00 to $184.00 and gave the company an "overweight" rating in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $164.42.
Check Out Our Latest Research Report on WTFC
About Wintrust Financial
(
Get Free Report)
Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.
The firm's core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.
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