Insider Selling: Wintrust Financial (NASDAQ:WTFC) CFO Sells 3,020 Shares of Stock

Key Points

• CFO David Stoehr sold 3,020 shares on April 23 at an average price of $150.45 for $454,359, trimming his stake by 18.6% to 13,213 shares.
• Shares recently traded at $147.91 (down $2.64), with a market cap of about $9.98 billion, a P/E of 12.4, 50‑/200‑day moving averages of $142.71/$139.90, and a 52‑week range of $109.29–$162.96.
• Wintrust beat Q1 estimates with $3.22 EPS (vs. $2.96 consensus) and revenue up 10.9% YoY, declared a $0.55 quarterly dividend (1.5% yield), and carries a consensus analyst rating of "Moderate Buy" with an average target of $168.92.

Wintrust Financial Corporation (NASDAQ:WTFC - Get Free Report) CFO David Stoehr sold 3,020 shares of the business's stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $150.45, for a total transaction of $454,359.00. Following the completion of the sale, the chief financial officer owned 13,213 shares in the company, valued at approximately $1,987,895.85. This trade represents a 18.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Wintrust Financial Price Performance

Shares of Wintrust Financial stock traded down $2.64 during trading hours on Friday, reaching $147.91. The company's stock had a trading volume of 452,015 shares, compared to its average volume of 496,498. The firm has a 50 day moving average price of $142.71 and a 200-day moving average price of $139.90. Wintrust Financial Corporation has a one year low of $109.29 and a one year high of $162.96. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.99. The stock has a market cap of $9.98 billion, a P/E ratio of 12.40 and a beta of 0.86.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last posted its earnings results on Monday, April 20th. The bank reported $3.22 earnings per share for the quarter, topping analysts' consensus estimates of $2.96 by $0.26. The firm had revenue of $713.17 million for the quarter, compared to the consensus estimate of $707.23 million. Wintrust Financial had a net margin of 20.11% and a return on equity of 13.15%. The business's quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.69 EPS. On average, analysts predict that Wintrust Financial Corporation will post 12.52 EPS for the current year.

Wintrust Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.5%. The ex-dividend date is Thursday, May 14th. Wintrust Financial's dividend payout ratio is presently 18.44%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WTFC. DA Davidson reiterated a "buy" rating and set a $165.00 price target on shares of Wintrust Financial in a report on Tuesday. TD Cowen upped their price target on shares of Wintrust Financial from $173.00 to $176.00 and gave the company a "buy" rating in a report on Thursday. Truist Financial cut their price target on shares of Wintrust Financial from $170.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, March 23rd. UBS Group reiterated a "buy" rating and set a $176.00 price target on shares of Wintrust Financial in a report on Wednesday, February 4th. Finally, Royal Bank Of Canada upped their price target on shares of Wintrust Financial from $175.00 to $185.00 and gave the company an "outperform" rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $168.92.

Institutional Investors Weigh In On Wintrust Financial

Large investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC purchased a new stake in Wintrust Financial in the 3rd quarter valued at about $27,000. Advisors Asset Management Inc. purchased a new stake in Wintrust Financial in the 1st quarter valued at about $27,000. Elyxium Wealth LLC purchased a new stake in Wintrust Financial in the 4th quarter valued at about $31,000. Creative Financial Designs Inc. ADV boosted its position in Wintrust Financial by 231.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 229 shares of the bank's stock valued at $32,000 after buying an additional 160 shares during the period. Finally, Harbour Investments Inc. boosted its position in Wintrust Financial by 72.7% in the 4th quarter. Harbour Investments Inc. now owns 240 shares of the bank's stock valued at $34,000 after buying an additional 101 shares during the period. 93.48% of the stock is owned by hedge funds and other institutional investors.

About Wintrust Financial

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm's core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.

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