Insider Selling: Wintrust Financial Corporation (NASDAQ:WTFC) EVP Sells 26,861 Shares of Stock

Wintrust Financial Corporation (NASDAQ:WTFC) EVP David A. Dykstra sold 26,861 shares of the stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $76.82, for a total transaction of $2,063,462.02. Following the completion of the transaction, the executive vice president now owns 185,651 shares of the company’s stock, valued at $14,261,709.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Wintrust Financial Corporation (WTFC) traded up 1.26% during mid-day trading on Tuesday, reaching $77.92. 565,428 shares of the company were exchanged. Wintrust Financial Corporation has a 12 month low of $51.65 and a 12 month high of $80.52. The firm has a 50-day moving average price of $76.03 and a 200 day moving average price of $72.32. The stock has a market capitalization of $4.34 billion, a P/E ratio of 19.65 and a beta of 0.81.

Wintrust Financial Corporation (NASDAQ:WTFC) last issued its quarterly earnings results on Tuesday, July 18th. The bank reported $1.11 EPS for the quarter, topping the consensus estimate of $0.99 by $0.12. Wintrust Financial Corporation had a net margin of 19.24% and a return on equity of 9.15%. The company had revenue of $294.38 million during the quarter, compared to analysts’ expectations of $279.69 million. During the same quarter in the previous year, the company earned $0.90 EPS. Wintrust Financial Corporation’s revenue was up 13.2% on a year-over-year basis. Equities research analysts anticipate that Wintrust Financial Corporation will post $4.26 EPS for the current fiscal year.

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Large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Wintrust Financial Corporation by 21,214.8% in the first quarter. BlackRock Inc. now owns 6,110,097 shares of the bank’s stock valued at $422,330,000 after buying an additional 6,081,431 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Wintrust Financial Corporation by 189.4% in the first quarter. JPMorgan Chase & Co. now owns 1,610,423 shares of the bank’s stock valued at $111,312,000 after buying an additional 1,053,900 shares in the last quarter. State Street Corp boosted its stake in shares of Wintrust Financial Corporation by 57.1% in the first quarter. State Street Corp now owns 2,863,254 shares of the bank’s stock valued at $197,915,000 after buying an additional 1,040,715 shares in the last quarter. Norges Bank acquired a new stake in shares of Wintrust Financial Corporation during the fourth quarter valued at approximately $33,913,000. Finally, Bank of Montreal Can boosted its stake in shares of Wintrust Financial Corporation by 71.6% in the first quarter. Bank of Montreal Can now owns 567,821 shares of the bank’s stock valued at $39,248,000 after buying an additional 236,884 shares in the last quarter. Institutional investors own 90.16% of the company’s stock.

A number of brokerages recently weighed in on WTFC. Stephens cut shares of Wintrust Financial Corporation from an “overweight” rating to an “equal weight” rating in a report on Monday, July 10th. Piper Jaffray Companies set a $72.00 target price on shares of Wintrust Financial Corporation and gave the stock a “hold” rating in a report on Tuesday, July 18th. BidaskClub cut shares of Wintrust Financial Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Jefferies Group LLC restated a “hold” rating and set a $80.00 target price on shares of Wintrust Financial Corporation in a report on Sunday, June 11th. Finally, Zacks Investment Research cut shares of Wintrust Financial Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Wintrust Financial Corporation has an average rating of “Hold” and an average target price of $78.21.

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.

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

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