Wintrust Financial Corporation (NASDAQ:WTFC) CEO Edward J. Wehmer sold 9,000 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $79.91, for a total value of $719,190.00. Following the completion of the sale, the chief executive officer now owns 121,873 shares of the company’s stock, valued at approximately $9,738,871.43. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Wintrust Financial Corporation (WTFC) traded up 1.08% during midday trading on Tuesday, reaching $80.30. 178,762 shares of the company were exchanged. The stock’s 50-day moving average price is $75.56 and its 200-day moving average price is $73.84. Wintrust Financial Corporation has a 52-week low of $51.65 and a 52-week high of $81.46. The company has a market capitalization of $4.48 billion, a PE ratio of 20.25 and a beta of 0.83.

Wintrust Financial Corporation (NASDAQ:WTFC) last posted its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.04. Wintrust Financial Corporation had a net margin of 19.74% and a return on equity of 9.32%. The company had revenue of $295.70 million for the quarter, compared to the consensus estimate of $298.96 million. During the same period last year, the firm posted $0.92 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Analysts anticipate that Wintrust Financial Corporation will post $4.32 EPS for the current year.

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A number of research analysts have recently commented on the company. Hovde Group restated a “market perform” rating and issued a $80.00 target price (up previously from $76.50) on shares of Wintrust Financial Corporation in a research note on Wednesday, August 2nd. ValuEngine raised Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. SunTrust Banks, Inc. set a $79.00 target price on Wintrust Financial Corporation and gave the stock a “hold” rating in a report on Thursday, October 19th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $84.00 price objective on shares of Wintrust Financial Corporation in a report on Friday. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Wintrust Financial Corporation in a report on Friday, August 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $81.38.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Nationwide Fund Advisors grew its stake in shares of Wintrust Financial Corporation by 10.3% in the 3rd quarter. Nationwide Fund Advisors now owns 205,999 shares of the bank’s stock worth $16,132,000 after purchasing an additional 19,271 shares during the last quarter. Adviser Investments LLC purchased a new position in shares of Wintrust Financial Corporation in the third quarter worth approximately $214,000. Oakbrook Investments LLC purchased a new position in shares of Wintrust Financial Corporation in the third quarter worth approximately $333,000. Meeder Asset Management Inc. purchased a new position in shares of Wintrust Financial Corporation in the third quarter worth approximately $183,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Wintrust Financial Corporation by 30.7% in the third quarter. Assenagon Asset Management S.A. now owns 52,731 shares of the bank’s stock worth $4,129,000 after acquiring an additional 12,384 shares in the last quarter. 90.63% of the stock is currently owned by institutional investors.

About Wintrust Financial Corporation

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.

Insider Buying and Selling by Quarter for Wintrust Financial Corporation (NASDAQ:WTFC)

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