Wintrust Financial Co. (NASDAQ:WTFC) EVP Jeffrey D. Hahnfeld Sells 416 Shares

Wintrust Financial Co. (NASDAQ:WTFC) EVP Jeffrey D. Hahnfeld sold 416 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $130.95, for a total value of $54,475.20. Following the completion of the sale, the executive vice president now directly owns 2,276 shares of the company’s stock, valued at $298,042.20. The trade was a 15.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wintrust Financial Stock Performance

NASDAQ WTFC opened at $131.89 on Friday. The company has a market cap of $8.77 billion, a P/E ratio of 12.79 and a beta of 1.20. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. The business’s 50 day moving average price is $131.07 and its 200-day moving average price is $117.51. Wintrust Financial Co. has a fifty-two week low of $89.68 and a fifty-two week high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Tuesday, January 21st. The bank reported $2.63 earnings per share for the quarter, beating the consensus estimate 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 in the prior year, the company posted $1.87 EPS. Sell-side analysts predict that Wintrust Financial Co. will post 10.3 earnings per share for the current year.

Wintrust Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Thursday, February 6th. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.45. Wintrust Financial’s dividend payout ratio is 17.46%.

Analysts Set New Price Targets

Several brokerages have commented on WTFC. UBS Group initiated coverage on Wintrust Financial in a research report on Tuesday, December 17th. They set a “buy” rating and a $157.00 price objective for the company. Barclays raised their price target on Wintrust Financial from $151.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Truist Financial upgraded Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and set a $152.00 price target on shares of Wintrust Financial in a report on Thursday, January 23rd. Finally, Wedbush restated an “outperform” rating and set a $130.00 price target on shares of Wintrust Financial in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $133.69.

Institutional Investors Weigh In On Wintrust Financial

Hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in shares of Wintrust Financial during the 3rd quarter worth $35,000. UMB Bank n.a. raised its stake in Wintrust Financial by 62.0% in the third quarter. UMB Bank n.a. now owns 512 shares of the bank’s stock valued at $56,000 after buying an additional 196 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Wintrust Financial in the third quarter valued at about $61,000. Versant Capital Management Inc increased its holdings in shares of Wintrust Financial by 32.1% in the fourth quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock valued at $67,000 after purchasing an additional 131 shares during the period. Finally, Covestor Ltd increased its holdings in shares of Wintrust Financial by 77.9% in the third quarter. Covestor Ltd now owns 653 shares of the bank’s stock valued at $71,000 after purchasing an additional 286 shares during the period. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

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.