Wintrust Financial Co. (NASDAQ:WTFC - Get Free Report) insider Edward J. Wehmer bought 417 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were bought at an average cost of $25.16 per share, for a total transaction of $10,491.72. Following the completion of the transaction, the insider now directly owns 2,516 shares of the company's stock, valued at $63,302.56. This trade represents a 19.87 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Wintrust Financial Stock Performance
Shares of NASDAQ WTFC traded up $3.32 during trading hours on Tuesday, hitting $132.39. 465,187 shares of the company's stock were exchanged, compared to its average volume of 464,551. Wintrust Financial Co. has a 1-year low of $90.29 and a 1-year high of $142.04. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 12.84 and a beta of 1.19. The company's 50-day moving average price is $129.91 and its 200-day moving average price is $118.68.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same quarter in the previous year, the firm posted $1.87 earnings per share. On average, sell-side analysts expect that Wintrust Financial Co. will post 10.33 earnings per share for the current fiscal year.
Wintrust Financial Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, February 6th. This is a boost from Wintrust Financial's previous quarterly dividend of $0.45. Wintrust Financial's payout ratio is currently 19.40%.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on WTFC. Wedbush reissued an "outperform" rating and set a $130.00 price target on shares of Wintrust Financial in a research report on Tuesday, October 22nd. Truist Financial upgraded Wintrust Financial to a "strong-buy" rating in a research note on Monday, January 6th. StockNews.com upgraded Wintrust Financial from a "sell" rating to a "hold" rating in a research note on Friday. Royal Bank of Canada restated an "outperform" rating and issued a $152.00 target price on shares of Wintrust Financial in a research note on Thursday, January 23rd. Finally, Raymond James restated a "strong-buy" rating and issued a $150.00 target price (up previously from $135.00) on shares of Wintrust Financial in a research note on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $133.69.
Check Out Our Latest Analysis on WTFC
Hedge Funds Weigh In On Wintrust Financial
Several large investors have recently made changes to their positions in WTFC. International Assets Investment Management LLC acquired a new position in Wintrust Financial in the 3rd quarter valued at approximately $35,000. Millstone Evans Group LLC acquired a new position in Wintrust Financial in the 4th quarter valued at approximately $43,000. Global Retirement Partners LLC raised its holdings in Wintrust Financial by 63.5% in the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank's stock valued at $47,000 after acquiring an additional 146 shares in the last quarter. UMB Bank n.a. raised its holdings in Wintrust Financial by 62.0% in the 3rd quarter. UMB Bank n.a. now owns 512 shares of the bank's stock valued at $56,000 after acquiring an additional 196 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in Wintrust Financial by 32.1% in the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank's stock valued at $67,000 after acquiring an additional 131 shares in 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 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.
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