Short Interest in Wintrust Financial Co. (NASDAQ:WTFCP) Drops By 23.0%

Posted by Donna Armstrong on Oct 15th, 2024

Wintrust Financial Co. (NASDAQ:WTFCP – Get Free Report) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 31,100 shares, a decrease of 23.0% from the September 15th total of 40,400 shares. Based on an average trading volume of 64,900 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Wintrust Financial

A hedge fund recently bought a new stake in Wintrust Financial stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Wintrust Financial Co. (NASDAQ:WTFCP – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,200 shares of the company’s stock, valued at approximately $55,000.

Wintrust Financial Price Performance

Shares of WTFCP stock traded up $0.05 during trading hours on Tuesday, reaching $25.13. 5,925 shares of the stock were exchanged, compared to its average volume of 37,896. Wintrust Financial has a 12-month low of $23.11 and a 12-month high of $25.49. The company’s 50-day moving average price is $25.10 and its 200-day moving average price is $24.95.

Wintrust Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.4297 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.72 annualized dividend and a dividend yield of 6.84%.

About Wintrust Financial

(Get Free Report)

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.