Wintrust Financial Corporation (WTFC) to Issue Quarterly Dividend of $0.55 on November 19th

Wintrust Financial Corporation (NASDAQ:WTFC) announced a quarterly dividend on Thursday, October 22nd. Shareholders of record on Thursday, November 5th will be paid a dividend of $0.55 per share by the bank on Thursday, November 19th. This represents a $2.20 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, November 5th.

Wintrust Financial has increased its dividend by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 12 consecutive years. Wintrust Financial has a dividend payout ratio of 19.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Wintrust Financial to earn $14.08 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 15.6%.

Wintrust Financial Stock Performance

Shares of NASDAQ WTFC opened at $157.40 on Tuesday. The stock has a market capitalization of $10.62 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.10 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 has a 52 week low of $122.00 and a 52 week high of $167.21. The stock has a 50 day moving average price of $148.13 and a 200 day moving average price of $150.25.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Monday, October 19th. The bank reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.06. The firm had revenue of $757.88 million during the quarter, compared to analysts’ expectations of $754.54 million. Wintrust Financial had a net margin of 21.03% and a return on equity of 13.31%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.06 earnings per share. Analysts predict that Wintrust Financial will post 13.29 earnings per share for the current fiscal year.

Insider Activity at Wintrust Financial

In other Wintrust Financial news, insider Richard B. Murphy sold 7,136 shares of the firm’s stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $148.66, for a total value of $1,060,837.76. Following the completion of the sale, the insider directly owned 30,107 shares of the company’s stock, valued at $4,475,706.62. This trade represents a 19.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO David A. Dykstra sold 13,515 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following the transaction, the chief operating officer owned 166,449 shares of the company’s stock, valued at $27,092,903.73. This represents a 7.51% decrease in their position. The SEC filing for this sale provides additional information. 1.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On Wintrust Financial

Hedge funds have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC increased its position in shares of Wintrust Financial by 46.7% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 2,215 shares of the bank’s stock valued at $314,000 after purchasing an additional 705 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Wintrust Financial by 40.6% during the third quarter. Chicago Partners Investment Group LLC now owns 5,025 shares of the bank’s stock valued at $758,000 after buying an additional 1,450 shares during the period. Provenance Wealth Advisors LLC bought a new position in Wintrust Financial in the third quarter worth $316,000. Vise Technologies Inc. increased its stake in shares of Wintrust Financial by 53.0% during the third quarter. Vise Technologies Inc. now owns 7,039 shares of the bank’s stock valued at $998,000 after purchasing an additional 2,438 shares in the last quarter. Finally, CHICAGO TRUST Co NA grew its stake in shares of Wintrust Financial by 24.1% in the third quarter. CHICAGO TRUST Co NA now owns 128,481 shares of the bank’s stock worth $18,221,000 after acquiring an additional 24,970 shares during the last quarter. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wintrust Financial Company Profile

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.