Wintrust Financial Co. (NASDAQ:WTFC) Insider Sells $418,321.80 in Stock

Wintrust Financial Co. (NASDAQ:WTFC) insider Richard B. Murphy sold 3,186 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $131.30, for a total transaction of $418,321.80. Following the transaction, the insider now directly owns 48,814 shares in the company, valued at approximately $6,409,278.20. The trade was a 6.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Wintrust Financial Trading Down 0.8 %

Wintrust Financial stock opened at $130.81 on Friday. The firm’s 50-day moving average is $130.95 and its 200-day moving average is $117.68. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. Wintrust Financial Co. has a 1 year low of $89.68 and a 1 year high of $142.04. The company has a market cap of $8.70 billion, a P/E ratio of 12.69 and a beta of 1.20.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.11. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same period in the prior year, the company posted $1.87 EPS. On average, equities analysts expect that Wintrust Financial Co. will post 10.3 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. Stockholders of record on Thursday, February 6th will be given a $0.50 dividend. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Thursday, February 6th. Wintrust Financial’s dividend payout ratio (DPR) is presently 17.46%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new stake in shares of Wintrust Financial in the 3rd quarter worth about $35,000. Global Retirement Partners LLC increased its holdings in shares of Wintrust Financial by 63.5% in the 4th quarter. Global Retirement Partners LLC now owns 376 shares of the bank’s stock worth $47,000 after acquiring an additional 146 shares during the period. UMB Bank n.a. increased its holdings in shares of Wintrust Financial by 62.0% in 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. Brooklyn Investment Group acquired a new stake in shares of Wintrust Financial in the 3rd quarter worth about $61,000. Finally, Versant Capital Management Inc increased its holdings in shares of Wintrust Financial by 32.1% in the 4th quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock worth $67,000 after acquiring an additional 131 shares during the period. 93.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WTFC has been the subject of several analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $152.00 target price on shares of Wintrust Financial in a research note on Thursday, January 23rd. Wedbush restated an “outperform” rating and issued a $130.00 target price on shares of Wintrust Financial in a research note on Tuesday, October 22nd. UBS Group initiated coverage on shares of Wintrust Financial in a research note on Tuesday, December 17th. They issued a “buy” rating and a $157.00 target price for the company. Truist Financial upgraded shares of Wintrust Financial to a “strong-buy” rating in a research note on Monday, January 6th. Finally, DA Davidson upped their target price on shares of Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.