Wintrust Financial Corporation (NASDAQ:WTFC) declared a quarterly dividend on Thursday, October 26th, RTT News reports. Stockholders of record on Thursday, November 9th will be given a dividend of 0.14 per share by the bank on Friday, November 24th. This represents a $0.56 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Wednesday, November 8th.
Wintrust Financial Corporation (NASDAQ:WTFC) last announced its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.04. Wintrust Financial Corporation had a net margin of 19.74% and a return on equity of 9.32%. The firm had revenue of $295.70 million during the quarter, compared to analyst estimates of $298.96 million. During the same period last year, the firm posted $0.92 EPS. Wintrust Financial Corporation’s revenue was up 9.0% on a year-over-year basis.
In other Wintrust Financial Corporation news, Director Gary D. Sweeney bought 338 shares of the stock in a transaction on Tuesday, October 24th. The shares were bought at an average price of $80.58 per share, with a total value of $27,236.04. Following the purchase, the director now directly owns 2,973 shares in the company, valued at approximately $239,564.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas P. Zidar sold 3,178 shares of Wintrust Financial Corporation stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $80.00, for a total transaction of $254,240.00. Following the sale, the insider now directly owns 31,239 shares in the company, valued at approximately $2,499,120. The disclosure for this sale can be found here. Insiders sold a total of 43,095 shares of company stock worth $3,450,227 in the last three months. 2.00% of the stock is owned by corporate insiders.
A number of research firms have issued reports on WTFC. Hovde Group reissued a “market perform” rating and set a $80.00 price target (up from $76.50) on shares of Wintrust Financial Corporation in a research report on Wednesday, August 2nd. ValuEngine raised shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Jefferies Group LLC reissued a “hold” rating and set a $80.00 price target on shares of Wintrust Financial Corporation in a research report on Friday, August 11th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $82.00 price target on shares of Wintrust Financial Corporation in a research report on Tuesday, August 22nd. Finally, Zacks Investment Research raised shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $81.38.
About Wintrust Financial Corporation
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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