Wintrust Financial (NASDAQ:WTFC) Insider Sells $1,060,837.76 in Stock

Wintrust Financial Corporation (NASDAQ:WTFC) insider Richard Murphy sold 7,136 shares of the stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $148.66, for a total value of $1,060,837.76. Following the sale, the insider directly owned 30,107 shares in the company, valued at $4,475,706.62. This trade represents a 19.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Wintrust Financial Stock Up 0.7%

WTFC stock traded up $1.02 during trading on Friday, reaching $150.77. 620,922 shares of the company traded hands, compared to its average volume of 517,977. Wintrust Financial Corporation has a 12 month low of $122.00 and a 12 month high of $167.21. The business has a 50 day simple moving average of $148.69 and a 200 day simple moving average of $152.42. The company has a market capitalization of $10.17 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 1.16 and a beta of 0.89. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.97 and a current ratio of 0.98.

Wintrust Financial (NASDAQ:WTFC) last announced its earnings results on Monday, October 19th. The bank reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.06. The business had revenue of $757.88 million during the quarter, compared to the consensus estimate of $754.54 million. Wintrust Financial had a net margin of 21.03% and a return on equity of 13.31%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.06 earnings per share. On average, equities research analysts anticipate that Wintrust Financial Corporation will post 13.24 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 5th will be given a $0.55 dividend. The ex-dividend date of this dividend is Thursday, November 5th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. Wintrust Financial’s payout ratio is presently 16.87%.

Institutional Trading of Wintrust Financial

A number of institutional investors have recently bought and sold shares of the stock. Evergreen Capital Management LLC grew its position in Wintrust Financial by 10.3% during the 3rd quarter. Evergreen Capital Management LLC now owns 3,061 shares of the bank’s stock worth $434,000 after purchasing an additional 285 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Wintrust Financial in the third quarter worth $52,000. Vest Financial LLC raised its holdings in shares of Wintrust Financial by 3.4% in the third quarter. Vest Financial LLC now owns 53,262 shares of the bank’s stock worth $7,554,000 after buying an additional 1,738 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Wintrust Financial by 28.3% in the third quarter. Crossmark Global Holdings Inc. now owns 3,348 shares of the bank’s stock worth $475,000 after buying an additional 739 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of Wintrust Financial by 1.6% during the third quarter. Quadrant Capital Group LLC now owns 9,037 shares of the bank’s stock worth $1,290,000 after buying an additional 145 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wells Fargo & Company assumed coverage on shares of Wintrust Financial in a research note on Thursday, September 24th. They set an “equal weight” rating and a $160.00 price objective for the company. TD Cowen raised their target price on shares of Wintrust Financial from $173.00 to $174.00 and gave the company a “buy” rating in a research note on Wednesday. Capital One Financial set a $170.00 price target on shares of Wintrust Financial in a report on Tuesday, July 21st. Truist Financial upped their price target on Wintrust Financial from $170.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Wintrust Financial in a report on Friday, September 25th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Wintrust Financial presently has an average rating of “Moderate Buy” and an average price target of $175.00.

About Wintrust Financial

Wintrust Financial Corporation (NASDAQ: WTFC) is a financial holding company headquartered in Rosemont, Illinois. Through its network of community banking subsidiaries, the company provides banking and financial services to individuals, families, businesses and institutions.

Its offerings include checking and savings accounts, commercial and consumer lending, residential mortgages, treasury management, cash management and other deposit services. Wintrust also provides wealth management, investment services, insurance-related products and specialized finance solutions, including equipment finance and premium finance.

Founded in 1991, Wintrust has built its business through a community banking model that combines local decision-making and relationship-based service with the resources of a larger financial organization.