Wintrust Financial (WTFC) Sets New 12-Month High and Low at $97.54

Wintrust Financial Co. (NASDAQ:WTFC) hit a new 52-week high and low during trading on Monday . The company traded as low as $97.54 and last traded at $96.31, with a volume of 345929 shares changing hands. The stock had previously closed at $94.05.

A number of equities research analysts have commented on the stock. ValuEngine raised shares of Wintrust Financial from a “hold” rating to a “buy” rating in a research report on Tuesday. FIG Partners raised shares of Wintrust Financial from a “market perform” rating to an “outperform” rating in a research report on Friday, February 9th. UBS assumed coverage on shares of Wintrust Financial in a research report on Thursday, March 22nd. They issued a “neutral” rating and a $93.00 price objective on the stock. BidaskClub downgraded shares of Wintrust Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th. Finally, Zacks Investment Research raised shares of Wintrust Financial from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a research report on Saturday, April 14th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $92.70.

The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.01. The stock has a market cap of $5.49 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 1.23 and a beta of 0.84.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Monday, April 16th. The bank reported $1.40 EPS for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.12. The firm had revenue of $310.76 million for the quarter, compared to the consensus estimate of $302.62 million. Wintrust Financial had a net margin of 21.18% and a return on equity of 10.00%. The company’s revenue was up 18.9% on a year-over-year basis. During the same period last year, the firm posted $1.00 EPS. analysts predict that Wintrust Financial Co. will post 5.87 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 24th. Investors of record on Thursday, May 10th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Wednesday, May 9th. Wintrust Financial’s dividend payout ratio (DPR) is 17.27%.

In related news, EVP Richard B. Murphy sold 1,795 shares of the stock in a transaction on Friday, April 20th. The shares were sold at an average price of $90.99, for a total value of $163,327.05. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Edward J. Wehmer sold 3,300 shares of the stock in a transaction on Thursday, April 19th. The shares were sold at an average price of $89.00, for a total transaction of $293,700.00. Following the completion of the transaction, the insider now directly owns 120,857 shares in the company, valued at $10,756,273. The disclosure for this sale can be found here. Insiders purchased a total of 338 shares of company stock worth $30,332 over the last ninety days. Insiders own 1.57% of the company’s stock.

Large investors have recently modified their holdings of the stock. Cerebellum GP LLC acquired a new stake in Wintrust Financial during the 4th quarter worth $126,000. Trust Co. of Toledo NA OH acquired a new stake in Wintrust Financial during the 4th quarter worth $200,000. Dearborn Partners LLC acquired a new stake in Wintrust Financial during the 1st quarter worth $211,000. Brown Advisory Inc. acquired a new stake in Wintrust Financial during the 4th quarter worth $213,000. Finally, Castleark Management LLC acquired a new stake in Wintrust Financial during the 4th quarter worth $231,000. Hedge funds and other institutional investors own 90.04% of the company’s stock.

About Wintrust Financial

Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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), Internet banking, and other services.

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