Wintrust Financial Corporation (NASDAQ:WTFC - Get Free Report) COO David Dykstra sold 9,579 shares of Wintrust Financial stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $148.82, for a total value of $1,425,546.78. Following the transaction, the chief operating officer owned 179,810 shares in the company, valued at approximately $26,759,324.20. The trade was a 5.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Wintrust Financial Stock Performance
Shares of Wintrust Financial stock opened at $150.55 on Wednesday. The business's 50 day moving average price is $142.43 and its 200 day moving average price is $140.43. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98. The company has a market cap of $10.15 billion, a price-to-earnings ratio of 12.62 and a beta of 0.86. Wintrust Financial Corporation has a one year low of $109.46 and a one year high of $162.96.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its earnings results on Monday, April 20th. The bank reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $0.26. The company had revenue of $713.17 million during the quarter, compared to analysts' expectations of $707.23 million. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The firm's quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.69 earnings per share. On average, research analysts predict that Wintrust Financial Corporation will post 13.07 EPS for the current year.
Wintrust Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $2.20 annualized dividend and a yield of 1.5%. Wintrust Financial's dividend payout ratio (DPR) is 18.44%.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on WTFC shares. TD Cowen raised their target price on Wintrust Financial from $173.00 to $176.00 and gave the stock a "buy" rating in a research note on Thursday, April 23rd. Piper Sandler reissued an "overweight" rating and set a $188.00 target price (up from $184.00) on shares of Wintrust Financial in a research note on Wednesday, April 22nd. Stephens began coverage on Wintrust Financial in a research note on Friday, March 27th. They set an "equal weight" rating and a $160.00 target price for the company. Truist Financial dropped their price objective on Wintrust Financial from $170.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, March 23rd. Finally, DA Davidson reaffirmed a "buy" rating and issued a $165.00 price objective on shares of Wintrust Financial in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $168.92.
View Our Latest Stock Report on WTFC
Institutional Investors Weigh In On Wintrust Financial
A number of institutional investors have recently modified their holdings of the company. First Trust Advisors LP grew its stake in shares of Wintrust Financial by 5.4% in the third quarter. First Trust Advisors LP now owns 1,992,906 shares of the bank's stock valued at $263,940,000 after buying an additional 102,833 shares in the last quarter. Earnest Partners LLC boosted its holdings in Wintrust Financial by 0.6% in the third quarter. Earnest Partners LLC now owns 1,442,018 shares of the bank's stock valued at $190,981,000 after purchasing an additional 8,048 shares during the period. Principal Financial Group Inc. boosted its holdings in Wintrust Financial by 6.1% in the third quarter. Principal Financial Group Inc. now owns 1,300,234 shares of the bank's stock valued at $172,204,000 after purchasing an additional 75,155 shares during the period. Geode Capital Management LLC boosted its holdings in Wintrust Financial by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,273,042 shares of the bank's stock valued at $178,038,000 after purchasing an additional 16,997 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Wintrust Financial by 1.4% in the third quarter. Bank of America Corp DE now owns 1,071,763 shares of the bank's stock valued at $141,944,000 after purchasing an additional 15,044 shares during the period. 93.48% of the stock is owned by institutional investors and hedge funds.
Wintrust Financial Company Profile
(
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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