Jeffrey D. Hahnfeld Sells 221 Shares of Wintrust Financial Co. (NASDAQ:WTFC) Stock

Wintrust Financial Co. (NASDAQ:WTFC) EVP Jeffrey D. Hahnfeld sold 221 shares of the firm’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 value of $22,256.91. Following the completion of the transaction, the executive vice president now owns 1,867 shares of the company’s stock, valued at $188,025.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Wintrust Financial Price Performance

Shares of NASDAQ WTFC opened at $99.17 on Friday. The stock has a market capitalization of $6.12 billion, a PE ratio of 10.26 and a beta of 1.21. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.98 and a quick ratio of 0.97. The business has a fifty day moving average price of $98.52 and a two-hundred day moving average price of $91.45. Wintrust Financial Co. has a fifty-two week low of $58.12 and a fifty-two week high of $105.29.

Wintrust Financial (NASDAQ:WTFC) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.47. The firm had revenue of $604.77 million during the quarter, compared to analysts’ expectations of $577.80 million. Wintrust Financial had a return on equity of 13.09% and a net margin of 17.86%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.80 EPS. As a group, equities analysts predict that Wintrust Financial Co. will post 10.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Wintrust Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WTFC. Allspring Global Investments Holdings LLC raised its holdings in shares of Wintrust Financial by 2,131.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 73,913 shares of the bank’s stock worth $6,855,000 after buying an additional 70,601 shares in the last quarter. UBS Group AG raised its holdings in shares of Wintrust Financial by 61.3% during the 3rd quarter. UBS Group AG now owns 32,210 shares of the bank’s stock worth $2,432,000 after buying an additional 12,243 shares in the last quarter. abrdn plc raised its holdings in shares of Wintrust Financial by 24.6% during the 3rd quarter. abrdn plc now owns 344,631 shares of the bank’s stock worth $26,020,000 after buying an additional 68,042 shares in the last quarter. Boston Partners raised its holdings in shares of Wintrust Financial by 13.4% during the 3rd quarter. Boston Partners now owns 644,050 shares of the bank’s stock worth $48,549,000 after buying an additional 75,994 shares in the last quarter. Finally, Oliver Luxxe Assets LLC acquired a new position in shares of Wintrust Financial during the 3rd quarter worth $476,000. 93.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on WTFC shares. Raymond James raised 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. Royal Bank of Canada lifted their target price on Wintrust Financial from $109.00 to $116.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Truist Financial reduced their target price on Wintrust Financial from $117.00 to $112.00 and set a “buy” rating for the company in a research note on Monday. StockNews.com upgraded Wintrust Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. Finally, 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. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average 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.