Wintrust Financial Corporation (WTFC) To Go Ex-Dividend on August 6th

Wintrust Financial Corporation (NASDAQ:WTFC) declared a quarterly dividend on Thursday, July 23rd. Investors of record on Thursday, August 6th will be paid a dividend of 0.55 per share by the bank on Thursday, August 20th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, August 6th.

Wintrust Financial has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Wintrust Financial has a payout ratio of 19.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Wintrust Financial to earn $13.71 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 16.0%.

Wintrust Financial Stock Up 0.6%

WTFC opened at $158.66 on Friday. The company has a market capitalization of $10.70 billion, a P/E ratio of 12.74 and a beta of 0.84. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.98 and a quick ratio of 0.97. The firm’s fifty day moving average price is $156.44 and its two-hundred day moving average price is $149.50. Wintrust Financial has a fifty-two week low of $119.61 and a fifty-two week high of $167.21.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, July 20th. The bank reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.15. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The company had revenue of $738.63 million during the quarter, compared to analysts’ expectations of $735.36 million. During the same quarter in the prior year, the company posted $2.78 EPS. The business’s revenue was up 10.1% on a year-over-year basis. On average, analysts anticipate that Wintrust Financial will post 13.03 EPS for the current year.

Insider Buying and Selling

In other Wintrust Financial news, COO David A. Dykstra sold 9,579 shares of the business’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $148.82, for a total value of $1,425,546.78. Following the transaction, the chief operating officer owned 179,810 shares of the company’s stock, valued at approximately $26,759,324.20. The trade was a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Suzet M. Mckinney sold 500 shares of the 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. The trade was a 13.15% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in WTFC. Choreo LLC raised its stake in shares of Wintrust Financial by 3.4% in the fourth quarter. Choreo LLC now owns 2,121 shares of the bank’s stock worth $299,000 after acquiring an additional 69 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Wintrust Financial by 7.7% during the first quarter. Parallel Advisors LLC now owns 976 shares of the bank’s stock valued at $136,000 after purchasing an additional 70 shares during the last quarter. MeadowBrook Investment Advisors LLC grew its stake 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 purchasing an additional 75 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Wintrust Financial by 0.9% in the fourth quarter. Quadrant Capital Group LLC now owns 8,914 shares of the bank’s stock valued at $1,246,000 after purchasing an additional 83 shares in the last quarter. Finally, Cresset Asset Management LLC increased its holdings in shares of Wintrust Financial by 2.4% in the third quarter. Cresset Asset Management LLC now owns 3,730 shares of the bank’s stock valued at $494,000 after purchasing an additional 88 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.

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.