David L. Stoehr Sells 2,363 Shares of Wintrust Financial Co. (NASDAQ:WTFC) Stock

Wintrust Financial Co. (NASDAQ:WTFC) CFO David L. Stoehr sold 2,363 shares of Wintrust Financial stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $131.32, for a total transaction of $310,309.16. Following the transaction, the chief financial officer now directly owns 19,858 shares in the company, valued at approximately $2,607,752.56. This represents a 10.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Wintrust Financial Stock Performance

Wintrust Financial stock traded up $0.91 during trading hours on Wednesday, hitting $133.02. The company had a trading volume of 444,490 shares, compared to its average volume of 504,840. The firm has a 50-day moving average of $131.07 and a 200 day moving average of $117.31. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $8.84 billion, a PE ratio of 12.90 and a beta of 1.20. Wintrust Financial Co. has a one year low of $89.68 and a one year high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same quarter in the previous year, the company posted $1.87 earnings per share. On average, sell-side analysts expect that Wintrust Financial Co. will post 10.17 earnings per share for the current year.

Wintrust Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be paid a $0.50 dividend. The ex-dividend date is Thursday, February 6th. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.50%. Wintrust Financial’s dividend payout ratio is 17.46%.

Hedge Funds Weigh In On Wintrust Financial

A number of hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new position in shares of Wintrust Financial during the 3rd quarter worth approximately $35,000. UMB Bank n.a. increased its stake in Wintrust Financial by 62.0% during the 3rd quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock worth $56,000 after acquiring an additional 196 shares during the period. Versant Capital Management Inc raised its holdings in Wintrust Financial by 32.1% in the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock valued at $67,000 after acquiring an additional 131 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Wintrust Financial during the 3rd quarter valued at $61,000. Finally, Covestor Ltd grew its holdings in shares of Wintrust Financial by 77.9% during the 3rd quarter. Covestor Ltd now owns 653 shares of the bank’s stock worth $71,000 after purchasing an additional 286 shares in the last quarter. 93.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on WTFC shares. Raymond James reiterated a “strong-buy” rating and set a $150.00 target price (up from $135.00) on shares of Wintrust Financial in a report on Thursday, January 23rd. UBS Group initiated coverage on Wintrust Financial in a report on Tuesday, December 17th. They set a “buy” rating and a $157.00 price objective on the stock. Barclays increased their target price on Wintrust Financial from $151.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Wedbush reaffirmed an “outperform” rating and issued a $130.00 price target on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Finally, Truist Financial raised shares of Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $133.69.

About Wintrust Financial

Wintrust Financial Corporation operates as a financial holding company. 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), online and mobile banking, and other services.