Wintrust Financial (NASDAQ:WTFC) Sets New 12-Month Low – What’s Next?

Wintrust Financial Co. (NASDAQ:WTFC)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as $89.10 and last traded at $91.50, with a volume of 228982 shares changing hands. The stock had previously closed at $99.91.

Analyst Ratings Changes

A number of brokerages recently commented on WTFC. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 target price on shares of Wintrust Financial in a research note on Thursday, January 23rd. Piper Sandler increased their price objective on Wintrust Financial from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. StockNews.com cut Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Saturday, February 15th. Truist Financial raised Wintrust Financial to a “strong-buy” rating in a report on Monday, January 6th. Finally, UBS Group started coverage on shares of Wintrust Financial in a report on Tuesday, December 17th. They set a “buy” rating and a $157.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Wintrust Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.69.

Wintrust Financial Stock Down 3.6 %

The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.01. The firm has a market capitalization of $6.42 billion, a P/E ratio of 9.34 and a beta of 0.94. The stock has a fifty day moving average price of $120.32 and a two-hundred day moving average price of $122.35.

Wintrust Financial (NASDAQ:WTFC) last posted its earnings results on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, beating the consensus estimate of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same quarter last year, the firm earned $1.87 earnings per share. Research analysts forecast that Wintrust Financial Co. will post 10.36 EPS for the current year.

Wintrust Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.08%. Wintrust Financial’s dividend payout ratio (DPR) is presently 19.40%.

Insider Transactions at Wintrust Financial

In other news, COO David A. Dykstra sold 4,213 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $131.31, for a total value of $553,209.03. Following the completion of the transaction, the chief operating officer now directly owns 206,294 shares in the company, valued at $27,088,465.14. This trade represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David L. Stoehr sold 2,363 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $131.32, for a total transaction of $310,309.16. Following the transaction, the chief financial officer now owns 19,858 shares in the company, valued at $2,607,752.56. This represents a 10.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,178 shares of company stock worth $1,336,315. Company insiders own 1.47% of the company’s stock.

Hedge Funds Weigh In On Wintrust Financial

Several hedge funds have recently modified their holdings of WTFC. Jane Street Group LLC boosted its stake in Wintrust Financial by 530.3% during the third quarter. Jane Street Group LLC now owns 39,135 shares of the bank’s stock valued at $4,247,000 after buying an additional 32,926 shares in the last quarter. Retirement Systems of Alabama lifted its holdings in Wintrust Financial by 6.0% in the 3rd quarter. Retirement Systems of Alabama now owns 80,782 shares of the bank’s stock valued at $8,767,000 after acquiring an additional 4,562 shares during the last quarter. State Street Corp boosted its position in shares of Wintrust Financial by 5.1% during the 3rd quarter. State Street Corp now owns 2,627,561 shares of the bank’s stock valued at $285,169,000 after purchasing an additional 126,724 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Wintrust Financial by 708.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,327 shares of the bank’s stock worth $1,880,000 after purchasing an additional 15,185 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Wintrust Financial by 4,145.2% in the 4th quarter. Fifth Third Bancorp now owns 13,330 shares of the bank’s stock worth $1,662,000 after purchasing an additional 13,016 shares in the last quarter. 93.48% of the stock is currently owned by institutional investors and hedge funds.

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.