Short Interest in Wintrust Financial Co. (NASDAQ:WTFCP) Declines By 64.5%

Wintrust Financial Co. (NASDAQ:WTFCP) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 46,900 shares, a drop of 64.5% from the August 15th total of 132,200 shares. Based on an average trading volume of 76,300 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Wintrust Financial stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Wintrust Financial Co. (NASDAQ:WTFCP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,200 shares of the company’s stock, valued at approximately $55,000.

Wintrust Financial Stock Up 0.2 %

WTFCP stock traded up $0.04 during midday trading on Friday, reaching $25.20. The company had a trading volume of 6,446 shares, compared to its average volume of 38,483. Wintrust Financial has a 1-year low of $22.80 and a 1-year high of $25.27. The stock has a 50 day moving average price of $24.90 and a 200-day moving average price of $24.92.

Wintrust Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $0.4297 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.82%. The ex-dividend date of this dividend is Tuesday, October 1st.

Wintrust Financial Company Profile

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.