David A. Dykstra Sells 4,213 Shares of Wintrust Financial Co. (NASDAQ:WTFC) Stock

Wintrust Financial Co. (NASDAQ:WTFCGet Free Report) COO David A. Dykstra sold 4,213 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $131.31, for a total value of $553,209.03. Following the completion of the transaction, the chief operating officer now directly owns 206,294 shares in the company, valued at $27,088,465.14. This represents a 2.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Wintrust Financial Price Performance

WTFC opened at $131.89 on Friday. The stock has a fifty day moving average price of $131.07 and a 200 day moving average price of $117.51. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71. Wintrust Financial Co. has a 1 year low of $89.68 and a 1 year high of $142.04. The stock has a market cap of $8.77 billion, a price-to-earnings ratio of 12.79 and a beta of 1.20.

Wintrust Financial (NASDAQ:WTFCGet Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share (EPS) for the quarter, beating 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 last year, the business posted $1.87 earnings per share. Analysts forecast that Wintrust Financial Co. will post 10.17 EPS for the current fiscal 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 paid a dividend of $0.50 per share. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, February 6th. This represents a $2.00 annualized dividend and a dividend yield of 1.52%. Wintrust Financial’s dividend payout ratio is 19.40%.

Analysts Set New Price Targets

WTFC has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $152.00 target price on shares of Wintrust Financial in a research report on Thursday, January 23rd. UBS Group began 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. Wedbush reiterated an “outperform” rating and issued a $130.00 target price on shares of Wintrust Financial in a report on Tuesday, October 22nd. Truist Financial upgraded shares of Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. Finally, StockNews.com lowered shares of Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $133.69.

Read Our Latest Research Report on WTFC

Institutional Investors Weigh In On Wintrust Financial

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

Wintrust Financial Company Profile

(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.

Further Reading

Insider Buying and Selling by Quarter for Wintrust Financial (NASDAQ:WTFC)

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