Key Points
- CFO David Stoehr sold 3,020 shares on April 23 at an average price of $150.45 for a total of $454,359, reducing his stake by 18.6% to 13,213 shares valued at about $1.99 million.
- Q1 results beat expectations: Wintrust reported EPS of $3.22 versus a $2.96 consensus and revenue of $713.17 million (up 10.9% year-over-year) with a 20.11% net margin.
- The company declared a $0.55 quarterly dividend (annualized $2.20, ~1.5% yield) with an ex-dividend date of May 14 and a payment date of May 28.
Wintrust Financial Corporation (NASDAQ:WTFC - Get Free Report) CFO David Stoehr sold 3,020 shares of the business's stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $150.45, for a total transaction of $454,359.00. Following the completion of the sale, the chief financial officer directly owned 13,213 shares in the company, valued at approximately $1,987,895.85. This trade represents a 18.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Wintrust Financial Stock Performance
NASDAQ WTFC opened at $147.91 on Friday. The company's 50 day moving average is $142.59 and its 200-day moving average is $140.01. Wintrust Financial Corporation has a 12-month low of $109.29 and a 12-month high of $162.96. The company has a quick ratio of 0.99, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. The firm has a market cap of $9.98 billion, a P/E ratio of 12.40 and a beta of 0.86.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings results on Monday, April 20th. The bank reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $0.26. Wintrust Financial had a net margin of 20.11% and a return on equity of 13.15%. The company had revenue of $713.17 million for the quarter, compared to analyst estimates of $707.23 million. During the same quarter in the previous year, the firm posted $2.69 earnings per share. The company's quarterly revenue was up 10.9% compared to the same quarter last year. Sell-side analysts predict that Wintrust Financial Corporation will post 12.86 earnings per share for the current year.
Wintrust Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th will be given a $0.55 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. Wintrust Financial's payout ratio is 18.44%.
Institutional Trading of Wintrust Financial
A number of hedge funds and other institutional investors have recently bought and sold shares of WTFC. Root Financial Partners LLC bought a new stake in Wintrust Financial during the 3rd quarter worth approximately $27,000. Advisors Asset Management Inc. purchased a new position in Wintrust Financial in the 1st quarter worth approximately $27,000. Elyxium Wealth LLC purchased a new position in Wintrust Financial in the 4th quarter worth approximately $31,000. Creative Financial Designs Inc. ADV grew its stake in Wintrust Financial by 231.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank's stock worth $32,000 after buying an additional 160 shares in the last quarter. Finally, Harbour Investments Inc. grew its stake in Wintrust Financial by 72.7% in the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank's stock worth $34,000 after buying an additional 101 shares in the last quarter. Institutional investors own 93.48% of the company's stock.
Wall Street Analysts Forecast Growth
WTFC has been the topic of a number of analyst reports. Royal Bank Of Canada upped their target price on shares of Wintrust Financial from $175.00 to $185.00 and gave the stock an "outperform" rating in a report on Wednesday. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Wintrust Financial in a report on Wednesday, January 21st. Barclays upped their target price on shares of Wintrust Financial from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Wednesday. Truist Financial decreased their target price on shares of Wintrust Financial from $170.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, March 23rd. Finally, Citigroup upped their target price on shares of Wintrust Financial from $178.00 to $182.00 and gave the stock a "buy" rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $168.92.
Read Our Latest Research Report on Wintrust Financial
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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