Insider Selling: Wintrust Financial (NASDAQ:WTFC) CFO Sells $454,359.00 in Stock

Wintrust Financial Corporation (NASDAQ:WTFC) CFO David Stoehr sold 3,020 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $150.45, for a total value of $454,359.00. Following the completion of the sale, the chief financial officer directly owned 13,213 shares of the company’s stock, valued at $1,987,895.85. This represents a 18.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Wintrust Financial Price Performance

Shares of NASDAQ:WTFC opened at $147.91 on Monday. Wintrust Financial Corporation has a fifty-two week low of $109.29 and a fifty-two week high of $162.96. The business has a 50-day moving average of $142.59 and a two-hundred day moving average of $140.13. The stock has a market capitalization of $9.98 billion, a P/E ratio of 12.40 and a beta of 0.86. 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) last announced its quarterly earnings results on Monday, April 20th. The bank reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.96 by $0.26. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.The company had revenue of $713.17 million during the quarter, compared to analysts’ expectations of $707.23 million. During the same quarter in the previous year, the firm earned $2.69 earnings per share. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts predict that Wintrust Financial Corporation will post 12.86 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, May 14th. Wintrust Financial’s payout ratio is currently 18.44%.

Hedge Funds Weigh In On Wintrust Financial

Several large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. bought a new stake in shares of Wintrust Financial in the 1st quarter worth approximately $27,000. Jones Financial Companies Lllp lifted its position in shares of Wintrust Financial by 49.0% in the 1st quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock worth $115,000 after acquiring an additional 335 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Wintrust Financial by 7.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank’s stock worth $20,179,000 after acquiring an additional 12,103 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Wintrust Financial by 400.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 400 shares of the bank’s stock worth $50,000 after acquiring an additional 320 shares during the period. Finally, Cerity Partners LLC lifted its position in shares of Wintrust Financial by 1.6% in the 2nd quarter. Cerity Partners LLC now owns 23,120 shares of the bank’s stock worth $2,866,000 after acquiring an additional 355 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. TD Cowen boosted their price objective on Wintrust Financial from $173.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday. Citigroup boosted their price objective on Wintrust Financial from $178.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Stephens assumed coverage on Wintrust Financial in a research report on Friday, March 27th. They set an “equal weight” rating and a $160.00 price objective for the company. Barclays boosted their price objective on Wintrust Financial from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Finally, Royal Bank Of Canada boosted their price objective on Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $168.92.

About Wintrust Financial

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.