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 the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $131.32, for a total value of $310,309.16. Following the completion of the sale, the chief financial officer now directly owns 19,858 shares of the company’s stock, valued at $2,607,752.56. This represents a 10.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Wintrust Financial Price Performance

Shares of Wintrust Financial stock traded up $0.91 during mid-day trading on Wednesday, reaching $133.02. 444,490 shares of the stock were exchanged, compared to its average volume of 504,840. The company has a market cap of $8.84 billion, a price-to-earnings ratio of 12.90 and a beta of 1.20. Wintrust Financial Co. has a fifty-two week low of $89.68 and a fifty-two week high of $142.04. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. The firm has a 50-day simple moving average of $131.07 and a 200 day simple moving average of $117.31.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the firm earned $1.87 earnings per share. On average, sell-side analysts predict that Wintrust Financial Co. will post 10.17 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. FMR LLC increased its stake in shares of Wintrust Financial by 14.1% in the 3rd quarter. FMR LLC now owns 5,153,999 shares of the bank’s stock valued at $559,364,000 after buying an additional 637,072 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Wintrust Financial by 36.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank’s stock valued at $87,132,000 after purchasing an additional 213,559 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Wintrust Financial by 11.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock worth $141,981,000 after buying an additional 133,311 shares during the period. State Street Corp raised its stake in shares of Wintrust Financial by 5.1% during the third quarter. State Street Corp now owns 2,627,561 shares of the bank’s stock worth $285,169,000 after buying an additional 126,724 shares during the last quarter. Finally, Lightrock Netherlands B.V. bought a new stake in shares of Wintrust Financial during the 4th quarter valued at $14,970,000. Institutional investors own 93.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on WTFC shares. Truist Financial raised shares of Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. StockNews.com cut shares of Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, January 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $152.00 price target on shares of Wintrust Financial in a report on Thursday, January 23rd. DA Davidson lifted their price objective on Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Raymond James restated a “strong-buy” rating and issued a $150.00 target price (up from $135.00) on shares of Wintrust Financial in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Wintrust Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.69.

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.