Wintrust Financial Co. (NASDAQ:WTFC) Insider Richard B. Murphy Sells 4,099 Shares

Wintrust Financial Co. (NASDAQ:WTFC) insider Richard B. Murphy sold 4,099 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $115.63, for a total value of $473,967.37. Following the transaction, the insider now owns 42,311 shares of the company’s stock, valued at approximately $4,892,420.93. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wintrust Financial Trading Up 1.6 %

Shares of WTFC stock opened at $117.56 on Thursday. The stock has a 50-day simple moving average of $108.57 and a 200 day simple moving average of $102.72. The stock has a market capitalization of $7.82 billion, a P/E ratio of 12.31 and a beta of 1.16. Wintrust Financial Co. has a fifty-two week low of $73.37 and a fifty-two week high of $118.69. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.73.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, October 21st. The bank reported $2.47 earnings per share for the quarter, missing the consensus estimate of $2.50 by ($0.03). Wintrust Financial had a net margin of 16.52% and a return on equity of 11.99%. The business had revenue of $615.73 million for the quarter, compared to the consensus estimate of $623.45 million. During the same quarter last year, the business posted $2.53 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, sell-side analysts expect that Wintrust Financial Co. will post 10.13 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.53%. Wintrust Financial’s dividend payout ratio (DPR) is presently 18.85%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wedbush restated an “outperform” rating and set a $130.00 price target on shares of Wintrust Financial in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods lowered shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and raised their price target for the company from $110.00 to $115.00 in a research note on Friday, July 19th. Piper Sandler lifted their price target on Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. DA Davidson increased their price objective on Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Jefferies Financial Group cut their target price 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 equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $123.00.

Hedge Funds Weigh In On Wintrust Financial

A number of hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc lifted its holdings in shares of Wintrust Financial by 825.0% during the second quarter. Versant Capital Management Inc now owns 296 shares of the bank’s stock valued at $29,000 after purchasing an additional 264 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Wintrust Financial during the 3rd quarter worth about $35,000. UMB Bank n.a. lifted its stake in Wintrust Financial by 62.0% during the third quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after buying an additional 196 shares in the last quarter. Whittier Trust Co. boosted its holdings in shares of Wintrust Financial by 138.8% in the first quarter. Whittier Trust Co. now owns 578 shares of the bank’s stock worth $60,000 after buying an additional 336 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Wintrust Financial by 62.6% during the second quarter. GAMMA Investing LLC now owns 818 shares of the bank’s stock valued at $81,000 after acquiring an additional 315 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

About Wintrust Financial

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.