Suzet Mckinney Sells 500 Shares of Wintrust Financial (NASDAQ:WTFC) Stock

Wintrust Financial Corporation (NASDAQ:WTFC) Director Suzet Mckinney sold 500 shares of Wintrust Financial stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $148.96, for a total transaction of $74,480.00. Following the completion of the transaction, the director owned 3,303 shares of the company’s stock, valued at $492,014.88. This represents a 13.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Wintrust Financial Stock Down 1.4%

Shares of Wintrust Financial stock opened at $151.18 on Friday. Wintrust Financial Corporation has a 52-week low of $114.73 and a 52-week high of $162.96. The company has a 50 day moving average of $142.24 and a 200 day moving average of $141.29. 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 company has a market capitalization of $10.20 billion, a P/E ratio of 12.67 and a beta of 0.86.

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

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be paid a dividend of $0.55 per share. The ex-dividend date is Thursday, May 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. Wintrust Financial’s payout ratio is presently 18.44%.

Hedge Funds Weigh In On Wintrust Financial

Large investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. purchased a new stake in shares of Wintrust Financial in the first quarter valued at about $27,000. Jones Financial Companies Lllp raised its holdings in shares of Wintrust Financial by 49.0% in the first quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock valued at $115,000 after buying an additional 335 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of 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 valued at $20,179,000 after buying an additional 12,103 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings 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 last quarter. Finally, Cerity Partners LLC raised its holdings 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 last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

Analyst Upgrades and Downgrades

WTFC has been the subject of a number of analyst reports. TD Cowen boosted their target price on shares of Wintrust Financial from $173.00 to $176.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Royal Bank Of Canada boosted their target price on shares of Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. DA Davidson reiterated a “buy” rating and set a $165.00 target price on shares of Wintrust Financial in a research note on Tuesday, April 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Wintrust Financial in a research note on Wednesday, January 21st. Finally, UBS Group reiterated a “buy” rating and set a $176.00 target price on shares of Wintrust Financial in a research note on Wednesday, February 4th. One research 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 company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $168.92.

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.