Insider Selling: Wintrust Financial (NASDAQ:WTFC) COO Sells $2,199,836.55 in Stock

Key Points

• Wintrust Financial COO David Dykstra sold 13,515 shares at an average price of $162.77, generating approximately $2.20 million and reducing his position by 7.51% to 166,449 shares.
• Wintrust’s shares slipped 0.1% to $162.45, while the company reported quarterly EPS of $3.30—beating estimates—and revenue of $738.63 million, up 10.1% year over year.
• The company declared a quarterly dividend of $0.55 per share, equivalent to a 1.4% yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $177.77.

Wintrust Financial Corporation (NASDAQ:WTFC - Get Free Report) COO David Dykstra sold 13,515 shares of Wintrust Financial stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following the completion of the sale, the chief operating officer owned 166,449 shares of the company's stock, valued at $27,092,903.73. This trade represents a 7.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Wintrust Financial Trading Down 0.1%

NASDAQ WTFC traded down $0.15 on Thursday, reaching $162.45. The stock had a trading volume of 494,319 shares, compared to its average volume of 522,429. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. The stock has a fifty day moving average price of $159.36 and a two-hundred day moving average price of $150.80. Wintrust Financial Corporation has a 12-month low of $119.61 and a 12-month high of $167.21. The firm has a market capitalization of $10.96 billion, a price-to-earnings ratio of 13.05 and a beta of 0.85.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last released its quarterly earnings results on Monday, July 20th. The bank reported $3.30 EPS for the quarter, topping the consensus estimate of $3.15 by $0.15. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The business had revenue of $738.63 million during the quarter, compared to analyst estimates of $735.36 million. During the same period last year, the business posted $2.78 earnings per share. The company's quarterly revenue was up 10.1% on a year-over-year basis. As a group, sell-side analysts forecast that Wintrust Financial Corporation will post 13.04 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be paid a dividend of $0.55 per share. The ex-dividend date is Thursday, August 6th. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. Wintrust Financial's dividend payout ratio is 17.67%.

Wall Street Analysts Forecast Growth

WTFC has been the subject of several recent research reports. Weiss Ratings reissued a "buy (b)" rating on shares of Wintrust Financial in a research note on Monday, June 29th. Citigroup downgraded shares of Wintrust Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, July 21st. Raymond James Financial assumed coverage on shares of Wintrust Financial in a report on Tuesday, July 7th. They set an "outperform" rating and a $180.00 target price on the stock. UBS Group reissued a "neutral" rating and issued a $170.00 price target on shares of Wintrust Financial in a research report on Tuesday, July 7th. Finally, Royal Bank Of Canada boosted their price target on shares of Wintrust Financial from $175.00 to $185.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 22nd. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $177.77.

Hedge Funds Weigh In On Wintrust Financial

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. acquired a new stake in Wintrust Financial in the first quarter valued at approximately $27,000. Jones Financial Companies Lllp increased its position in shares of Wintrust Financial by 49.0% in the 1st quarter. Jones Financial Companies Lllp now owns 1,019 shares of the bank's stock valued at $115,000 after purchasing an additional 335 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Wintrust Financial by 7.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 179,430 shares of the bank's stock valued at $20,179,000 after purchasing an additional 12,103 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Wintrust Financial by 400.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 400 shares of the bank's stock valued at $50,000 after purchasing an additional 320 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Wintrust Financial by 1.6% in the 2nd quarter. Cerity Partners LLC now owns 23,120 shares of the bank's stock valued at $2,866,000 after purchasing an additional 355 shares in the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Company Profile

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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