Wintrust Financial (NASDAQ:WTFC) COO David Dykstra Sells 13,515 Shares of Stock

Wintrust Financial Corporation (NASDAQ:WTFC) COO David Dykstra sold 13,515 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total value of $2,199,836.55. Following the completion of the sale, the chief operating officer owned 166,449 shares in the company, valued at approximately $27,092,903.73. This represents a 7.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Wintrust Financial Stock Down 0.1%

Shares of NASDAQ:WTFC traded down $0.15 on Thursday, hitting $162.45. 494,319 shares of the company’s stock were exchanged, compared to its average volume of 522,429. The firm’s 50-day moving average is $159.36 and its 200 day moving average is $150.80. The company has a market capitalization of $10.96 billion, a PE ratio of 13.05 and a beta of 0.85. Wintrust Financial Corporation has a 1-year low of $119.61 and a 1-year high of $167.21. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.97 and a current ratio of 0.98.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, July 20th. The bank reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.15. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The business had revenue of $738.63 million for the quarter, compared to analyst estimates of $735.36 million. During the same quarter last year, the company earned $2.78 EPS. The business’s quarterly revenue was up 10.1% on a year-over-year basis. Sell-side analysts predict that Wintrust Financial Corporation will post 13.04 EPS for the current year.

Wintrust Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, August 6th. Wintrust Financial’s dividend payout ratio is currently 17.67%.

Institutional Investors Weigh In On Wintrust Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Wintrust Financial during the second quarter worth approximately $1,058,088,000. First Trust Advisors LP increased its holdings in shares of Wintrust Financial by 26.6% in the 1st quarter. First Trust Advisors LP now owns 1,830,268 shares of the bank’s stock valued at $254,297,000 after acquiring an additional 385,069 shares during the period. Geode Capital Management LLC raised its position in Wintrust Financial by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,273,042 shares of the bank’s stock valued at $178,038,000 after purchasing an additional 16,997 shares during the last quarter. Bank of America Corp DE raised its position in Wintrust Financial by 1.4% in the 3rd quarter. Bank of America Corp DE now owns 1,071,763 shares of the bank’s stock valued at $141,944,000 after purchasing an additional 15,044 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Wintrust Financial by 22.2% during the 4th quarter. Wellington Management Group LLP now owns 832,352 shares of the bank’s stock worth $116,379,000 after purchasing an additional 151,385 shares during the period. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Analysts Set New Price Targets

WTFC has been the subject of several recent analyst reports. Royal Bank Of Canada boosted their price objective on shares of Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Citigroup downgraded shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, July 21st. UBS Group reiterated a “neutral” rating and set a $170.00 price target on shares of Wintrust Financial in a research note on Tuesday, July 7th. TD Cowen reduced their price target on shares of Wintrust Financial from $184.00 to $183.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Finally, Barclays upped their price objective on shares of Wintrust Financial from $190.00 to $192.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.77.

Wintrust Financial Company Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.