Wintrust Financial Co. (NASDAQ:WTFC) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totalling 1,710,000 shares, an increase of 30.5% from the October 15th total of 1,310,000 shares. Based on an average daily trading volume, of 359,400 shares, the short-interest ratio is currently 4.8 days.
In related news, CEO Edward J. Wehmer sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $53.14, for a total transaction of $797,100.00. Also, CEO Edward J. Wehmer acquired 1,189 shares of Wintrust Financial stock in a transaction that occurred on Monday, August 31st. The shares were purchased at an average price of $26.57 per share, with a total value of $31,591.73. Following the purchase, the chief executive officer now owns 147,124 shares in the company, valued at $3,909,084.68. The disclosure for this purchase can be found here. 1.58% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Aigen Investment Management LP purchased a new stake in Wintrust Financial during the third quarter worth $33,000. Private Capital Group LLC raised its position in shares of Wintrust Financial by 788.8% in the second quarter. Private Capital Group LLC now owns 1,031 shares of the bank's stock valued at $45,000 after buying an additional 915 shares during the last quarter. Cerebellum GP LLC acquired a new stake in shares of Wintrust Financial in the second quarter valued at about $126,000. Signaturefd LLC raised its position in shares of Wintrust Financial by 75.9% in the second quarter. Signaturefd LLC now owns 1,789 shares of the bank's stock valued at $78,000 after buying an additional 772 shares during the last quarter. Finally, Advisor Group Holdings Inc. acquired a new stake in shares of Wintrust Financial in the first quarter valued at about $63,000. 88.82% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:WTFC opened at $54.76 on Friday. The firm has a market capitalization of $3.16 billion, a P/E ratio of 12.14, a PEG ratio of 0.76 and a beta of 1.61. Wintrust Financial has a 1-year low of $22.02 and a 1-year high of $71.95. The company's fifty day moving average price is $48.94 and its 200-day moving average price is $44.14. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 0.99.
Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings results on Wednesday, October 21st. The bank reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.08 by $0.59. Wintrust Financial had a net margin of 14.33% and a return on equity of 7.63%. Equities analysts anticipate that Wintrust Financial will post 3.69 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Thursday, November 12th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Tuesday, November 10th. Wintrust Financial's dividend payout ratio (DPR) is presently 18.57%.
WTFC has been the subject of several recent analyst reports. ValuEngine lowered shares of Wintrust Financial from a "hold" rating to a "sell" rating in a research note on Thursday, November 5th. BidaskClub upgraded shares of Wintrust Financial from a "hold" rating to a "buy" rating in a research note on Friday, October 23rd. Zacks Investment Research upgraded shares of Wintrust Financial from a "hold" rating to a "buy" rating and set a $46.00 price target on the stock in a research note on Saturday, October 3rd. Keefe, Bruyette & Woods lowered shares of Wintrust Financial from an "outperform" rating to a "market perform" rating and set a $56.00 price target on the stock. in a research note on Thursday, October 22nd. Finally, Piper Sandler upped their price target on shares of Wintrust Financial from $43.00 to $54.00 and gave the company a "neutral" rating in a research note on Monday, October 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. The stock presently has an average rating of "Buy" and an average target price of $52.40.
About Wintrust Financial
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. 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.
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