Wintrust Financial Corp. (WTFC) Shares Gap Up to $53.10
Shares of Wintrust Financial Corp. (NASDAQ:WTFC) gapped up before the market opened on Friday . The stock had previously closed at $52.92, but opened at $53.10. Wintrust Financial Corp. shares last traded at $54.71, with a volume of 155,557 shares changing hands.
WTFC has been the topic of a number of research reports. Zacks Investment Research cut shares of Wintrust Financial Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, April 12th. Jefferies Group restated a “hold” rating on shares of Wintrust Financial Corp. in a report on Monday, April 18th. Royal Bank Of Canada boosted their target price on shares of Wintrust Financial Corp. from $50.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, April 20th. DA Davidson boosted their target price on shares of Wintrust Financial Corp. from $49.00 to $58.00 and gave the company a “neutral” rating in a report on Thursday, April 21st. Finally, Raymond James Financial Inc. restated a “strong-buy” rating on shares of Wintrust Financial Corp. in a report on Friday, June 3rd. Eight analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $52.11.
The firm has a 50-day moving average price of $51.72 and a 200 day moving average price of $47.63. The firm has a market capitalization of $2.82 billion and a price-to-earnings ratio of 17.46.
Wintrust Financial Corp. (NASDAQ:WTFC) last released its earnings results on Tuesday, July 19th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. During the same period in the previous year, the business posted $0.85 earnings per share. On average, equities research analysts forecast that Wintrust Financial Corp. will post $3.60 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 25th. Shareholders of record on Thursday, August 11th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $0.48 dividend on an annualized basis and a yield of 0.88%.
In other Wintrust Financial Corp. news, insider Richard B. Murphy sold 1,293 shares of the stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $52.71, for a total value of $68,154.03. Following the sale, the insider now owns 28,445 shares in the company, valued at $1,499,335.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Other hedge funds have added to or reduced their stakes in the company. Jennison Associates LLC raised its stake in Wintrust Financial Corp. by 16.0% in the fourth quarter. Jennison Associates LLC now owns 1,740,840 shares of the company’s stock worth $84,466,000 after buying an additional 239,721 shares during the last quarter. US Bancorp DE increased its position in Wintrust Financial Corp. by 5.6% in the fourth quarter. US Bancorp DE now owns 45,166 shares of the company’s stock worth $2,192,000 after buying an additional 2,404 shares during the last quarter. Wells Fargo & Company MN increased its position in Wintrust Financial Corp. by 3.0% in the fourth quarter. Wells Fargo & Company MN now owns 429,101 shares of the company’s stock worth $20,820,000 after buying an additional 12,619 shares during the last quarter. Bank of Montreal Can increased its position in Wintrust Financial Corp. by 46.5% in the fourth quarter. Bank of Montreal Can now owns 161,046 shares of the company’s stock worth $7,813,000 after buying an additional 51,094 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in Wintrust Financial Corp. by 0.9% in the fourth quarter. New York State Common Retirement Fund now owns 58,620 shares of the company’s stock worth $2,844,000 after buying an additional 537 shares during the last quarter.
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company provides community-oriented, personal and commercial banking services to customers located in the Chicago metropolitan area and in southeastern Wisconsin through its banking subsidiaries (the banks).
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