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

Wintrust Financial Corporation (NASDAQ:WTFC) COO David Dykstra sold 13,515 shares of the firm’s stock in a transaction that occurred on 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. This trade represents a 7.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Wintrust Financial Trading Up 0.0%

Shares of WTFC stock opened at $162.47 on Friday. Wintrust Financial Corporation has a fifty-two week low of $119.61 and a fifty-two week high of $167.21. 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’s fifty day moving average is $159.75 and its two-hundred day moving average is $151.00. The firm has a market capitalization of $10.96 billion, a P/E ratio of 13.05 and a beta of 0.85.

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

Wintrust Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders 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 of this dividend is Thursday, August 6th. Wintrust Financial’s dividend payout ratio (DPR) is 17.67%.

Hedge Funds Weigh In On Wintrust Financial

A number of institutional investors and hedge funds have recently modified their holdings of WTFC. Polar Asset Management Partners Inc. acquired a new position in shares of Wintrust Financial during the 2nd quarter worth about $27,871,000. Jupiter Topco LLC purchased a new position in shares of Wintrust Financial during the second quarter worth approximately $92,734,000. Hsbc Holdings PLC purchased a new position in Wintrust Financial during the 2nd quarter worth $9,637,000. EFG International AG acquired a new position in Wintrust Financial in the 2nd quarter valued at about $5,907,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Wintrust Financial during the 2nd quarter valued at approximately $5,545,000. Institutional investors and hedge funds own 93.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on WTFC shares. Truist Financial boosted their price target on shares of Wintrust Financial from $170.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Piper Sandler set a $186.00 target price on shares of Wintrust Financial in a report on Wednesday, July 22nd. Barclays boosted 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. 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 for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Wintrust Financial in a research note on Monday, June 29th. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $177.77.

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.