Richard Murphy Sells 3,291 Shares of Wintrust Financial (NASDAQ:WTFC) Stock

by · The Markets Daily

Wintrust Financial Corporation (NASDAQ:WTFC – Get Free Report) insider Richard Murphy sold 3,291 shares of Wintrust Financial stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $146.05, for a total value of $480,650.55. Following the completion of the transaction, the insider directly owned 46,049 shares of the company’s stock, valued at $6,725,456.45. This represents a 6.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Wintrust Financial Price Performance

Shares of Wintrust Financial stock traded down $0.41 on Friday, reaching $147.49. 396,452 shares of the stock were exchanged, compared to its average volume of 484,686. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.99 and a current ratio of 1.00. Wintrust Financial Corporation has a one year low of $89.10 and a one year high of $155.99. The firm has a market cap of $9.88 billion, a PE ratio of 12.94 and a beta of 0.88. The firm’s 50 day moving average is $141.90 and its 200-day moving average is $134.66.

Wintrust Financial (NASDAQ:WTFC – Get Free Report) last issued its quarterly earnings data on Tuesday, January 20th. The bank reported $3.15 EPS for the quarter, beating the consensus estimate of $2.93 by $0.22. Wintrust Financial had a net margin of 19.48% and a return on equity of 12.95%. The business had revenue of $586.67 million during the quarter, compared to the consensus estimate of $700.85 million. During the same quarter in the prior year, the firm earned $2.63 EPS. As a group, analysts anticipate that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Thursday, February 5th will be paid a $0.55 dividend. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.50. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, February 5th. Wintrust Financial’s payout ratio is presently 17.54%.

Hedge Funds Weigh In On Wintrust Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. purchased a new stake in Wintrust Financial during the 1st quarter valued at about $27,000. Jones Financial Companies Lllp boosted its stake in shares of Wintrust Financial by 49.0% during the 1st quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank’s stock worth $115,000 after acquiring an additional 335 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Wintrust Financial by 7.2% during the 1st 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 in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Wintrust Financial by 2.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,767 shares of the bank’s stock worth $1,025,000 after purchasing an additional 155 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Wintrust Financial by 20.4% in the second quarter. Farther Finance Advisors LLC now owns 601 shares of the bank’s stock valued at $74,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WTFC. Piper Sandler boosted their price target on Wintrust Financial from $161.00 to $184.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Truist Financial increased their target price on shares of Wintrust Financial from $158.00 to $170.00 and gave the company a “buy” rating in a report on Monday. Stephens upped their price objective on Wintrust Financial from $158.00 to $162.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. Jefferies Financial Group decreased their target price on Wintrust Financial from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Wintrust Financial in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $164.42.

Read Our Latest Report on Wintrust Financial

About Wintrust Financial

(Get Free Report)

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.

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