Wintrust Financial Corporation (NASDAQ:WTFC) Insider Edward J. Wehmer Buys 2,382 Shares

Key Points

• Edward J. Wehmer, an insider at Wintrust Financial Corporation, purchased 2,382 shares of the company's stock at an average price of $26.35 per share, totaling $62,765.70.
• The company reported $2.78 earnings per share for the last quarter, exceeding analysts' estimates and marking an increase from $2.32 EPS in the same quarter a year prior.
• Wintrust Financial recently declared a quarterly dividend of $0.50 per share, resulting in a 1.52% yield for shareholders, with the payment date set for August 21st.

Wintrust Financial Corporation (NASDAQ:WTFC - Get Free Report) insider Edward J. Wehmer purchased 2,382 shares of the firm's stock in a transaction on Friday, July 25th. The stock was bought at an average price of $26.35 per share, with a total value of $62,765.70. Following the acquisition, the insider owned 2,382 shares in the company, valued at $62,765.70. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Wintrust Financial Stock Performance

Shares of WTFC traded down $4.33 during midday trading on Friday, hitting $123.65. 84,020 shares of the stock traded hands, compared to its average volume of 448,328. Wintrust Financial Corporation has a 1-year low of $89.10 and a 1-year high of $142.04. The firm has a market capitalization of $8.28 billion, a PE ratio of 11.70 and a beta of 0.82. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. The business's 50 day moving average price is $125.70 and its two-hundred day moving average price is $120.52.

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

Wintrust Financial Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WTFC. Royal Bank Of Canada increased their price objective on shares of Wintrust Financial from $137.00 to $158.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods increased their price objective on shares of Wintrust Financial from $130.00 to $138.00 and gave the company a "market perform" rating in a research report on Wednesday, July 23rd. Piper Sandler reaffirmed an "overweight" rating and issued a $160.00 price objective (up previously from $141.00) on shares of Wintrust Financial in a research report on Wednesday, July 23rd. DA Davidson increased their target price on Wintrust Financial from $135.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, Truist Financial increased their target price on Wintrust Financial from $137.00 to $151.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $145.77.

Institutional Trading of Wintrust Financial

Several institutional investors have recently modified their holdings of WTFC. Maseco LLP acquired a new stake in shares of Wintrust Financial during the second quarter worth $25,000. Park Place Capital Corp raised its position 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 during the period. Advisors Asset Management Inc. purchased a new position in shares of Wintrust Financial during the first quarter valued at $27,000. MassMutual Private Wealth & Trust FSB grew its holdings 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 valued at $36,000 after buying an additional 100 shares in the last quarter. Finally, REAP Financial Group LLC grew its holdings 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 valued at $37,000 after buying an additional 196 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company's stock.

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.