David L. Stoehr Sells 1,607 Shares of Wintrust Financial Co. (NASDAQ:WTFC) Stock

Wintrust Financial Co. (NASDAQ:WTFC) CFO David L. Stoehr sold 1,607 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $113.46, for a total value of $182,330.22. Following the transaction, the chief financial officer now owns 14,874 shares in the company, valued at $1,687,604.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Wintrust Financial Price Performance

Shares of WTFC traded down $1.15 on Friday, hitting $113.02. The company’s stock had a trading volume of 305,265 shares, compared to its average volume of 383,999. The company has a 50 day moving average price of $107.44 and a 200 day moving average price of $102.24. Wintrust Financial Co. has a fifty-two week low of $72.14 and a fifty-two week high of $117.77. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 0.99. The company has a market capitalization of $7.52 billion, a PE ratio of 11.95 and a beta of 1.16.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, October 21st. The bank reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by ($0.03). Wintrust Financial had a return on equity of 11.99% and a net margin of 16.52%. The firm had revenue of $615.73 million for the quarter, compared to analyst estimates of $623.45 million. During the same period in the prior year, the company posted $2.53 EPS. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, research analysts anticipate that Wintrust Financial Co. will post 10.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WTFC has been the topic of several analyst reports. DA Davidson upped their price objective on Wintrust Financial from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday. Truist Financial upped their price objective on Wintrust Financial from $123.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday. Royal Bank of Canada upped their price objective on Wintrust Financial from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Tuesday, July 9th. Keefe, Bruyette & Woods lowered Wintrust Financial from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $110.00 to $115.00 in a research note on Friday, July 19th. Finally, Jefferies Financial Group lowered their price objective on Wintrust Financial from $118.00 to $116.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Wintrust Financial has a consensus rating of “Moderate Buy” and an average target price of $123.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Wintrust Financial by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 6,452,753 shares of the bank’s stock worth $673,603,000 after buying an additional 244,168 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Wintrust Financial by 157.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 190,416 shares of the bank’s stock valued at $19,878,000 after purchasing an additional 116,503 shares during the period. Capital International Investors lifted its stake in shares of Wintrust Financial by 4.6% in the 1st quarter. Capital International Investors now owns 1,638,085 shares of the bank’s stock valued at $171,000,000 after purchasing an additional 72,082 shares during the period. Choreo LLC acquired a new position in shares of Wintrust Financial in the 2nd quarter valued at $1,115,000. Finally, Raymond James & Associates lifted its stake in shares of Wintrust Financial by 2.7% in the 2nd quarter. Raymond James & Associates now owns 207,944 shares of the bank’s stock valued at $20,495,000 after purchasing an additional 5,563 shares during the period. Institutional investors and hedge funds 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.