Insider Selling: Wintrust Financial Co. (NASDAQ:WTFC) CFO Sells 2,363 Shares of Stock

Wintrust Financial Co. (NASDAQ:WTFCGet Free Report) CFO David L. Stoehr sold 2,363 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $131.32, for a total value of $310,309.16. Following the completion of the sale, the chief financial officer now owns 19,858 shares of the company’s stock, valued at $2,607,752.56. This represents a 10.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Wintrust Financial Price Performance

Shares of WTFC stock opened at $132.83 on Thursday. Wintrust Financial Co. has a 52 week low of $89.68 and a 52 week high of $142.04. The stock has a market capitalization of $8.83 billion, a PE ratio of 12.88 and a beta of 1.20. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s fifty day moving average is $131.11 and its 200-day moving average is $117.41.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.11. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same quarter last year, the company posted $1.87 EPS. Equities research analysts expect that Wintrust Financial Co. will post 10.17 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.51%. The ex-dividend date is Thursday, February 6th. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.45. Wintrust Financial’s payout ratio is 17.46%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on WTFC shares. StockNews.com cut Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Thursday. Citigroup raised their price objective on shares of Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a $152.00 target price on shares of Wintrust Financial in a research note on Thursday, January 23rd. Wedbush restated an “outperform” rating and set a $130.00 price target on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Finally, Raymond James reiterated a “strong-buy” rating and issued a $150.00 price objective (up from $135.00) on shares of Wintrust Financial in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Wintrust Financial has an average rating of “Moderate Buy” and a consensus price target of $133.69.

Read Our Latest Analysis on WTFC

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Squarepoint Ops LLC bought a new stake in shares of Wintrust Financial during the second quarter worth $593,000. AQR Capital Management LLC increased its position in Wintrust Financial by 160.0% in the second quarter. AQR Capital Management LLC now owns 67,806 shares of the bank’s stock worth $6,595,000 after purchasing an additional 41,722 shares during the period. Algert Global LLC bought a new stake in Wintrust Financial during the 2nd quarter worth about $613,000. Creative Planning raised its holdings in Wintrust Financial by 12.3% during the 2nd quarter. Creative Planning now owns 10,966 shares of the bank’s stock worth $1,081,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Wintrust Financial by 135.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 13,093 shares of the bank’s stock valued at $1,290,000 after purchasing an additional 7,534 shares during the period. Institutional investors and hedge funds own 93.48% of the company’s stock.

About Wintrust Financial

(Get Free Report)

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.

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

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