Insider Selling: Wintrust Financial Co. (NASDAQ:WTFC) CFO Sells 1,607 Shares of Stock

Wintrust Financial Co. (NASDAQ:WTFC) CFO David L. Stoehr sold 1,607 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $113.46, for a total value of $182,330.22. Following the completion of the sale, the chief financial officer now owns 14,874 shares in the company, valued at approximately $1,687,604.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Wintrust Financial Stock Down 1.0 %

NASDAQ WTFC opened at $113.02 on Friday. The business’s fifty day simple moving average is $107.69 and its 200-day simple moving average is $102.32. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. The firm has a market cap of $6.98 billion, a PE ratio of 11.69 and a beta of 1.16. Wintrust Financial Co. has a 52 week low of $72.14 and a 52 week high of $117.77.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, October 21st. The bank reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.03). Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The firm had revenue of $615.73 million for the quarter, compared to analysts’ expectations of $623.45 million. During the same period last year, the firm earned $2.53 earnings per share. Wintrust Financial’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities analysts anticipate that Wintrust Financial Co. will post 10.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Piper Sandler increased their price objective on shares of Wintrust Financial from $131.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday. Jefferies Financial Group dropped their price objective on shares of Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Keefe, Bruyette & Woods lowered shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and raised their price target for the company from $110.00 to $115.00 in a research report on Friday, July 19th. Royal Bank of Canada upped their price objective on shares of Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 9th. Finally, Stephens reiterated an “overweight” rating and set a $115.00 price target on shares of Wintrust Financial in a research report on Thursday, July 18th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Wintrust Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Wintrust Financial by 3.9% during the first quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock worth $673,603,000 after acquiring an additional 244,168 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Wintrust Financial by 5.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,017,295 shares of the bank’s stock worth $297,376,000 after purchasing an additional 146,090 shares during the period. F M Investments LLC acquired a new stake in shares of Wintrust Financial during the 2nd quarter worth about $11,850,000. Allspring Global Investments Holdings LLC raised its holdings in Wintrust Financial by 157.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 190,416 shares of the bank’s stock valued at $19,878,000 after buying an additional 116,503 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. lifted its position in Wintrust Financial by 15.5% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 630,824 shares of the bank’s stock valued at $62,174,000 after buying an additional 84,687 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Wintrust Financial Company Profile

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.