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Wintrust Financial (NASDAQ:WTFC) Corp's preferred stock (WTFCM) has reached a new 52-week high, trading at $25.01. This milestone reflects a significant uptrend for the company, marking a notable achievement in its financial performance over the past year. Investors have shown increased confidence in Wintrust Financial Corp, as evidenced by the stock's impressive 1-year change, which stands at a robust 13.65%. The surge to the 52-week high underscores the positive sentiment surrounding the company's growth prospects and operational strength in the competitive financial sector.
InvestingPro Insights
Wintrust Financial Corp's preferred stock (WTFCM) hitting a new 52-week high is a testament to its steady financial performance, which can be further illuminated by insights from InvestingPro. With a market capitalization of $7.13 billion, the company stands as a significant player in the financial sector. The stock's price-to-earnings (P/E) ratio of 11.02 suggests a reasonable valuation relative to its earnings, potentially offering an attractive entry point for value-focused investors.
InvestingPro Tips highlight that Wintrust Financial Corp has a history of rewarding shareholders, having raised its dividend for 10 consecutive years and maintained dividend payments for 25 consecutive years. This consistency signals a commitment to returning value to shareholders and a confidence in the company's financial stability. Moreover, analysts predict the company will be profitable this year, backed by the fact that it has been profitable over the last twelve months as of Q2 2024, with a gross profit of $2.22 billion.
While the company suffers from weak gross profit margins, the overall revenue growth of 6.88% in the last twelve months leading up to Q2 2024 indicates an ability to expand its financial base. For investors interested in dividend income, the dividend yield stands at a notable 6.61%, with the last dividend having an ex-date of July 1, 2024. These metrics, coupled with the company's recent performance, may offer a compelling narrative for both growth and income investors.
For those seeking a more in-depth analysis, additional InvestingPro Tips for WTFCM are available, providing a comprehensive look at the company's financial health and future prospects.
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