Wintrust Financial (WTFC) Earning Somewhat Favorable Press Coverage, Report Finds
Media stories about Wintrust Financial (NASDAQ:WTFC) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Wintrust Financial earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 45.4318624716185 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern’s scoring:
- Keefe, Bruyette & Woods Reaffirms Buy Rating for Wintrust Financial (WTFC) (americanbankingnews.com)
- BRIEF-Wintrust Announces Veterans First Mortgage Acquisition Agreement (WTFC) (uk.news.yahoo.com)
- Wintrust Announces Veterans First Mortgage Acquisition Agreement Nasdaq:WTFC (menafn.com)
- Wintrust Financial (WTFC) Reports Agreement to Acquire Certain Assets of iFreedom Direct Corp. dba Veterans First Mortgage (streetinsider.com)
- WINTRUST FINANCIAL CORPORATION (NASDAQ:WTFC) Files An 8-K Entry into a Material Definitive Agreement (4-traders.com)
Wintrust Financial (WTFC) traded up $2.83 during trading on Friday, reaching $82.99. 1,627,417 shares of the company’s stock were exchanged, compared to its average volume of 404,814. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.40. Wintrust Financial has a 52 week low of $64.14 and a 52 week high of $86.80. The firm has a market cap of $4,542.09, a P/E ratio of 19.48, a PEG ratio of 1.37 and a beta of 0.83.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Thursday, November 9th were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, November 8th. This represents a $0.56 dividend on an annualized basis and a yield of 0.67%. Wintrust Financial’s payout ratio is presently 13.43%.
Several equities research analysts have recently weighed in on the stock. BidaskClub lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a report on Friday. SunTrust Banks set a $79.00 target price on shares of Wintrust Financial and gave the stock a “hold” rating in a report on Thursday, October 19th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $90.00 target price on shares of Wintrust Financial in a report on Thursday. Royal Bank of Canada reaffirmed a “buy” rating and issued a $84.00 target price on shares of Wintrust Financial in a report on Friday, September 8th. Finally, Zacks Investment Research lowered shares of Wintrust Financial from a “buy” rating to a “hold” rating in a report on Friday, September 8th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $83.50.
In related news, EVP David A. Dykstra sold 22,476 shares of the stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $79.86, for a total value of $1,794,933.36. Following the sale, the executive vice president now directly owns 188,604 shares in the company, valued at approximately $15,061,915.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Edward J. Wehmer sold 9,000 shares of the stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $79.91, for a total transaction of $719,190.00. Following the completion of the sale, the chief executive officer now owns 121,873 shares in the company, valued at $9,738,871.43. The disclosure for this sale can be found here. Insiders sold a total of 44,500 shares of company stock worth $3,563,512 over the last quarter. 2.00% of the stock is currently owned by corporate insiders.
About Wintrust Financial
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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