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.
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.
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