Wintrust Financial (NASDAQ:WTFC) Insider Richard Murphy Sells 7,136 Shares of Stock

Wintrust Financial Corporation (NASDAQ:WTFC) insider Richard Murphy sold 7,136 shares of the firm’s stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $148.66, for a total transaction of $1,060,837.76. Following the sale, the insider directly owned 30,107 shares of the company’s stock, valued at approximately $4,475,706.62. This trade represents a 19.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Wintrust Financial Stock Performance

NASDAQ:WTFC opened at $150.77 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.63. Wintrust Financial Corporation has a twelve month low of $122.00 and a twelve month high of $167.21. The company has a fifty day moving average of $148.46 and a 200-day moving average of $152.41. The firm has a market capitalization of $10.17 billion, a P/E ratio of 11.56, a P/E/G ratio of 1.18 and a beta of 0.89.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, October 19th. The bank reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.06. The business had revenue of $757.88 million for the quarter, compared to analyst estimates of $754.54 million. Wintrust Financial had a net margin of 21.03% and a return on equity of 13.31%. Wintrust Financial’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.06 earnings per share. As a group, sell-side analysts anticipate that Wintrust Financial Corporation will post 13.27 EPS for the current year.

Wintrust Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Thursday, November 5th will be issued a dividend of $0.55 per share. The ex-dividend date is Thursday, November 5th. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. Wintrust Financial’s dividend payout ratio is currently 16.87%.

Analysts Set New Price Targets

Several analysts have recently commented on WTFC shares. Citigroup downgraded Wintrust Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, July 21st. UBS Group reaffirmed a “neutral” rating and set a $170.00 price target on shares of Wintrust Financial in a research note on Tuesday, July 7th. Wells Fargo & Company initiated coverage on Wintrust Financial in a research note on Thursday, September 24th. They set an “equal weight” rating and a $160.00 price target on the stock. Brean Capital lowered Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 price target on the stock. in a report on Tuesday, July 21st. Finally, TD Cowen raised their price objective on Wintrust Financial from $173.00 to $174.00 and gave the company a “buy” rating in a research note on Wednesday. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $175.00.

Institutional Investors Weigh In On Wintrust Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC lifted its position in shares of Wintrust Financial by 7.7% during the 1st quarter. Parallel Advisors LLC now owns 976 shares of the bank’s stock worth $136,000 after buying an additional 70 shares in the last quarter. MeadowBrook Investment Advisors LLC grew its holdings in shares of Wintrust Financial by 3.0% in the first quarter. MeadowBrook Investment Advisors LLC now owns 2,545 shares of the bank’s stock valued at $354,000 after acquiring an additional 75 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of Wintrust Financial by 4.6% in the second quarter. HB Wealth Management LLC now owns 2,072 shares of the bank’s stock valued at $333,000 after acquiring an additional 91 shares in the last quarter. Compound Planning Inc. increased its position in shares of Wintrust Financial by 5.3% during the first quarter. Compound Planning Inc. now owns 1,868 shares of the bank’s stock valued at $260,000 after acquiring an additional 94 shares during the last quarter. Finally, Clearwater Capital Advisors LLC increased its position in shares of Wintrust Financial by 7.3% during the first quarter. Clearwater Capital Advisors LLC now owns 1,596 shares of the bank’s stock valued at $222,000 after acquiring an additional 109 shares during the last quarter. 93.48% of the stock is owned by institutional investors.

About Wintrust Financial

Wintrust Financial Corporation (NASDAQ: WTFC) is a financial holding company headquartered in Rosemont, Illinois. Through its network of community banking subsidiaries, the company provides banking and financial services to individuals, families, businesses and institutions.

Its offerings include checking and savings accounts, commercial and consumer lending, residential mortgages, treasury management, cash management and other deposit services. Wintrust also provides wealth management, investment services, insurance-related products and specialized finance solutions, including equipment finance and premium finance.

Founded in 1991, Wintrust has built its business through a community banking model that combines local decision-making and relationship-based service with the resources of a larger financial organization.