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

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

Wintrust Financial Price Performance

Shares of WTFC stock traded up $0.25 on Wednesday, reaching $100.13. The company’s stock had a trading volume of 219,393 shares, compared to its average volume of 413,225. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 10.34 and a beta of 1.21. The stock’s fifty day simple moving average is $98.38 and its 200-day simple moving average is $91.33. Wintrust Financial Co. has a 1 year low of $58.12 and a 1 year high of $105.29. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.78.

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

Wintrust Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were issued a $0.45 dividend. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Wednesday, February 7th. Wintrust Financial’s payout ratio is presently 18.61%.

Institutional Trading of Wintrust Financial

Several institutional investors and hedge funds have recently made changes to their positions in the company. Johnson Financial Group Inc. purchased a new position in Wintrust Financial in the fourth quarter valued at about $25,000. Opal Wealth Advisors LLC purchased a new stake in shares of Wintrust Financial during the first quarter worth about $27,000. Quent Capital LLC grew its stake in shares of Wintrust Financial by 120.8% during the fourth quarter. Quent Capital LLC now owns 351 shares of the bank’s stock worth $33,000 after acquiring an additional 192 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of Wintrust Financial during the fourth quarter worth about $41,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Wintrust Financial during the fourth quarter worth about $46,000. 93.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WTFC has been the subject of a number of research reports. Barclays cut their price target on shares of Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Stephens reiterated an “overweight” rating and set a $110.00 price target on shares of Wintrust Financial in a report on Tuesday, April 16th. Citigroup lowered their price target on shares of Wintrust Financial from $115.00 to $113.00 and set a “buy” rating for the company in a report on Monday. Jefferies Financial Group boosted their price objective on shares of Wintrust Financial from $114.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, Truist Financial reduced their target price on shares of Wintrust Financial from $117.00 to $112.00 and set a “buy” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $112.33.

About Wintrust Financial

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.