Insider Selling: Wintrust Financial Co. (NASDAQ:WTFC) EVP Sells $22,256.91 in Stock

Wintrust Financial Co. (NASDAQ:WTFC) EVP Jeffrey D. Hahnfeld sold 221 shares of Wintrust Financial stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $100.71, for a total value of $22,256.91. Following the transaction, the executive vice president now directly owns 1,867 shares in the company, valued at $188,025.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Wintrust Financial Trading Down 0.2 %

Shares of WTFC stock opened at $99.01 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 10.24 and a beta of 1.21. Wintrust Financial Co. has a 12-month low of $58.12 and a 12-month high of $105.29. The stock’s 50-day moving average price is $98.56 and its 200-day moving average price is $91.62.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.47. The business had revenue of $604.77 million for the quarter, compared to the consensus estimate of $577.80 million. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.80 EPS. Equities research analysts predict that Wintrust Financial Co. will post 10.17 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on WTFC shares. Jefferies Financial Group raised their target price on shares of Wintrust Financial from $114.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Barclays lowered their target price on shares of Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. StockNews.com raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. Raymond James raised their price target on Wintrust Financial from $95.00 to $115.00 and gave the company a “strong-buy” rating in a report on Friday, January 19th. Finally, Royal Bank of Canada upped their price objective on Wintrust Financial from $109.00 to $116.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $112.33.

Institutional Investors Weigh In On Wintrust Financial

Hedge funds have recently bought and sold shares of the business. FMR LLC grew its stake in shares of Wintrust Financial by 11.5% in the 3rd quarter. FMR LLC now owns 4,651,381 shares of the bank’s stock worth $351,179,000 after buying an additional 480,942 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Wintrust Financial by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,866,032 shares of the bank’s stock valued at $265,829,000 after acquiring an additional 80,526 shares during the last quarter. Victory Capital Management Inc. grew its position in Wintrust Financial by 4.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,843,679 shares of the bank’s stock worth $171,001,000 after acquiring an additional 79,672 shares in the last quarter. Capital International Investors increased its stake in Wintrust Financial by 79.5% during the fourth quarter. Capital International Investors now owns 1,566,003 shares of the bank’s stock worth $145,247,000 after acquiring an additional 693,452 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its position in Wintrust Financial by 21.5% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,172,242 shares of the bank’s stock valued at $88,504,000 after purchasing an additional 207,606 shares during the period. Hedge funds and other institutional investors own 93.48% of the company’s stock.

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.