Wintrust Financial (NASDAQ:WTFC) Shares Down 0.3%

Wintrust Financial Corp (NASDAQ:WTFC)’s share price was down 0.3% during trading on Thursday . The company traded as low as $60.59 and last traded at $60.78, approximately 15,101 shares traded hands during trading. A decline of 98% from the average daily volume of 701,248 shares. The stock had previously closed at $60.98.

A number of equities analysts recently commented on WTFC shares. Raymond James lowered their target price on Wintrust Financial from $86.00 to $80.00 and set a “strong-buy” rating for the company in a report on Wednesday, July 17th. Wedbush lowered their target price on Wintrust Financial from $84.00 to $78.00 and set an “outperform” rating for the company in a report on Tuesday, July 16th. BidaskClub cut Wintrust Financial from a “hold” rating to a “sell” rating in a report on Friday, August 9th. ValuEngine upgraded Wintrust Financial from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 23rd. Finally, Zacks Investment Research cut Wintrust Financial from a “hold” rating to a “strong sell” rating in a report on Saturday, July 20th. Three investment analysts have rated the stock with a sell rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $87.86.

The business has a fifty day moving average of $69.29 and a 200 day moving average of $71.63. The company has a market capitalization of $3.63 billion, a PE ratio of 10.28, a PEG ratio of 0.76 and a beta of 1.04. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.51.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Monday, July 15th. The bank reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.27). The company had revenue of $364.36 million during the quarter, compared to analysts’ expectations of $365.40 million. Wintrust Financial had a net margin of 20.60% and a return on equity of 10.72%. During the same quarter in the previous year, the business posted $1.53 EPS. Equities analysts forecast that Wintrust Financial Corp will post 6.21 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Wednesday, August 7th. Wintrust Financial’s payout ratio is presently 17.06%.

In related news, Director Gary D. Sweeney acquired 747 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was acquired at an average price of $66.92 per share, for a total transaction of $49,989.24. Following the purchase, the director now owns 4,392 shares of the company’s stock, valued at approximately $293,912.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.58% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Stonebridge Capital Advisors LLC purchased a new position in shares of Wintrust Financial in the 2nd quarter valued at about $110,000. Outlook Wealth Advisors LLC purchased a new position in shares of Wintrust Financial in the 2nd quarter valued at about $352,000. Nuveen Asset Management LLC boosted its stake in shares of Wintrust Financial by 43.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 713,255 shares of the bank’s stock valued at $52,181,000 after buying an additional 217,376 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of Wintrust Financial by 8.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 67,771 shares of the bank’s stock valued at $4,958,000 after buying an additional 5,471 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of Wintrust Financial in the 2nd quarter valued at about $1,058,000. Institutional investors and hedge funds own 88.55% of the company’s stock.

About Wintrust Financial (NASDAQ:WTFC)

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), Internet banking, and other services.

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