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.
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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