Wintrust Financial Corp (NASDAQ:WTFC) Director Acquires $35,058.10 in Stock

Wintrust Financial Corp (NASDAQ:WTFC) Director Gary D. Sweeney bought 785 shares of the business’s stock in a transaction dated Thursday, July 23rd. The stock was purchased at an average price of $44.66 per share, with a total value of $35,058.10. Following the purchase, the director now directly owns 6,433 shares of the company’s stock, valued at approximately $287,297.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of NASDAQ WTFC opened at $44.65 on Monday. Wintrust Financial Corp has a fifty-two week low of $22.02 and a fifty-two week high of $72.51. The firm has a market capitalization of $2.57 billion, a P/E ratio of 9.90, a P/E/G ratio of 0.63 and a beta of 1.62. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 0.97. The company’s 50 day simple moving average is $44.14 and its 200 day simple moving average is $47.10.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Tuesday, July 21st. The bank reported $0.34 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.36). Wintrust Financial had a net margin of 14.33% and a return on equity of 7.63%. The business had revenue of $425.12 million for the quarter, compared to the consensus estimate of $374.45 million. Sell-side analysts expect that Wintrust Financial Corp will post 3.66 EPS for the current fiscal year.

WTFC has been the subject of a number of recent analyst reports. Raymond James raised their price target on Wintrust Financial from $50.00 to $58.00 and gave the company a “strong-buy” rating in a report on Thursday, June 4th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $38.00 price target on shares of Wintrust Financial in a report on Monday, April 13th. Keefe, Bruyette & Woods raised shares of Wintrust Financial from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a report on Wednesday, April 1st. Piper Sandler raised their price objective on shares of Wintrust Financial from $33.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Finally, ValuEngine raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Thursday, July 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Wintrust Financial currently has an average rating of “Hold” and an average price target of $51.63.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC acquired a new position in Wintrust Financial during the first quarter valued at approximately $31,000. Signaturefd LLC raised its holdings in Wintrust Financial by 2,321.4% in the first quarter. Signaturefd LLC now owns 1,017 shares of the bank’s stock worth $33,000 after purchasing an additional 975 shares during the period. Trust Co. of Vermont bought a new position in shares of Wintrust Financial during the second quarter worth $44,000. Stephenson National Bank & Trust acquired a new position in shares of Wintrust Financial in the 4th quarter valued at $46,000. Finally, Sowell Financial Services LLC bought a new stake in shares of Wintrust Financial in the 1st quarter valued at $52,000. Institutional investors and hedge funds own 88.55% of the company’s stock.

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), Internet banking, and other services.

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