Somewhat Favorable News Coverage Somewhat Unlikely to Impact Wintrust Financial (WTFC) Stock Price
Headlines about Wintrust Financial (NASDAQ:WTFC) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Wintrust Financial earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 45.84528091525 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Several research firms have issued reports on WTFC. FIG Partners downgraded shares of Wintrust Financial from an “outperform” rating to a “market perform” rating in a research note on Monday, March 12th. BidaskClub upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Friday, March 9th. ValuEngine upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $100.00 price objective on shares of Wintrust Financial in a research note on Tuesday, February 27th. Finally, Zacks Investment Research downgraded shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Wintrust Financial presently has a consensus rating of “Hold” and an average target price of $89.78.
Wintrust Financial stock traded down $1.89 on Monday, reaching $89.42. 468,587 shares of the company’s stock traded hands, compared to its average volume of 359,451. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. Wintrust Financial has a 12 month low of $64.14 and a 12 month high of $91.67. The stock has a market capitalization of $5,133.68, a P/E ratio of 20.32, a P/E/G ratio of 1.23 and a beta of 0.84.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were given a dividend of $0.19 per share. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.14. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Wednesday, February 7th. Wintrust Financial’s payout ratio is presently 17.27%.
In other news, CFO David L. Stoehr sold 5,268 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $87.59, for a total transaction of $461,424.12. Following the transaction, the chief financial officer now directly owns 11,347 shares of the company’s stock, valued at $993,883.73. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Edward J. Wehmer sold 14,173 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $87.66, for a total transaction of $1,242,405.18. Following the transaction, the insider now directly owns 134,864 shares in the company, valued at $11,822,178.24. The disclosure for this sale can be found here. Over the last three months, insiders have bought 152 shares of company stock worth $10,629 and have sold 30,676 shares worth $2,687,566. Insiders own 1.97% of the company’s stock.
Wintrust Financial Company Profile
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.
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