Wintrust Financial Co. (NASDAQ:WTFC - Get Free Report) COO David A. Dykstra sold 4,213 shares of the company's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $131.31, for a total value of $553,209.03. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
WTFC stock traded up $0.72 during mid-day trading on Wednesday, hitting $132.83. The company had a trading volume of 531,743 shares, compared to its average volume of 514,458. The company has a market capitalization of $8.83 billion, a price-to-earnings ratio of 12.88 and a beta of 1.20. The company has a 50-day moving average price of $131.07 and a 200 day moving average price of $117.31. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. Wintrust Financial Co. has a 12-month low of $89.68 and a 12-month high of $142.04.
Wintrust Financial (NASDAQ:WTFC - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, beating analysts' consensus estimates of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same quarter last year, the firm earned $1.87 earnings per share. On average, research analysts anticipate that Wintrust Financial Co. will post 10.17 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.51%. The ex-dividend date is Thursday, February 6th. This is a boost from Wintrust Financial's previous quarterly dividend of $0.45. Wintrust Financial's payout ratio is currently 17.46%.
Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC raised its position in shares of Wintrust Financial by 530.3% during 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position 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 purchasing an additional 213,559 shares during the period. Retirement Systems of Alabama lifted its stake in shares of Wintrust Financial by 6.0% in the 3rd 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 boosted its holdings in shares of Wintrust Financial by 5.1% in the 3rd 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 increased 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 valued at $22,063,000 after purchasing an additional 14,699 shares during the last quarter. Institutional investors own 93.48% of the company's stock.
WTFC has been the topic of several recent research reports. UBS Group started coverage on shares of Wintrust Financial in a research note on Tuesday, December 17th. They issued a "buy" rating and a $157.00 price objective on the stock. Barclays lifted their price target on shares of Wintrust Financial from $151.00 to $155.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Raymond James reaffirmed a "strong-buy" rating and issued a $150.00 target price (up from $135.00) on shares of Wintrust Financial in a report on Thursday, January 23rd. Royal Bank of Canada restated an "outperform" rating and issued a $152.00 price target on shares of Wintrust Financial in a research report on Thursday, January 23rd. Finally, DA Davidson lifted their price objective on Wintrust Financial from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $133.69.
Read Our Latest Stock Analysis on 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.
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