David A. Dykstra Sells 4,213 Shares of Wintrust Financial Co. (NASDAQ:WTFC) Stock

Wintrust Financial Co. (NASDAQ:WTFC) COO David A. Dykstra sold 4,213 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $131.31, for a total value of $553,209.03. Following the transaction, the chief operating officer now owns 206,294 shares of the company’s stock, valued at approximately $27,088,465.14. This trade represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Wintrust Financial Stock Down 0.7 %

WTFC opened at $131.89 on Friday. Wintrust Financial Co. has a twelve month low of $89.68 and a twelve month high of $142.04. The firm has a market cap of $8.77 billion, a price-to-earnings ratio of 12.79 and a beta of 1.20. The firm’s 50-day simple moving average is $131.07 and its 200-day simple moving average is $117.51. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC) last issued its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.11. Wintrust Financial had a net margin of 17.52% and a return on equity of 12.60%. During the same quarter in the previous year, the business earned $1.87 EPS. Equities research analysts anticipate that Wintrust Financial Co. will post 10.17 EPS for the current fiscal year.

Wintrust Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $2.00 dividend on an annualized basis and a yield of 1.52%. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.45. Wintrust Financial’s payout ratio is currently 19.40%.

Institutional Trading of Wintrust Financial

Several large investors have recently made changes to their positions in WTFC. International Assets Investment Management LLC acquired a new position in Wintrust Financial during the 3rd quarter worth about $35,000. UMB Bank n.a. lifted its position in shares of Wintrust Financial by 62.0% during the third quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock worth $56,000 after purchasing an additional 196 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Wintrust Financial during the third quarter valued at approximately $61,000. Versant Capital Management Inc increased its holdings in shares of Wintrust Financial by 32.1% in the fourth quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock valued at $67,000 after purchasing an additional 131 shares in the last quarter. Finally, Covestor Ltd raised its position in Wintrust Financial by 77.9% in the 3rd quarter. Covestor Ltd now owns 653 shares of the bank’s stock worth $71,000 after purchasing an additional 286 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on WTFC. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 target price on shares of Wintrust Financial in a research note on Thursday, January 23rd. Truist Financial raised shares of Wintrust Financial to a “strong-buy” rating in a research report on Monday, January 6th. Citigroup lifted their target price on Wintrust Financial from $126.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Raymond James reaffirmed a “strong-buy” rating and issued a $150.00 price target (up previously from $135.00) on shares of Wintrust Financial in a report on Thursday, January 23rd. Finally, Wedbush restated an “outperform” rating and set a $130.00 price objective on shares of Wintrust Financial in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $133.69.

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.