Wintrust Financial (NASDAQ:WTFC) EVP Jeffrey Hahnfeld Sells 314 Shares

Wintrust Financial Corporation (NASDAQ:WTFC) EVP Jeffrey Hahnfeld sold 314 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $145.43, for a total value of $45,665.02. Following the sale, the executive vice president directly owned 1,947 shares of the company’s stock, valued at approximately $283,152.21. This represents a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wintrust Financial Trading Up 1.8%

NASDAQ:WTFC opened at $147.90 on Friday. Wintrust Financial Corporation has a 12-month low of $89.10 and a 12-month high of $155.99. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.66. The stock’s 50 day simple moving average is $141.90 and its 200-day simple moving average is $134.66. The firm has a market cap of $9.90 billion, a P/E ratio of 12.97 and a beta of 0.88.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Tuesday, January 20th. The bank reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.22. The firm had revenue of $586.67 million during the quarter, compared to the consensus estimate of $700.85 million. Wintrust Financial had a return on equity of 12.95% and a net margin of 19.48%.During the same period last year, the business posted $2.63 EPS. Equities analysts anticipate that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th will be given a $0.55 dividend. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.50. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, February 5th. Wintrust Financial’s dividend payout ratio (DPR) is currently 17.54%.

Institutional Trading of Wintrust Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the company. First Trust Advisors LP grew its position in Wintrust Financial by 5.4% during the third quarter. First Trust Advisors LP now owns 1,992,906 shares of the bank’s stock valued at $263,940,000 after acquiring an additional 102,833 shares during the period. Earnest Partners LLC grew its holdings in shares of Wintrust Financial by 0.6% during the 3rd quarter. Earnest Partners LLC now owns 1,442,018 shares of the bank’s stock worth $190,981,000 after purchasing an additional 8,048 shares during the period. Principal Financial Group Inc. increased its position in Wintrust Financial by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 1,300,234 shares of the bank’s stock worth $172,204,000 after purchasing an additional 75,155 shares in the last quarter. Invesco Ltd. raised its holdings in Wintrust Financial by 9.0% in the second quarter. Invesco Ltd. now owns 1,229,858 shares of the bank’s stock valued at $152,478,000 after buying an additional 101,134 shares during the period. Finally, Bank of America Corp DE lifted its position in Wintrust Financial by 1.4% during the third quarter. Bank of America Corp DE now owns 1,071,763 shares of the bank’s stock valued at $141,944,000 after buying an additional 15,044 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on WTFC shares. TD Cowen boosted their target price on shares of Wintrust Financial from $170.00 to $177.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada upped their price objective on shares of Wintrust Financial from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Barclays lifted their target price on shares of Wintrust Financial from $178.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, January 22nd. Citigroup increased their price target on Wintrust Financial from $167.00 to $178.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Wintrust Financial in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $164.42.

Wintrust Financial Company Profile

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.