Insider Selling: Wintrust Financial (NASDAQ:WTFC) Director Sells 500 Shares of Stock

Key Points

• Insider sale: Director Suzet Mckinney sold 500 shares on May 4 at an average price of $148.96 for $74,480, leaving her with 3,303 shares—a 13.15% reduction in her position.
• Wintrust beat expectations in its April quarter (EPS $3.22 vs. $2.96 est.) with revenue up 10.9% YoY to $713.17M, and announced a quarterly dividend of $0.55 ($2.20 annual, 1.4% yield; ex-dividend May 14, payable May 28).
• Shares traded up to $153.28 and Wall Street consensus is a Moderate Buy with a $168.92 price target.

Wintrust Financial Corporation (NASDAQ:WTFC - Get Free Report) Director Suzet Mckinney sold 500 shares of the business's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $148.96, for a total value of $74,480.00. Following the sale, the director owned 3,303 shares in the company, valued at $492,014.88. This represents a 13.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Wintrust Financial Trading Up 1.9%

Wintrust Financial stock traded up $2.82 during trading hours on Wednesday, hitting $153.28. The stock had a trading volume of 497,603 shares, compared to its average volume of 485,686. Wintrust Financial Corporation has a one year low of $113.75 and a one year high of $162.96. The business's 50 day simple moving average is $142.12 and its 200-day simple moving average is $140.86. The stock has a market cap of $10.34 billion, a price-to-earnings ratio of 12.85 and a beta of 0.86. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62.

Wintrust Financial (NASDAQ:WTFC - Get Free Report) last issued its quarterly earnings results on Monday, April 20th. The bank reported $3.22 EPS for the quarter, beating analysts' consensus estimates of $2.96 by $0.26. Wintrust Financial had a net margin of 20.11% and a return on equity of 13.15%. The business had revenue of $713.17 million for the quarter, compared to analysts' expectations of $707.23 million. During the same quarter in the prior year, the firm posted $2.69 earnings per share. The business's quarterly revenue was up 10.9% compared to the same quarter last year. On average, equities analysts predict that Wintrust Financial Corporation will post 13.07 EPS for the current fiscal year.

Wintrust Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, May 14th. Wintrust Financial's payout ratio is presently 18.44%.

Institutional Trading of Wintrust Financial

Several hedge funds have recently bought and sold shares of WTFC. Choreo LLC raised its holdings in Wintrust Financial by 3.4% during the fourth quarter. Choreo LLC now owns 2,121 shares of the bank's stock worth $299,000 after buying an additional 69 shares during the last quarter. MeadowBrook Investment Advisors LLC grew its holdings in shares of Wintrust Financial by 3.0% during the first quarter. MeadowBrook Investment Advisors LLC now owns 2,545 shares of the bank's stock valued at $354,000 after buying an additional 75 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Wintrust Financial by 4.6% during the fourth quarter. GAMMA Investing LLC now owns 1,755 shares of the bank's stock valued at $245,000 after buying an additional 77 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Wintrust Financial by 0.9% during the fourth quarter. Quadrant Capital Group LLC now owns 8,914 shares of the bank's stock worth $1,246,000 after acquiring an additional 83 shares in the last quarter. Finally, Cresset Asset Management LLC increased its position in shares of Wintrust Financial by 2.4% during the third quarter. Cresset Asset Management LLC now owns 3,730 shares of the bank's stock worth $494,000 after acquiring an additional 88 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 subject of several recent analyst reports. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Wintrust Financial in a research report on Wednesday, January 21st. Citigroup increased their target price on shares of Wintrust Financial from $178.00 to $182.00 and gave the stock a "buy" rating in a research note on Wednesday, April 22nd. Stephens started coverage on shares of Wintrust Financial in a research note on Friday, March 27th. They issued an "equal weight" rating and a $160.00 price target for the company. Piper Sandler reiterated an "overweight" rating and set a $188.00 price objective (up from $184.00) on shares of Wintrust Financial in a report on Wednesday, April 22nd. Finally, Royal Bank Of Canada increased their price objective on shares of Wintrust Financial from $175.00 to $185.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $168.92.

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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