Wintrust Financial Co. (NASDAQ:WTFC) COO Sells $553,209.03 in Stock

Wintrust Financial Co. (NASDAQ:WTFC - Get Free Report) COO David A. Dykstra sold 4,213 shares of the business's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $131.31, for a total transaction of $553,209.03. Following the completion of the transaction, the chief operating officer now directly owns 206,294 shares in the company, valued at $27,088,465.14. This trade represents a 2.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Wintrust Financial Stock Down 0.8 %

Shares of WTFC traded down $1.08 during midday trading on Friday, reaching $130.81. 321,005 shares of the stock were exchanged, compared to its average volume of 463,057. The company has a market capitalization of $8.70 billion, a P/E ratio of 12.69 and a beta of 1.20. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. Wintrust Financial Co. has a 52 week low of $89.68 and a 52 week high of $142.04. The company's 50 day moving average is $130.95 and its two-hundred day moving average is $117.77.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its 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 quarter in the prior year, the business posted $1.87 EPS. On average, sell-side analysts anticipate that Wintrust Financial Co. will post 10.3 earnings per share for the current year.

Wintrust Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $2.00 dividend on an annualized basis and a yield of 1.53%. This is a positive change from Wintrust Financial's previous quarterly dividend of $0.45. Wintrust Financial's dividend payout ratio is currently 17.46%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC boosted its position in Wintrust Financial by 530.3% during the third quarter. Jane Street Group LLC now owns 39,135 shares of the bank's stock valued at $4,247,000 after purchasing an additional 32,926 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Wintrust Financial by 36.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank's stock valued at $87,132,000 after buying an additional 213,559 shares during the last quarter. Retirement Systems of Alabama boosted its holdings in shares of Wintrust Financial by 6.0% in the 3rd quarter. Retirement Systems of Alabama now owns 80,782 shares of the bank's stock valued at $8,767,000 after buying an additional 4,562 shares in the last quarter. State Street Corp raised its stake in shares of Wintrust Financial by 5.1% during the 3rd quarter. State Street Corp now owns 2,627,561 shares of the bank's stock worth $285,169,000 after acquiring an additional 126,724 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Wintrust Financial by 7.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 203,285 shares of the bank's stock worth $22,063,000 after acquiring an additional 14,699 shares in the last quarter. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Piper Sandler increased their price target on Wintrust Financial from $151.00 to $156.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. UBS Group initiated coverage on shares of Wintrust Financial in a research note on Tuesday, December 17th. They set a "buy" rating and a $157.00 price objective for the company. Truist Financial upgraded shares of Wintrust Financial to a "strong-buy" rating in a report on Monday, January 6th. Wedbush reissued an "outperform" rating and issued a $130.00 price objective on shares of Wintrust Financial in a research report on Tuesday, October 22nd. Finally, DA Davidson boosted their target price on Wintrust Financial from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $133.69.

About Wintrust Financial

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.