Wintrust Financial Corporation (NASDAQ:WTFC) COO David A. Dykstra Sells 14,942 Shares

Key Points

• David A. Dykstra, COO of Wintrust Financial, sold 14,942 shares of the company's stock at an average price of $131.53, totaling approximately $1.97 million, reducing his stake by 7.58%.
• Wintrust Financial reported earnings of $2.78 per share for the last quarter, exceeding estimates by $0.19, alongside a revenue of $670.78 million.
• The company declared a quarterly dividend of $0.50 per share, leading to an annualized dividend of $2.00 and a yield of 1.53%.

Wintrust Financial Corporation (NASDAQ:WTFC - Get Free Report) COO David A. Dykstra sold 14,942 shares of Wintrust Financial stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $131.53, for a total transaction of $1,965,321.26. Following the sale, the chief operating officer directly owned 182,208 shares in the company, valued at approximately $23,965,818.24. The trade was a 7.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Wintrust Financial Stock Down 3.1%

Shares of NASDAQ:WTFC traded down $3.96 during trading on Friday, hitting $124.02. The company's stock had a trading volume of 497,674 shares, compared to its average volume of 444,890. The business has a 50 day moving average price of $125.81 and a two-hundred day moving average price of $120.39. The company has a market capitalization of $8.30 billion, a PE ratio of 11.73 and a beta of 0.85. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. Wintrust Financial Corporation has a fifty-two week low of $89.10 and a fifty-two week high of $142.04.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The bank reported $2.78 EPS for the quarter, topping the consensus estimate of $2.59 by $0.19. The business had revenue of $670.78 million during the quarter, compared to the consensus estimate of $661.43 million. Wintrust Financial had a net margin of 18.06% and a return on equity of 12.08%. During the same quarter in the previous year, the firm posted $2.32 earnings per share. As a group, research analysts expect that Wintrust Financial Corporation will post 10.36 EPS for the current fiscal year.

Wintrust Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, August 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.6%. Wintrust Financial's payout ratio is presently 18.92%.

Hedge Funds Weigh In On Wintrust Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Maseco LLP acquired a new position in shares of Wintrust Financial during the second quarter worth $25,000. Park Place Capital Corp grew its stake in shares of Wintrust Financial by 1,264.7% during the first quarter. Park Place Capital Corp now owns 232 shares of the bank's stock worth $26,000 after purchasing an additional 215 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Wintrust Financial during the first quarter worth $27,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Wintrust Financial by 52.9% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 289 shares of the bank's stock worth $36,000 after purchasing an additional 100 shares in the last quarter. Finally, REAP Financial Group LLC grew its stake in shares of Wintrust Financial by 196.0% during the second quarter. REAP Financial Group LLC now owns 296 shares of the bank's stock worth $37,000 after purchasing an additional 196 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company's stock.

Wall Street Analyst Weigh In

WTFC has been the topic of a number of research analyst reports. Wall Street Zen raised Wintrust Financial from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. DA Davidson boosted their target price on Wintrust Financial from $135.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Barclays reissued an "overweight" rating and issued a $162.00 target price (up previously from $145.00) on shares of Wintrust Financial in a research report on Tuesday, July 8th. Truist Financial boosted their target price on Wintrust Financial from $137.00 to $151.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Finally, Raymond James Financial reissued a "strong-buy" rating and issued a $157.00 target price (up previously from $155.00) on shares of Wintrust Financial in a research report on Wednesday, July 23rd. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $145.77.

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.