Wintrust Financial Co. (NASDAQ:WTFC) EVP Jeffrey D. Hahnfeld Sells 221 Shares

Wintrust Financial Co. (NASDAQ:WTFC) EVP Jeffrey D. Hahnfeld sold 221 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $100.71, for a total value of $22,256.91. Following the sale, the executive vice president now directly owns 1,867 shares in the company, valued at $188,025.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Wintrust Financial Price Performance

Shares of NASDAQ WTFC opened at $99.17 on Friday. Wintrust Financial Co. has a twelve month low of $58.12 and a twelve month high of $105.29. The firm has a market cap of $6.12 billion, a P/E ratio of 10.26 and a beta of 1.21. The company has a 50 day moving average of $98.52 and a 200 day moving average of $91.45. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.78.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.47. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.09%. The company had revenue of $604.77 million during the quarter, compared to analyst estimates of $577.80 million. During the same period in the previous year, the business earned $2.80 EPS. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, research analysts expect that Wintrust Financial Co. will post 10.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Stephens reaffirmed an “overweight” rating and set a $110.00 price objective on shares of Wintrust Financial in a research report on Tuesday, April 16th. Truist Financial dropped their price target on Wintrust Financial from $117.00 to $112.00 and set a “buy” rating on the stock in a research report on Monday. Wedbush reissued an “outperform” rating and issued a $116.00 price target on shares of Wintrust Financial in a research report on Thursday, April 18th. StockNews.com raised Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 18th. Finally, Barclays dropped their price target on Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Wintrust Financial presently has an average rating of “Buy” and a consensus price target of $112.33.

Institutional Investors Weigh In On Wintrust Financial

A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in Wintrust Financial by 11.5% during the 3rd quarter. FMR LLC now owns 4,651,381 shares of the bank’s stock valued at $351,179,000 after buying an additional 480,942 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Wintrust Financial by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,866,032 shares of the bank’s stock valued at $265,829,000 after buying an additional 80,526 shares during the last quarter. Victory Capital Management Inc. raised its stake in Wintrust Financial by 4.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,843,679 shares of the bank’s stock valued at $171,001,000 after buying an additional 79,672 shares during the last quarter. Capital International Investors raised its stake in Wintrust Financial by 79.5% during the 4th quarter. Capital International Investors now owns 1,566,003 shares of the bank’s stock valued at $145,247,000 after buying an additional 693,452 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its stake in Wintrust Financial by 21.5% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,172,242 shares of the bank’s stock valued at $88,504,000 after buying an additional 207,606 shares during the last quarter. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Wintrust Financial Company Profile

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.