Wintrust Financial Co. (NASDAQ:WTFC - Get Free Report) CFO David L. Stoehr sold 2,363 shares of the company's stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $131.32, for a total transaction of $310,309.16. Following the completion of the transaction, the chief financial officer now owns 19,858 shares of the company's stock, valued at $2,607,752.56. This trade represents a 10.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Wintrust Financial Stock Performance
Wintrust Financial stock traded down $1.08 during midday trading on Friday, reaching $130.81. 321,005 shares of the company's stock were exchanged, compared to its average volume of 463,057. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. The stock's 50-day simple moving average is $130.95 and its 200 day simple moving average is $117.72. The firm has a market cap of $8.70 billion, a price-to-earnings ratio of 12.69 and a beta of 1.20. Wintrust Financial Co. has a 52 week low of $89.68 and a 52 week high of $142.04.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, beating analysts' consensus estimates of $2.52 by $0.11. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same period last year, the company posted $1.87 EPS. On average, analysts expect that Wintrust Financial Co. will post 10.3 earnings per share for the current fiscal year.
Wintrust Financial Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, February 6th. This is a boost from Wintrust Financial's previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.53%. Wintrust Financial's dividend payout ratio (DPR) is currently 17.46%.
Analysts Set New Price Targets
Several research analysts have recently weighed in on WTFC shares. UBS Group began coverage on Wintrust Financial in a research report on Tuesday, December 17th. They set a "buy" rating and a $157.00 price objective for the company. Wedbush reaffirmed an "outperform" rating and set a $130.00 price target on shares of Wintrust Financial in a research report on Tuesday, October 22nd. Citigroup lifted their price objective on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. StockNews.com cut shares of Wintrust Financial from a "hold" rating to a "sell" rating in a report on Thursday. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $152.00 price target on shares of Wintrust Financial in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $133.69.
Check Out Our Latest Research Report on Wintrust Financial
Hedge Funds Weigh In On Wintrust Financial
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC grew its holdings in Wintrust Financial by 63.5% during the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank's stock worth $47,000 after acquiring an additional 146 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in Wintrust Financial by 10.5% during the 4th quarter. Venturi Wealth Management LLC now owns 2,157 shares of the bank's stock worth $269,000 after acquiring an additional 205 shares during the period. Truist Financial Corp lifted its stake in shares of Wintrust Financial by 0.7% in the 4th quarter. Truist Financial Corp now owns 41,653 shares of the bank's stock valued at $5,195,000 after purchasing an additional 306 shares during the period. CIBC Asset Management Inc acquired a new stake in Wintrust Financial during the fourth quarter worth approximately $235,000. Finally, Sanctuary Advisors LLC increased its holdings in Wintrust Financial by 34.8% in the fourth quarter. Sanctuary Advisors LLC now owns 17,081 shares of the bank's stock worth $2,253,000 after purchasing an additional 4,412 shares in the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.
Wintrust Financial Company Profile
(
Get Free Report)
Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services.
See Also
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