Insider Selling: Wintrust Financial Co. (NASDAQ:WTFC) EVP Sells 221 Shares of Stock

Wintrust Financial Co. (NASDAQ:WTFC) EVP Jeffrey D. Hahnfeld sold 221 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $100.71, for a total transaction of $22,256.91. Following the transaction, the executive vice president now directly owns 1,867 shares of the company’s stock, valued at $188,025.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wintrust Financial Stock Up 0.3 %

WTFC stock opened at $100.13 on Thursday. The business’s 50-day moving average price is $98.49 and its 200-day moving average price is $91.40. The stock has a market cap of $6.18 billion, a P/E ratio of 10.35 and a beta of 1.21. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.78. Wintrust Financial Co. has a twelve month low of $58.12 and a twelve month high of $105.29.

Wintrust Financial (NASDAQ:WTFC) last released its earnings results on Thursday, April 18th. The bank reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.47. The company had revenue of $604.77 million for the quarter, compared to analysts’ expectations of $577.80 million. Wintrust Financial had a net margin of 17.86% and a return on equity of 13.09%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.80 EPS. On average, equities research analysts forecast that Wintrust Financial Co. will post 10.12 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Johnson Financial Group Inc. purchased a new stake in Wintrust Financial in the 4th quarter worth $25,000. Opal Wealth Advisors LLC bought a new position in shares of Wintrust Financial in the first quarter worth about $27,000. Quent Capital LLC boosted its stake in shares of Wintrust Financial by 120.8% in the fourth quarter. Quent Capital LLC now owns 351 shares of the bank’s stock worth $33,000 after acquiring an additional 192 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Wintrust Financial during the fourth quarter worth about $41,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in Wintrust Financial during the 4th quarter valued at approximately $46,000. Hedge funds and other institutional investors own 93.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on WTFC shares. Stephens reiterated an “overweight” rating and set a $110.00 target price on shares of Wintrust Financial in a research note on Tuesday, April 16th. Jefferies Financial Group upped their price objective on Wintrust Financial from $114.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 8th. UBS Group increased their target price on Wintrust Financial from $105.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Raymond James boosted their price target on Wintrust Financial from $95.00 to $115.00 and gave the company a “strong-buy” rating in a research note on Friday, January 19th. Finally, Barclays lowered their price objective on shares of Wintrust Financial from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Wintrust Financial presently has an average rating of “Buy” and a consensus price target of $112.33.

About Wintrust Financial

Wintrust Financial Corporation operates as a financial holding company. 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.