Key Points
- Wintrust Financial COO David Dykstra sold 13,515 shares at an average price of $162.77, generating approximately $2.20 million; his remaining direct stake fell 7.51% to 166,449 shares.
- Wintrust’s latest quarterly results exceeded expectations, with EPS of $3.30 versus the $3.15 consensus and revenue of $738.63 million. Revenue increased 10.1% year over year.
- The stock has a “Moderate Buy” consensus rating from analysts, with an average price target of $177.77, while the company declared a quarterly dividend of $0.55 per share, yielding about 1.4% annually.
Wintrust Financial Corporation (NASDAQ:WTFC - Get Free Report) COO David Dykstra sold 13,515 shares of the firm's stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total value of $2,199,836.55. Following the completion of the sale, the chief operating officer directly owned 166,449 shares of the company's stock, valued at $27,092,903.73. This represents a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Wintrust Financial Stock Down 0.1%
Wintrust Financial stock opened at $162.45 on Friday. The stock's 50 day moving average price is $159.56 and its 200 day moving average price is $150.92. Wintrust Financial Corporation has a 1-year low of $119.61 and a 1-year high of $167.21. The company has a market cap of $10.96 billion, a PE ratio of 13.05 and a beta of 0.85. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings data on Monday, July 20th. The bank reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.15. The firm had revenue of $738.63 million during the quarter, compared to analysts' expectations of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.Wintrust Financial's revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.78 earnings per share. On average, sell-side analysts predict that Wintrust Financial Corporation will post 13.04 EPS for the current fiscal year.
Wintrust Financial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. Wintrust Financial's dividend payout ratio (DPR) is 17.67%.
Wall Street Analyst Weigh In
Several research firms recently weighed in on WTFC. Raymond James Financial initiated coverage on Wintrust Financial in a research note on Tuesday, July 7th. They issued an "outperform" rating and a $180.00 price objective for the company. Citigroup downgraded Wintrust Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, July 21st. UBS Group reissued a "neutral" rating and issued a $170.00 target price on shares of Wintrust Financial in a report on Tuesday, July 7th. Brean Capital cut Wintrust Financial from a "buy" rating to a "neutral" rating and set a $170.00 price target for the company. in a research report on Tuesday, July 21st. Finally, Piper Sandler set a $186.00 price target on Wintrust Financial in a research note on Wednesday, July 22nd. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $177.77.
View Our Latest Report on Wintrust Financial
Institutional Investors Weigh In On Wintrust Financial
A number of large investors have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Wintrust Financial in the second quarter worth $27,000. Advisors Asset Management Inc. acquired a new stake in shares of Wintrust Financial during the first quarter valued at $27,000. Elyxium Wealth LLC purchased a new stake in Wintrust Financial during the 4th quarter worth about $31,000. Creative Financial Designs Inc. ADV increased its position in Wintrust Financial by 231.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank's stock worth $32,000 after purchasing an additional 160 shares in the last quarter. Finally, Harbour Investments Inc. raised its stake in Wintrust Financial by 72.7% in the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank's stock valued at $34,000 after purchasing an additional 101 shares during the last quarter. Institutional investors and hedge funds own 93.48% of the company's stock.
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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