Wintrust Financial Corporation (WTFC) Director Gary D. Sweeney Buys 338 Shares
Wintrust Financial Corporation (NASDAQ:WTFC) Director Gary D. Sweeney purchased 338 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were acquired at an average price of $80.58 per share, with a total value of $27,236.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Wintrust Financial Corporation (NASDAQ:WTFC) traded up 1.08% during mid-day trading on Tuesday, hitting $80.30. 178,762 shares of the stock were exchanged. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 20.25 and a beta of 0.83. The company’s 50-day moving average price is $75.42 and its 200 day moving average price is $73.76. Wintrust Financial Corporation has a 52 week low of $51.65 and a 52 week high of $81.46.
Wintrust Financial Corporation (NASDAQ:WTFC) last released its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.04. The company had revenue of $295.70 million during the quarter, compared to analysts’ expectations of $298.96 million. Wintrust Financial Corporation had a net margin of 19.74% and a return on equity of 9.32%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 EPS. Equities research analysts expect that Wintrust Financial Corporation will post $4.32 EPS for the current year.
Several research firms have issued reports on WTFC. ValuEngine upgraded shares of Wintrust Financial Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Jefferies Group LLC reiterated a “hold” rating and set a $80.00 target price on shares of Wintrust Financial Corporation in a report on Friday, August 11th. SunTrust Banks, Inc. set a $79.00 target price on shares of Wintrust Financial Corporation and gave the stock a “hold” rating in a report on Thursday, October 19th. Hovde Group reiterated a “market perform” rating and set a $80.00 target price (up from $76.50) on shares of Wintrust Financial Corporation in a report on Wednesday, August 2nd. Finally, Piper Jaffray Companies set a $72.00 target price on shares of Wintrust Financial Corporation and gave the stock a “hold” rating in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Wintrust Financial Corporation currently has a consensus rating of “Hold” and an average price target of $81.38.
A number of institutional investors have recently added to or reduced their stakes in the business. Nationwide Fund Advisors boosted its position in Wintrust Financial Corporation by 10.3% in the 3rd quarter. Nationwide Fund Advisors now owns 205,999 shares of the bank’s stock valued at $16,132,000 after buying an additional 19,271 shares during the period. Adviser Investments LLC purchased a new stake in Wintrust Financial Corporation in the 3rd quarter valued at about $214,000. Oakbrook Investments LLC purchased a new stake in Wintrust Financial Corporation in the 3rd quarter valued at about $333,000. Meeder Asset Management Inc. purchased a new stake in Wintrust Financial Corporation in the 3rd quarter valued at about $183,000. Finally, Assenagon Asset Management S.A. boosted its position in Wintrust Financial Corporation by 30.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 52,731 shares of the bank’s stock valued at $4,129,000 after buying an additional 12,384 shares during the period. 90.63% of the stock is owned by institutional investors.
Wintrust Financial Corporation Company Profile
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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