Wintrust Financial Corp (WTFC) EVP David A. Dykstra Sells 11,235 Shares
Wintrust Financial Corp (NASDAQ:WTFC) EVP David A. Dykstra sold 11,235 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $87.56, for a total transaction of $983,736.60. Following the transaction, the executive vice president now owns 39,365 shares in the company, valued at $3,446,799.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Wintrust Financial Corp (WTFC) opened at $86.66 on Friday. 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 Corp has a 52-week low of $64.14 and a 52-week high of $89.34. The company has a market cap of $4,807.41 and a price-to-earnings ratio of 19.70.
Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Monday, January 22nd. The bank reported $1.17 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.04. Wintrust Financial had a net margin of 20.35% and a return on equity of 9.49%. The firm had revenue of $300.14 million during the quarter, compared to analysts’ expectations of $299.47 million. During the same period in the previous year, the business posted $0.94 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. equities analysts predict that Wintrust Financial Corp will post 5.56 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the business. Cerebellum GP LLC bought a new position in Wintrust Financial during the fourth quarter worth $126,000. Bank of New York Mellon Corp boosted its position in Wintrust Financial by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 735,233 shares of the bank’s stock worth $57,576,000 after purchasing an additional 20,848 shares during the period. Wells Fargo & Company MN boosted its position in Wintrust Financial by 3.9% during the third quarter. Wells Fargo & Company MN now owns 298,804 shares of the bank’s stock worth $23,399,000 after purchasing an additional 11,209 shares during the period. Rothschild Asset Management Inc. boosted its position in Wintrust Financial by 1.7% during the third quarter. Rothschild Asset Management Inc. now owns 489,420 shares of the bank’s stock worth $38,326,000 after purchasing an additional 8,002 shares during the period. Finally, Axiom International Investors LLC DE boosted its position in Wintrust Financial by 65.9% during the third quarter. Axiom International Investors LLC DE now owns 54,847 shares of the bank’s stock worth $4,295,000 after purchasing an additional 21,780 shares during the period. 91.22% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on the stock. DA Davidson boosted their target price on shares of Wintrust Financial to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. BidaskClub upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. SunTrust Banks restated a “hold” rating and set a $94.00 target price on shares of Wintrust Financial in a report on Tuesday, January 9th. Piper Jaffray Companies restated a “hold” rating and set a $86.00 target price on shares of Wintrust Financial in a report on Tuesday, January 9th. Finally, Zacks Investment Research upgraded shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Saturday, January 6th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Wintrust Financial has an average rating of “Hold” and an average target price of $87.56.
Wintrust Financial Company Profile
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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