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 stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $115.63, for a total transaction of $473,967.37. Following the transaction, the insider now directly owns 42,311 shares of the company’s stock, valued at $4,892,420.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wintrust Financial Stock Down 1.4 %

Shares of NASDAQ WTFC opened at $115.89 on Friday. The company has a market cap of $7.71 billion, a P/E ratio of 12.14 and a beta of 1.16. The firm has a 50-day simple moving average of $108.83 and a two-hundred day simple moving average of $102.81. Wintrust Financial Co. has a 1 year low of $73.37 and a 1 year high of $118.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 1.01.

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 analysts’ consensus estimates 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 analysts’ expectations of $623.45 million. During the same quarter in the previous year, the firm earned $2.53 EPS. Wintrust Financial’s revenue was up 7.1% compared to the same quarter last year. Research analysts anticipate that Wintrust Financial Co. will post 10.13 earnings per share for the current year.

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, November 7th. This represents a $1.80 dividend on an annualized basis and a yield of 1.55%. Wintrust Financial’s payout ratio is 18.85%.

Institutional Investors Weigh In On Wintrust Financial

Several large investors have recently added to or reduced their stakes in WTFC. Principal Financial Group Inc. boosted its holdings in shares of Wintrust Financial by 11.3% in the third quarter. Principal Financial Group Inc. now owns 1,308,254 shares of the bank’s stock valued at $141,981,000 after purchasing an additional 133,311 shares during the period. Vestor Capital LLC lifted its holdings in shares of Wintrust Financial by 7.2% in the 3rd quarter. Vestor Capital LLC now owns 19,506 shares of the bank’s stock worth $2,117,000 after buying an additional 1,303 shares during the period. Forum Financial Management LP grew its position in shares of Wintrust Financial by 2.8% during the 3rd quarter. Forum Financial Management LP now owns 6,065 shares of the bank’s stock worth $658,000 after buying an additional 166 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Wintrust Financial by 93.7% during the third quarter. Harbor Capital Advisors Inc. now owns 81,012 shares of the bank’s stock valued at $8,792,000 after buying an additional 39,181 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Wintrust Financial by 8.1% in the third quarter. Janney Montgomery Scott LLC now owns 10,539 shares of the bank’s stock valued at $1,144,000 after acquiring an additional 790 shares in the last quarter. 93.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WTFC has been the subject of a number of research reports. Stephens reissued an “overweight” rating and set a $115.00 price target on shares of Wintrust Financial in a research note on Thursday, July 18th. Piper Sandler raised their target price on shares of Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Wedbush reaffirmed an “outperform” rating and set a $130.00 price target on shares of Wintrust Financial in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods lowered shares of Wintrust Financial from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $110.00 to $115.00 in a research report on Friday, July 19th. Finally, Royal Bank of Canada boosted their target price on shares of Wintrust Financial from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Tuesday, July 9th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Wintrust Financial currently has an average rating of “Moderate Buy” and an average price target of $123.00.

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.