Wintrust Financial Co. (NASDAQ:WTFC) Short Interest Update

Wintrust Financial Co. (NASDAQ:WTFC) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 766,900 shares, a growth of 17.2% from the November 15th total of 654,300 shares. Based on an average daily volume of 398,500 shares, the short-interest ratio is presently 1.9 days.

Wall Street Analyst Weigh In

Several research analysts have recently commented on WTFC shares. DA Davidson lifted their target price on Wintrust Financial from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Truist Financial lifted their price objective on shares of Wintrust Financial from $123.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Wedbush reiterated an “outperform” rating and issued a $130.00 price objective on shares of Wintrust Financial in a report on Tuesday, October 22nd. Barclays raised their target price on shares of Wintrust Financial from $130.00 to $151.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Finally, Piper Sandler upped their price target on shares of Wintrust Financial from $131.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Three research 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 company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $124.62.

Wintrust Financial Trading Down 1.3 %

Shares of Wintrust Financial stock opened at $131.41 on Monday. The firm’s 50-day moving average price is $124.79 and its two-hundred day moving average price is $110.07. The company has a market capitalization of $8.74 billion, a price-to-earnings ratio of 13.76 and a beta of 1.18. 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 has a 12-month low of $89.68 and a 12-month high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings results 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 quarter in the prior year, the business posted $2.53 EPS. The business’s revenue was up 7.1% on a year-over-year basis. On average, analysts forecast that Wintrust Financial will post 10.12 earnings per share for the current fiscal year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.37%. Wintrust Financial’s dividend payout ratio (DPR) is currently 18.85%.

Insider Activity

In related news, COO David A. Dykstra sold 15,492 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $115.48, for a total transaction of $1,789,016.16. Following the completion of the transaction, the chief operating officer now directly owns 197,591 shares of the company’s stock, valued at approximately $22,817,808.68. This represents a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Richard B. Murphy sold 4,099 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 42,311 shares in the company, valued at approximately $4,892,420.93. This represents a 8.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,198 shares of company stock worth $2,445,314 over the last ninety days. Insiders own 1.47% of the company’s stock.

Institutional Trading of Wintrust Financial

Several institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in Wintrust Financial in the 3rd quarter valued at approximately $35,000. UMB Bank n.a. lifted its stake in shares of Wintrust Financial by 62.0% in the 3rd quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after acquiring an additional 196 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Wintrust Financial during the 3rd quarter valued at $61,000. Covestor Ltd boosted its holdings in shares of Wintrust Financial by 77.9% during the 3rd quarter. Covestor Ltd now owns 653 shares of the bank’s stock valued at $71,000 after acquiring an additional 286 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Wintrust Financial by 11.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 866 shares of the bank’s stock worth $85,000 after acquiring an additional 91 shares during the last quarter. 93.48% of the stock is currently owned by institutional investors.

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.