Insider Selling: Wintrust Financial (NASDAQ:WTFC) Director Sells 500 Shares of Stock

Wintrust Financial Corporation (NASDAQ:WTFC) Director Suzet Mckinney sold 500 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $148.96, for a total value of $74,480.00. Following the sale, the director directly owned 3,303 shares of the company’s stock, valued at $492,014.88. This represents a 13.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Wintrust Financial Stock Up 1.9%

Shares of Wintrust Financial stock traded up $2.82 on Wednesday, hitting $153.28. The company had a trading volume of 497,603 shares, compared to its average volume of 485,686. Wintrust Financial Corporation has a 1 year low of $113.75 and a 1 year high of $162.96. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98. The stock has a 50 day moving average of $142.12 and a 200-day moving average of $140.86. The stock has a market capitalization of $10.34 billion, a price-to-earnings ratio of 12.85 and a beta of 0.86.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Monday, April 20th. The bank reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $0.26. The business had revenue of $713.17 million during the quarter, compared to the consensus estimate of $707.23 million. Wintrust Financial had a return on equity of 13.15% and a net margin of 20.11%.Wintrust Financial’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.69 earnings per share. As a group, sell-side analysts forecast that Wintrust Financial Corporation will post 13.07 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th will be issued a $0.55 dividend. The ex-dividend date is Thursday, May 14th. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. Wintrust Financial’s dividend payout ratio is currently 18.44%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of WTFC. Advisors Asset Management Inc. purchased a new position in Wintrust Financial in the first quarter valued at approximately $27,000. Jones Financial Companies Lllp increased its position in Wintrust Financial by 49.0% in the first quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock worth $115,000 after buying an additional 335 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Wintrust Financial by 7.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank’s stock worth $20,179,000 after buying an additional 12,103 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Wintrust Financial by 400.0% in the second quarter. EverSource Wealth Advisors LLC now owns 400 shares of the bank’s stock valued at $50,000 after buying an additional 320 shares during the period. Finally, Cerity Partners LLC raised its stake in shares of Wintrust Financial by 1.6% in the second quarter. Cerity Partners LLC now owns 23,120 shares of the bank’s stock valued at $2,866,000 after buying an additional 355 shares during the period. 93.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on WTFC shares. TD Cowen boosted their price target on shares of Wintrust Financial from $173.00 to $176.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. UBS Group reissued a “buy” rating and set a $176.00 target price on shares of Wintrust Financial in a research report on Wednesday, February 4th. Royal Bank Of Canada boosted their target price on Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Barclays upped their target price on Wintrust Financial from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Finally, Truist Financial dropped their price target on Wintrust Financial from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.92.

About Wintrust Financial

Wintrust Financial Corporation is a Chicago?area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid?size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.