Wintrust Financial Corp (WTFC) Short Interest Update
Wintrust Financial Corp (NASDAQ:WTFC) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totalling 1,529,984 shares, a drop of 41.9% from the April 28th total of 2,632,697 shares. Approximately 3.0% of the company’s stock are sold short. Based on an average daily volume of 308,060 shares, the short-interest ratio is currently 5.0 days.
WTFC has been the subject of a number of analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $80.00 target price on shares of Wintrust Financial Corp in a research note on Wednesday, April 5th. Keefe, Bruyette & Woods set a $72.00 target price on shares of Wintrust Financial Corp and gave the company a “buy” rating in a research note on Thursday, April 6th. Hovde Group raised their target price on shares of Wintrust Financial Corp from $74.00 to $76.50 and gave the company a “market perform” rating in a research note on Tuesday, April 25th. Finally, Zacks Investment Research downgraded shares of Wintrust Financial Corp from a “buy” rating to a “hold” rating in a research note on Friday, May 19th. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $72.92.
Wintrust Financial Corp (NASDAQ:WTFC) opened at 70.79 on Friday. Wintrust Financial Corp has a 52 week low of $46.62 and a 52 week high of $76.71. The company has a market cap of $3.94 billion, a P/E ratio of 18.83 and a beta of 0.89. The firm’s 50 day moving average is $70.21 and its 200-day moving average is $70.15.
Wintrust Financial Corp (NASDAQ:WTFC) last announced its quarterly earnings results on Tuesday, April 18th. The bank reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.10. Wintrust Financial Corp had a net margin of 18.18% and a return on equity of 8.80%. The firm had revenue of $261.35 million during the quarter, compared to analysts’ expectations of $268.40 million. During the same quarter in the prior year, the company earned $0.90 EPS. On average, analysts predict that Wintrust Financial Corp will post $4.09 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 25th. Stockholders of record on Thursday, May 11th were given a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, May 9th. This represents a $0.56 annualized dividend and a dividend yield of 0.79%. Wintrust Financial Corp’s payout ratio is presently 15.30%.
In other Wintrust Financial Corp news, Director Peter D. Crist sold 23,225 shares of the firm’s stock in a transaction that occurred on Friday, April 21st. The shares were sold at an average price of $69.82, for a total transaction of $1,621,569.50. Following the completion of the transaction, the director now owns 73,550 shares of the company’s stock, valued at $5,135,261. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David L. Larson sold 1,519 shares of the firm’s stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of $73.20, for a total transaction of $111,190.80. Following the transaction, the insider now directly owns 6,574 shares of the company’s stock, valued at approximately $481,216.80. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in WTFC. Miles Capital Inc. boosted its stake in shares of Wintrust Financial Corp by 0.3% in the first quarter. Miles Capital Inc. now owns 3,595 shares of the bank’s stock valued at $248,000 after buying an additional 10 shares during the last quarter. United Capital Financial Advisers LLC boosted its stake in Wintrust Financial Corp by 0.3% in the first quarter. United Capital Financial Advisers LLC now owns 4,193 shares of the bank’s stock worth $290,000 after buying an additional 14 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Wintrust Financial Corp by 0.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 11,800 shares of the bank’s stock worth $816,000 after buying an additional 70 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in Wintrust Financial Corp by 3.4% in the first quarter. Oppenheimer & Co. Inc. now owns 2,956 shares of the bank’s stock worth $204,000 after buying an additional 96 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its stake in Wintrust Financial Corp by 0.5% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 32,286 shares of the bank’s stock worth $2,343,000 after buying an additional 150 shares during the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.
About Wintrust Financial Corp
Wintrust Financial Corporation is a financial holding company. The Company conducts its businesses through three segments: community banking, specialty finance and wealth management. The Company offers community banking services to individuals, small to mid-sized businesses, local governmental units and institutional clients.
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