Jeffrey D. Hahnfeld Sells 416 Shares of Wintrust Financial Co. (NASDAQ:WTFC) Stock

Wintrust Financial Co. (NASDAQ:WTFC) EVP Jeffrey D. Hahnfeld sold 416 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total value of $54,475.20. Following the sale, the executive vice president now owns 2,276 shares of the company’s stock, valued at approximately $298,042.20. This represents a 15.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wintrust Financial Price Performance

WTFC stock traded up $0.91 during trading on Wednesday, reaching $133.02. 444,490 shares of the company were exchanged, compared to its average volume of 504,840. The company has a 50-day moving average of $131.07 and a two-hundred day moving average of $117.31. The company has a market capitalization of $8.84 billion, a price-to-earnings ratio of 12.90 and a beta of 1.20. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01. Wintrust Financial Co. has a twelve month low of $89.68 and a twelve month high of $142.04.

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

Wintrust Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Thursday, February 6th. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.45. Wintrust Financial’s dividend payout ratio (DPR) is 17.46%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on WTFC shares. Piper Sandler lifted their target price on Wintrust Financial from $151.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Barclays increased their target price on shares of Wintrust Financial from $151.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Citigroup boosted their price target on Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada restated an “outperform” rating and set a $152.00 price objective on shares of Wintrust Financial in a research note on Thursday, January 23rd. Finally, StockNews.com downgraded Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Wintrust Financial has a consensus rating of “Moderate Buy” and an average price target of $133.69.

Hedge Funds Weigh In On Wintrust Financial

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

Wintrust Financial Company Profile

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.