Insider Buying: Wintrust Financial Corporation (NASDAQ:WTFC) Insider Purchases 3,919 Shares of Stock

Key Points

• Edward J. Wehmer, an insider at Wintrust Financial Corporation, purchased 3,919 shares of the company's stock for an average cost of $26.35 per share, totaling $103,265.65.
• Despite a recent drop in stock price to $132.00, Wintrust Financial reported earnings of $2.78 per share, exceeding analysts' expectations and reflecting a significant increase from the previous year's earnings.
• The company announced a quarterly dividend of $0.50, representing a yearly dividend yield of 1.52%, with a low payout ratio of 18.92%.

Wintrust Financial Corporation (NASDAQ:WTFC - Get Free Report) insider Edward J. Wehmer purchased 3,919 shares of the company's stock in a transaction on Friday, July 25th. The stock was purchased at an average cost of $26.35 per share, for a total transaction of $103,265.65. Following the purchase, the insider directly owned 3,919 shares in the company, valued at approximately $103,265.65. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Wintrust Financial Trading Down 3.4%

NASDAQ WTFC traded down $4.33 during trading hours on Friday, reaching $123.65. The company's stock had a trading volume of 84,020 shares, compared to its average volume of 448,328. The firm has a fifty day simple moving average of $125.70 and a 200-day simple moving average of $120.52. The stock has a market cap of $8.28 billion, a P/E ratio of 11.70 and a beta of 0.82. Wintrust Financial Corporation has a 52 week low of $89.10 and a 52 week high of $142.04. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.01.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The bank reported $2.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.59 by $0.19. The business had revenue of $670.78 million during the quarter, compared to analyst estimates 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 last year, the business earned $2.32 EPS. Equities analysts forecast that Wintrust Financial Corporation will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Announces Dividend

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

Hedge Funds Weigh In On Wintrust Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Wintrust Financial by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 6,911,488 shares of the bank's stock worth $861,932,000 after buying an additional 58,162 shares in the last quarter. Earnest Partners LLC raised its position in Wintrust Financial by 7.4% in the first quarter. Earnest Partners LLC now owns 1,410,773 shares of the bank's stock valued at $158,656,000 after purchasing an additional 97,587 shares during the period. First Trust Advisors LP boosted its stake in shares of Wintrust Financial by 36.5% in the fourth quarter. First Trust Advisors LP now owns 1,263,837 shares of the bank's stock valued at $157,613,000 after purchasing an additional 337,763 shares during the period. Geode Capital Management LLC boosted its stake in shares of Wintrust Financial by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,165,898 shares of the bank's stock valued at $145,443,000 after purchasing an additional 10,172 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Wintrust Financial by 2.7% in the first quarter. Invesco Ltd. now owns 1,128,724 shares of the bank's stock valued at $126,936,000 after purchasing an additional 30,018 shares during the period. Institutional investors own 93.48% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. DA Davidson lifted their price objective on shares of Wintrust Financial from $135.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada lifted their target price on shares of Wintrust Financial from $137.00 to $158.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods lifted their target price on shares of Wintrust Financial from $130.00 to $138.00 and gave the stock a "market perform" rating in a report on Wednesday, July 23rd. Stephens reduced their target price on shares of Wintrust Financial from $145.00 to $132.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Finally, Truist Financial lifted their target price on shares of Wintrust Financial from $137.00 to $151.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Wintrust Financial presently has a consensus rating of "Moderate Buy" and an average 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.