Richard B. Murphy Sells 3,186 Shares of Wintrust Financial Co. (NASDAQ:WTFC) Stock

Wintrust Financial Co. (NASDAQ:WTFC) insider Richard B. Murphy sold 3,186 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $131.30, for a total transaction of $418,321.80. Following the completion of the transaction, the insider now owns 48,814 shares in the company, valued at approximately $6,409,278.20. This trade represents a 6.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Wintrust Financial Stock Up 0.5 %

NASDAQ WTFC traded up $0.72 during trading on Wednesday, reaching $132.83. The company’s stock had a trading volume of 531,743 shares, compared to its average volume of 514,458. The business has a 50-day moving average price of $131.07 and a 200-day moving average price of $117.31. Wintrust Financial Co. has a 1-year low of $89.68 and a 1-year high of $142.04. The stock has a market capitalization of $8.83 billion, a PE ratio of 12.88 and a beta of 1.20. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Tuesday, January 21st. The bank reported $2.63 EPS 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 prior year, the business earned $1.87 EPS. On average, research analysts forecast that Wintrust Financial Co. will post 10.17 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, February 6th. This represents a $2.00 dividend on an annualized basis and a yield of 1.51%. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.45. Wintrust Financial’s dividend payout ratio is presently 17.46%.

Hedge Funds Weigh In On Wintrust Financial

A number of institutional investors have recently modified their holdings of the company. Jane Street Group LLC grew its stake in Wintrust Financial by 530.3% in the 3rd quarter. Jane Street Group LLC now owns 39,135 shares of the bank’s stock valued at $4,247,000 after buying an additional 32,926 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Wintrust Financial by 36.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 802,841 shares of the bank’s stock valued at $87,132,000 after acquiring an additional 213,559 shares during the period. Retirement Systems of Alabama grew its position in shares of Wintrust Financial by 6.0% in the third quarter. Retirement Systems of Alabama now owns 80,782 shares of the bank’s stock valued at $8,767,000 after purchasing an additional 4,562 shares during the last quarter. State Street Corp increased its stake in shares of Wintrust Financial by 5.1% in the third quarter. State Street Corp now owns 2,627,561 shares of the bank’s stock worth $285,169,000 after purchasing an additional 126,724 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Wintrust Financial by 7.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 203,285 shares of the bank’s stock worth $22,063,000 after purchasing an additional 14,699 shares during the last quarter. Institutional investors own 93.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Truist Financial upgraded Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. Piper Sandler boosted their price objective on Wintrust Financial from $151.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Wedbush reiterated an “outperform” rating and issued a $130.00 target price on shares of Wintrust Financial in a report on Tuesday, October 22nd. Citigroup boosted their price target on shares of Wintrust Financial from $126.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Barclays boosted their target price on shares of Wintrust Financial from $151.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $133.69.

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.