Wintrust Financial (NASDAQ:WTFC) COO David Dykstra Sells 13,515 Shares

Wintrust Financial Corporation (NASDAQ:WTFC) COO David Dykstra sold 13,515 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $162.77, for a total value of $2,199,836.55. Following the completion of the transaction, the chief operating officer owned 166,449 shares in the company, valued at approximately $27,092,903.73. The trade was a 7.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Wintrust Financial Price Performance

WTFC stock opened at $162.45 on Friday. The business has a 50 day moving average price of $159.56 and a 200 day moving average price of $150.92. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. The stock has a market cap of $10.96 billion, a price-to-earnings ratio of 13.05 and a beta of 0.85. Wintrust Financial Corporation has a fifty-two week low of $119.61 and a fifty-two week high of $167.21.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Monday, July 20th. The bank reported $3.30 EPS for the quarter, beating the consensus estimate of $3.15 by $0.15. The company had revenue of $738.63 million for the quarter, compared to analyst estimates of $735.36 million. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.78 earnings per share. Equities research analysts anticipate that Wintrust Financial Corporation will post 13.04 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, August 6th. Wintrust Financial’s dividend payout ratio (DPR) is currently 17.67%.

Analysts Set New Price Targets

Several brokerages have issued reports on WTFC. TD Cowen dropped their price objective on Wintrust Financial from $184.00 to $183.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Truist Financial boosted their target price on Wintrust Financial from $170.00 to $183.00 and gave the company a “buy” rating in a report on Friday, July 10th. Barclays upped their target price on Wintrust Financial from $190.00 to $192.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. DA Davidson raised their price target on Wintrust Financial from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Finally, Raymond James Financial assumed coverage on Wintrust Financial in a research report on Tuesday, July 7th. They set an “outperform” rating and a $180.00 price target on the stock. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $177.77.

Institutional Investors Weigh In On Wintrust Financial

Hedge funds have recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Wintrust Financial in the 2nd quarter valued at $27,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Wintrust Financial in the 2nd quarter worth $36,000. Elyxium Wealth LLC purchased a new stake in shares of Wintrust Financial in the fourth quarter valued at about $31,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of Wintrust Financial by 231.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank’s stock valued at $32,000 after acquiring an additional 160 shares in the last quarter. Finally, Advisors Asset Management Inc. acquired a new position in shares of Wintrust Financial during the first quarter worth about $27,000. 93.48% of the stock is owned by institutional investors and hedge funds.

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.