A Director at Wintrust Financial (NASDAQ: WTFC) is Buying Shares

By Carrie Williams

Yesterday, a Director at Wintrust Financial (WTFCResearch Report), Gary Sweeney, bought shares of WTFC for $27.38K.

Following Gary Sweeney’s last WTFC Buy transaction on July 24, 2020, the stock climbed by 31.8%. This recent transaction increases Gary Sweeney’s holding in the company by 12.28% to a total of $546.8K.

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Based on Wintrust Financial’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $417 million and quarterly net profit of $101 million. In comparison, last year the company earned revenue of $373 million and had a net profit of $85.96 million. The company has a one-year high of $87.85 and a one-year low of $29.21. Currently, Wintrust Financial has an average volume of 395.63K.

Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $80.20, reflecting a -5.8% downside. Four different firms, including Janney Montgomery and Piper Sandler, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $587.4K worth of WTFC shares and purchased $27.38K worth of WTFC shares. The insider sentiment on Wintrust Financial has been negative according to 60 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Gary Sweeney’s trades have generated a 6.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Wintrust Financial Corp. operates as a bank holding company, which engages in the provision of banking and financial services. It operates through the following segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment provides community-oriented, personal and commercial banking services to customers located in its market area. The Specialty Finance segment offers financing of insurance premiums for businesses and individuals; accounts receivable financing, value-added, out-sourced administrative services; and other specialty finance businesses. The Wealth Management segment offers wealth management services through Wintrust Investments, CTC, Great Lakes Advisors and CDEC; trust and investment services, tax-deferred like-kind exchange services, asset management, securities brokerage services and 401(k) and retirement plan services. The company was founded by Edward Joseph Wehmer on December 30, 1992 and is headquartered in Rosemont, IL.