Insider Selling: Wintrust Financial Corp (WTFC) Insider Sells 14,173 Shares of Stock

Wintrust Financial Corp (NASDAQ:WTFC) insider Edward J. Wehmer sold 14,173 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $87.66, for a total value of $1,242,405.18. Following the sale, the insider now owns 134,864 shares of the company’s stock, valued at approximately $11,822,178.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Wintrust Financial Corp (NASDAQ WTFC) opened at $86.66 on Friday. Wintrust Financial Corp has a fifty-two week low of $64.14 and a fifty-two week high of $89.34. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $4,807.41 and a PE ratio of 19.70.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Monday, January 22nd. The bank reported $1.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.04. The business had revenue of $300.14 million during the quarter, compared to analyst estimates of $299.47 million. Wintrust Financial had a return on equity of 9.49% and a net margin of 20.35%. Wintrust Financial’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.94 earnings per share. equities research analysts expect that Wintrust Financial Corp will post 5.56 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th will be paid a $0.19 dividend. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, February 7th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.88%. Wintrust Financial’s dividend payout ratio is 12.73%.

Several analysts have issued reports on WTFC shares. Royal Bank of Canada reissued a “buy” rating and set a $84.00 price target on shares of Wintrust Financial in a report on Friday, October 20th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $90.00 price target on shares of Wintrust Financial in a report on Thursday, December 14th. ValuEngine raised Wintrust Financial from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research raised Wintrust Financial from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a report on Wednesday, December 27th. Finally, BidaskClub raised Wintrust Financial from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $87.56.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WTFC. Janus Henderson Group PLC bought a new position in shares of Wintrust Financial in the second quarter worth about $63,086,000. Vanguard Group Inc. boosted its stake in shares of Wintrust Financial by 7.7% in the second quarter. Vanguard Group Inc. now owns 4,586,706 shares of the bank’s stock worth $350,607,000 after acquiring an additional 327,529 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Wintrust Financial by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 1,637,332 shares of the bank’s stock worth $127,646,000 after acquiring an additional 257,613 shares during the period. Prudential Financial Inc. boosted its stake in shares of Wintrust Financial by 47.1% in the third quarter. Prudential Financial Inc. now owns 652,277 shares of the bank’s stock worth $51,080,000 after acquiring an additional 208,720 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of Wintrust Financial by 53.8% in the second quarter. Royal Bank of Canada now owns 485,280 shares of the bank’s stock worth $37,094,000 after acquiring an additional 169,847 shares during the period. 91.22% of the stock is owned by hedge funds and other institutional investors.

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About Wintrust Financial

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.

Insider Buying and Selling by Quarter for Wintrust Financial (NASDAQ:WTFC)

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