Key Points
- Suzet Mckinney, a Wintrust director, sold 500 shares on May 4 at an average price of $148.96 for total proceeds of $74,480, reducing her stake by 13.15% to 3,303 shares (SEC filing disclosed).
- Wintrust beat quarterly expectations, reporting $3.22 EPS versus $2.96 consensus and revenue of $713.17 million, up 10.9% year-over-year.
- The company declared a $0.55 quarterly dividend (annualized $2.20, 1.4% yield) and holds a "Moderate Buy" consensus from analysts with an average price target of $168.92 after several recent increases.
Wintrust Financial Corporation (NASDAQ:WTFC - Get Free Report) Director Suzet Mckinney sold 500 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $148.96, for a total value of $74,480.00. Following the transaction, the director directly owned 3,303 shares in the company, valued at $492,014.88. The trade was a 13.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Wintrust Financial Price Performance
WTFC opened at $153.28 on Thursday. Wintrust Financial Corporation has a 12-month low of $113.75 and a 12-month high of $162.96. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. The business's fifty day simple moving average is $142.20 and its 200-day simple moving average is $141.09. The company has a market capitalization of $10.34 billion, a price-to-earnings ratio of 12.85 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, topping analysts' consensus estimates of $2.96 by $0.26. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The business had revenue of $713.17 million for the quarter, compared to the consensus estimate of $707.23 million. During the same quarter in the prior year, the company earned $2.69 EPS. The business's revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts anticipate that Wintrust Financial Corporation will post 13.07 earnings per share for the current fiscal year.
Wintrust Financial Dividend Announcement
The company 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 dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. Wintrust Financial's dividend payout ratio is presently 18.44%.
Institutional Investors Weigh In On Wintrust Financial
A number of hedge funds and other institutional investors have recently bought and sold shares of WTFC. Norges Bank purchased a new stake in Wintrust Financial during the fourth quarter valued at approximately $111,924,000. Wellington Management Group LLP purchased a new stake in Wintrust Financial in the third quarter valued at about $90,187,000. Artemis Investment Management LLP purchased a new stake in Wintrust Financial in the fourth quarter valued at about $59,287,000. Thrivent Financial for Lutherans raised its stake in Wintrust Financial by 417.9% in the third quarter. Thrivent Financial for Lutherans now owns 506,766 shares of the bank's stock valued at $67,116,000 after buying an additional 408,925 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in Wintrust Financial in the first quarter valued at about $34,272,000. Hedge funds and other institutional investors own 93.48% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on WTFC shares. TD Cowen increased their price target on Wintrust Financial from $173.00 to $176.00 and gave the stock a "buy" rating in a research report on Thursday, April 23rd. Royal Bank Of Canada increased their price target on Wintrust Financial from $175.00 to $185.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 22nd. Citigroup increased their price target on Wintrust Financial from $178.00 to $182.00 and gave the stock a "buy" rating in a research report on Wednesday, April 22nd. Piper Sandler reissued an "overweight" rating and set a $188.00 price target (up from $184.00) on shares of Wintrust Financial in a research report on Wednesday, April 22nd. Finally, Truist Financial dropped their price objective on Wintrust Financial from $170.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Wintrust Financial presently has an average rating of "Moderate Buy" and a consensus price target of $168.92.
View Our Latest Research Report on Wintrust Financial
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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