Insider Selling: Wintrust Financial Co. (NASDAQ:WTFC) EVP Sells 221 Shares of Stock

Wintrust Financial Co. (NASDAQ:WTFC) EVP Jeffrey D. Hahnfeld sold 221 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $100.71, for a total transaction of $22,256.91. Following the completion of the sale, the executive vice president now owns 1,867 shares of the company’s stock, valued at approximately $188,025.57. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Wintrust Financial Stock Performance

Shares of Wintrust Financial stock opened at $99.01 on Friday. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 10.24 and a beta of 1.21. The firm’s fifty day simple moving average is $98.56 and its 200-day simple moving average is $91.62. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.98 and a quick ratio of 0.97. Wintrust Financial Co. has a 12 month low of $58.12 and a 12 month high of $105.29.

Wintrust Financial (NASDAQ:WTFC) last released its quarterly earnings results on Thursday, April 18th. The bank reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.47. The firm had revenue of $604.77 million for the quarter, compared to analyst estimates of $577.80 million. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company posted $2.80 earnings per share. As a group, equities analysts forecast that Wintrust Financial Co. will post 10.17 earnings per share for the current year.

Institutional Investors Weigh In On Wintrust Financial

Several large investors have recently modified their holdings of WTFC. FMR LLC increased its stake in Wintrust Financial by 11.5% in the 3rd quarter. FMR LLC now owns 4,651,381 shares of the bank’s stock valued at $351,179,000 after buying an additional 480,942 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Wintrust Financial by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,866,032 shares of the bank’s stock valued at $265,829,000 after acquiring an additional 80,526 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Wintrust Financial by 4.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,843,679 shares of the bank’s stock worth $171,001,000 after acquiring an additional 79,672 shares during the period. Capital International Investors raised its holdings in Wintrust Financial by 79.5% during the fourth quarter. Capital International Investors now owns 1,566,003 shares of the bank’s stock worth $145,247,000 after purchasing an additional 693,452 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its position in Wintrust Financial by 21.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,172,242 shares of the bank’s stock valued at $88,504,000 after purchasing an additional 207,606 shares during the period. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Raymond James raised their price target on Wintrust Financial from $95.00 to $115.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 19th. Wedbush reissued an “outperform” rating and issued a $116.00 price target on shares of Wintrust Financial in a research report on Thursday, April 18th. Citigroup cut their price objective on Wintrust Financial from $115.00 to $113.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Jefferies Financial Group raised their target price on shares of Wintrust Financial from $114.00 to $120.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Wintrust Financial from $103.00 to $106.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $112.33.

About 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.